GST/BAS Lodgement Penalties
Definition
Touring logistics involve mixed supplies (taxable freight, GST-free tickets, input credits), requiring meticulous BAS reconciliation. Manual processes in settlement cause late lodgements.
Key Findings
- Financial Impact: AUD 222 per late BAS (up to 10 per year) + GIC at 11.59% p.a.
- Frequency: Quarterly lodgements
- Root Cause: Manual tracking of interstate/international tour expenses and revenue splits
Why This Matters
The Pitch: Dance companies in Australia 🇦🇺 waste AUD 2,220+ annually on BAS penalties. Automation of touring invoice settlement eliminates this risk.
Affected Stakeholders
Tour Manager, Finance Officer, Production Accountant
Deep Analysis (Premium)
Financial Impact
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Current Workarounds
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Methodology & Sources
Data collected via OSINT from regulatory filings, industry audits, and verified case studies.
Related Business Risks
STP Phase 2 Reporting Failures
Superannuation Guarantee Charge
ATA Carnet & Customs Delays
Payroll Tax Threshold Breaches
Überbeschaffung und Fehlbestände bei Kostümen und Bühnenbildern
Inventurschwund und Diebstahl bei Kostümen und Requisiten
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