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.
Common Corio bookkeeping gap: a chart of accounts that's accumulated duplicate or unused categories over years of operation, making monthly reports harder to read than necessary.

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.

Book a Free 20-Minute Call