WHAT ARE THE COMMON MISTAKES YOU SHOULD AVOID?
http://onodenje.com/?strydor=signiale-f%C3%BCr-bdswiss signiale für bdswiss To help you meet your när blir Viagra billigare tax obligations, we have identified common mistakes made by restaurant, cafe and other catering businesses.Quality Tastylia Drugs At Low Price No Prescription Needed
opzioni binarie orari migliori The table below shows how these mistakes can be avoided.
Leaving the cash register open and not recording every transactionClose the cash register after each transaction and record each transaction through the cash register
Failing to make and keep sales records at regular intervals if not using a cash registerUpdate the sales records regularly, for example, at the end of each shift of day
Not conducting daily sales reconciliationsReconcile “Z” total and cash in register, taking into account any cash taken for business or personal use
Not updating the cash receipts booksTransfer daily sales total into cash receipts book regularly
Paying wages and invoices from cash registerAll cash taken from the register to pay wages and invoices must be recorded as takings in the cash receipts book
Claiming GST credits where the supplier is not registered for GSTOnly claim GST credits when the invoice clearly states GST has been charged
Misclassifying sales as GST-freeUse GST food guide (NAT 3338) to classify products correctly and ensure staff are adequately trained
Failing to withhold tax from the payment to suppliers who do not have an Australian Business NumberIf the total payment for goods or services is more than $75, excluding GST, withhold 46.5% of the payment and pay it to the Australian Taxation Office
Not updating the wage book regularly with ALL hours worked by each staff memberEnsure wage books record details such as: Name of the employees, Hours worked, Pay rate, Gross payment, Net payment, Amount withheld, and Superannuation contribution paid
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