Corio's Industrial Heritage Shapes a Settled Business Community
Corio's long connection to major manufacturing operations in the area has shaped a small business base built around trades, support services, and family-run retail. Many businesses here have been operating for years, serving a steady, settled local community.
BAS Lodgement Done Properly, Every Quarter
A late BAS lodgement carries a penalty of $330 per 28-day period overdue, up to $1,650. As a registered BAS agent, we lodge on your behalf and benefit from agent lodgement extensions, an extra four weeks per quarter.
Reviewing a Long-Running Setup
- Chart of accounts, checking whether categories set up years ago still reflect how the business operates today.
- GST coding consistency, particularly important if bookkeeping responsibilities have changed hands over the years.
- Bank rules, automating recurring transactions still entered manually out of habit.
TPAR for Local Trades
Trades businesses servicing Corio and the surrounding suburbs that pay subcontractors must lodge a Taxable Payments Annual Report by 28 August each year. Tracking payments throughout the year makes this a simple lodgement rather than a scramble in August.
Why a Periodic Review Pays Off
Even a business that's been running well for years benefits from a periodic bookkeeping review, rates, rules and best practices change, and a system set up long ago doesn't update itself.
True Tally, bookkeeping for Corio small business
We're a registered BAS agent and Xero Certified Advisor working with trades and small businesses across Corio and Geelong's north. Book a free call to review your current setup.
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