GST BAS Lodgement Failures
Definition
Retainer fees require GST-inclusive invoicing and BAS reporting. Manual errors in multi-stage billing lead to late lodgements or misreporting.
Key Findings
- Financial Impact: AUD 222 failure-to-lodge penalty per BAS + 20% shortfall penalty on GST amounts (typical AUD 3,000-10,000 per search)
- Frequency: Quarterly per BAS cycle
- Root Cause: Complex tracking of partial payments across milestones
Why This Matters
The Pitch: Executive search firms in Australia risk AUD 222+ per late BAS on retainers. Automation of GST-compliant invoicing prevents audit failures.
Affected Stakeholders
Bookkeeper, Compliance Officer, Managing Director
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
Unbilled Retainer Milestones
Delayed Milestone Payments
Bad Hiring Decisions from Inadequate Checks
Verification Delays Slow Onboarding
Manual Verification Bottlenecks
STP Phase 2 Payroll Reporting Failures
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