GST Simplified

For 99% of transactions, GST is simple and straightforward; you just divide your income or expense by eleven, and that is the GST you owe or have as a credit. However, the remaining 1% of GST can be extremely complex and, if mismanaged, potentially very costly.

While it is meant to be a simple tax, for growing businesses involved in complex transactions, financing assets or operating in specific industries, GST can quickly become more complicated. If errors are made, the ATO might take notice of your affairs generally.

At Rands Advisory Group, we provide the clarity and confidence you need to manage your GST obligations without unnecessary stress. Our advice is straightforward, practical, and focused on helping your business manage the GST process easily.

We help you set up the right processes as we have done in a wide range of industries, including construction, healthcare, law, retail and finance. It doesn’t matter which sector your business is in, we can help. Some clients come to us to sort out past GST problems. Others want help planning for future deals or growth. Whatever challenge GST presents for you, we make sure our advice fits your business and what you need.

GST Margin Scheme

How does GST apply to the sale of real estate, particularly for developers or builders?

Concessions and reductions are available, but are not granted automatically. They must be properly specified in the transaction documentation. Planning and correct documentation are essential to avoid overpaying GST.

Rands Advisory Group can help you structure transactions to legally minimise the GST payable by securing available elections and concessions. We can work closely with your solicitors to ensure that your documentation is consistent and aligns with the strategy that has been worked out.