• I've just started up my own business as a sole trader: what do I need to know about tax?

    Starting up as a sole trader changes the way you report income and pay your taxes. We can make sure that you're ready for the transition, no matter which industry you're from.

    Book a consultation
  • Need accounting software advice and support?

    Our extensive expertise in all aspects of accounting software means you can concentrate on what you do best – running your business. We are accredited Xero specialists and have been MYOB, Intuit and Reckon Partners for many years.

    Learn more about Our Services
  • We want to start our own business: how do we set up the company?

    At PBA Financial Group we specialise in the setting up of start-up and new businesses. We'll set up a solid foundation for your new business so that you can hit the ground running!

    Learn more about Our Services
  • I've always done my own tax returns without the help of an accountant

    More often than not, people who do their own tax returns will miss out on valuable deductions simply because they didn't know what they were entitled to claim, or they incorrectly claim expenses.

    Are you sure your tax return is as accurate as it could be?

    Book an appointment

Latest News

GST refunds for returned imported goods

A question many people ask relates to GST on online purchases.  This article helps explain how it works plus there is a link to extra resources at the end.

 

 

When you purchase digital products or goods online from overseas with a customs value of A$1,000 or less (low value imported goods) you may notice GST:

  • included in the advertised price
  • added at the checkout
  • included on your receipt or order confirmation
  • included in your shipping and insurance costs.

Not all purchases from overseas include GST. For example, some overseas merchants may not be required to register for GST because they don't reach the A$75,000 GST registration threshold (in sales to Australia). Some goods may also be GST-free items, such as some food or medical supplies.

If you return low value imported goods, your overseas supplier should refund the amount paid including GST.

Contact your supplier if you believe GST has been incorrectly applied and request a refund of the GST charged.

Remember, registered tax agents and BAS agents can help you with your tax.

Find out about: