How to get the most from your Business Tax Return.
Family Day Care Scheme: Registering for GST – Bankstown
If you own or operate a Family Day Care, we understand that it is your top priority to run a successful business that benefits yourself, your family and your community.
At Mas Tax Bankstown, we specialise in Family Day Care business accounting and can help you to increase your return and ultimately grow your business. We can guide you in making the right accounting decisions and set up a successful business that benefits everyone.
Many accountants are not aware that a majority of their Family Day Care clients are entitled to an input tax credit by registering for GST. Even if your estimated or actual gross income is under $75,000, registering for GST can offer you the opportunity to reclaim GST paid on your business expenses. This includes the GST amount on operating costs, such as food and items for the children in your care, some household bills, and even your car expenses. Put money back into your pocket by making sure that you are claiming the full amount that you are entitled to, and spend it on the things that you want! Like growing your business, treating the children in your care or spoiling yourself.
We can also assist you with eliminating common bookkeeping, tax and financial problems and increase your business knowledge. Just because you don’t have a professional background in Accounting doesn’t mean that you should miss out on essential tips.
Get advice that is important to your business, such as:
- Keeping filled records of all of your expenses
- Getting more back on your Tax Return
- Developing a secure Superannuation Fund
- Setting up Insurance
- Registering for GST
Contact the team at the Bankstown office below or call us on 1300 627 829 to discuss your Family Day Care business and accounting needs.
