From this figure, the ATO can work out if you owe them any tax or if you’re due for a rebate or tax refund (happy days!). Preparing your tax return If you’re not sure how to lodge your tax return, there are a couple of options for filing online. You can lodge your...
Option 2: When reversing out the system-generated journal, the amount that would go to the BAS Suspense account, post this to an ‘ATO RBA Clearing account’. This can be called many things to many Advisors, but as a general rule this account is what is owing at the ATO Integrated Clie...