Re: Freight Australia not happy

["michael pascoe" <michael_pascoe@iprimus.com.au>]

I manage a computer store so I supose I can comment, Software is the ONLY
way to manage GST eficiently.  But of course the big problem is that most
people dont asign the correct tax codes to their accounts.

It doesnt help when some bank charges and fees are charged GST and some are
input taxed !

Buy a vehicle or pay registration and whilst they are charged GST, you can
not clain the 10% as a credit !!!

If your business buys and sells second hand gear then god help you when
working this out !

The problem is every business is diferent and that software just hasn't
implemented all of the GST rules as yet, but will of course in time.

Regards,
M. Pascoe


> You are kidding aren't you? What did you spend your $200 on? If you had
> spent it on a decent accounting package (I use MYOB First Accounts V3.5,
> more than enough for any small business) you would be right. I spend about
> 10 mins a day on it, put in about 20 transactions, and at the end of the
> quarter BASLink prepares my BAS for me. All I have to worry about is
having
> the money ready to pay (hmmmm, that reminds me, I was supposed to phone
them
> on Monday and ask for time to pay the $4276 I owe them for the December
> quarter!) Preparing the BAS takes me about 2 minutes, due to the software
I
> use, and the software was paid for by the government.
>
> Dave
>
>