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BAS Agents generally receive another month to lodge a BAS electronically. The deadlines for the BAS are 28 February, 28 April, 28 July and 28 October. The one month extension for BAS Agents is given to allow BAS Agents to complete all their lodgements. Sometimes it pays to use a BAS Agent if you have not been able to lodge your BAS return on time.

Unfortunately, the reality of life for successful small business owners is that there is just not enough time to do your own bookkeeping as well as achieve sales growth at the same time. The cost of hiring a bookkeeper is small compared to the lost opportunity of winning a new client. New sales opportunities present themselves every day and only those business owners devoted to acting quickly on leads will succeed in securing new clients.

A professional bookkeeper can also eliminate the mistakes made in the preparation of the BAS. These include claiming GST credits on items for which no GST applies and under reporting sales to which GST applies. The penalties for such errors can be significant.

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How does the outsourcing option work? There is no one method of outsourcing your financial record keeping. Bookkeeper Melbourne Co provides a business friendly outsourcing option which allows for physical collection and return of documents or fax/scanning of documents. This allows for personal contact with the bookkeeper to discuss any issues. This represents more of a hybrid option with some onsite and offsite bookkeeping to minimise the demands of the business owner.

Outsourcing your bookkeeping can be very effective for businesses looking to keep their overheads to a minimum cost. The cost of having a bookkeeper onsite can be expensive if you have to pay for idle time. A recent survey suggests that at least 30% of the time of a bookkeeper working onsite can be eliminated without loss of productivity.

Why is outsourcing more cost effective? It’s a well known fact that a fixed price quote is a lot more economic than having to pay for someone on a hourly rate. Quoting is standard across all industries and bookkeeping is no industry. The tendering out of work means that bookkeepers have to be compete on price not just on service to win the work. Outsourced bookkeeping results in the most cost effective outcome for small businesses trying to make the most out of all their resources.

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