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As a small business owner you need to be tracking your Income and Expenses anyway regardless of whether you need to report to the ATO each quarter.

Sometimes being registered for GST is a good way of making sure you keep up to date with your Bookkeeping.

I always tell my clients that they should view their bookkeeping as an opportunity to see how their business is performing, don’t just think of it as a necessary evil to satisfy compliance issues with the Tax office!

In other words, whether you register for GST or not you should have a plan in place to report on your business performance.

Robyn Howard
Author of Be Your Own Bookkeeper
Boost Bookkeeping