A business must register for GST if your GST turnover is more than $75,000 or more in a twelve-month period. 📅

If your business is registered for GST, you must include 10% GST on your recruitment services.

You then need to report your GST to the ATO via business activity statements also known as 👉 BAS.

You lodge your BAS to the ATO on a:
▪ monthly
▪ quarterly
▪ or annual basis

Most businesses do it quarterly, and those quarters are usually January to March, April to June, July to September, and October to December.

The BAS allows the ATO to collect the taxes you have to pay 💰 to the ATO earlier so you don't get hit with a huge tax bill at the end of the year.

It also allows you to report the total income and taxes to the government.

So then the ATO uses these figures 📄 to cross-check it with your income tax returns for your employees, for your business, and your personal tax return to ensure it all matches.

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