Australia
GST recovery
& compliance
At BGI, we provide a unique and intricate offer, recovering significant GST overpayments that would otherwise go unnoticed.
Australia
GST recovery
& compliance
At BGI, we provide a unique and intricate offer, recovering significant GST overpayments that would otherwise go unnoticed.
Unique, more effective
recovery methods
Most organizations use existing software to run exception reports, or leverage external and internal auditors or other recovery firms to analyze their clients’ data. This methodology is based on simple and ultimately inadequate queries.
At BGI, our tax experts have decades of personal experience and manually comb client data, personally reviewing AP transactions passing through your general ledger. Our seamless and painless process allows us to undertake a full review of a company’s GST payments, reconciling to monthly GST returns. There are no surprises from upfront fees, software compatibility shortfalls, heavy workloads or partial findings. There is no dollar cut-off and no sampling. BGI analyzes every transaction. And it is all delivered with an informative report and ongoing support, ready for you to claim from the Tax Office.
Unique, more effective
recovery methods
Most organizations use existing software to run exception reports, or leverage external and internal auditors or other recovery firms to analyze their clients’ data. This methodology is based on simple and ultimately inadequate queries.
At BGI, our tax experts have decades of personal experience and manually comb client data, personally reviewing AP transactions passing through your general ledger. Our seamless and painless process allows us to undertake a full review of a company’s GST payments, reconciling to monthly GST returns. There are no surprises from upfront fees, software compatibility shortfalls, heavy workloads or partial findings. There is no dollar cut-off and no sampling. BGI analyzes every transaction. And it is all delivered with an informative report and ongoing support, ready for you to claim from the Tax Office.
GST
Self-funding reviews
BGI’s service is completely self funding – no budget is required and no expenses are charged. For clients, BGI’s GST review will always be a win-win option. For no additional fee and within the guidelines of the ATO’s Top 100 and Top 1000 GST assurance program, BGI prides itself on its extensive experience and expertise in GST data analytics. Our expert service includes:
GAT assistance
(ATO’s GST Analytical Tool)
ATO data testing
(often uncovers useful, recovery-yielding insights)
Detailed and customized reports (meeting ATO requirements)
Identification of potential
process improvements
Entirely remote reviews
(if required)
Independent third
party resolution
(no client time commitment)
GST liability reviews & ATO testing
Many clients are keen to understand the integrity of their Goods and Services Tax (GST) processing compliance for Accounts Payable and Accounts Receivable and gain quality procedural and system improvements prior to Tax Office audits.
BGI will verify and improve your compliance integrity, providing comprehensive reviews of tax accounting systems to determine overlooked data analysis liabilities, such as:
- GST claimed on Accounts Payable when no GST charged
- GST over-claimed on Accounts Payable transactions
- GST under-remitted on Accounts Receivable transactions
- Journal entry account integrity
- Clerical Errors
BGI GST Compliance and Liability Reviews are very useful to substantiate tax assessments and perform due diligence on potential company acquisitions. Legal opinions can be provided if necessary.
BGI can customise the data tests or we can assist in the ATO’s GAT and/or the full Top 100/1000 Data tests recommended by the ATO.
GST liability reviews & ATO testing
Many clients are keen to understand the integrity of their Goods and Services Tax (GST) processing compliance for Accounts Payable and Accounts Receivable and gain quality procedural and system improvements prior to Tax Office audits.
BGI will verify and improve your compliance integrity, providing comprehensive reviews of tax accounting systems to determine overlooked data analysis liabilities, such as:
- GST claimed on Accounts Payable when no GST charged
- GST over-claimed on Accounts Payable transactions
- GST under-remitted on Accounts Receivable transactions
- Journal entry account integrity
- Clerical Errors
BGI GST Compliance and Liability Reviews are very useful to substantiate tax assessments and perform due diligence on potential company acquisitions. Legal opinions can be provided if necessary.
BGI can customise the data tests or we can assist in the ATO’s GAT and/or the full Top 100/1000 Data tests recommended by the ATO.
What our clients
have to say.
For over 40 years, our clients have come to depend on our professionalism, ease of service, and ability to optimize their businesses. It is our mission, as dedicated and seasoned experts, to serve our clients with unparalleled integrity and diligence. Their words speak for themselves.
“The Review resulted in notable recovery of missed input tax credits, and an excellent check of the veracity of our systems. A final report was presented which will no doubt be useful for audit and risk committee and ATO.”
Financial Analyst
Large ERP Company
“Prior to undertaking the assignment BGI had indicated that they would only require minimal support from our IT and AP Staff. It was pleasing to see that this proved to be the case”
General Manager Finance & Risk
Large Builder
“The Review resulted in notable recovery of missed input tax credits, and an excellent check of the veracity of our systems. A final report was presented which will no doubt be useful for audit and risk committee and ATO.”
Financial Analyst
Large ERP Company
“Prior to undertaking the assignment BGI had indicated that they would only require minimal support from our IT and AP Staff. It was pleasing to see that this proved to be the case”
General Manager Finance & Risk
Large Builder
Work with us
Get in touch to perform a GST and/or AP Recovery Review for your organization. No budget is necessary as financial resource can be created without any cost to your budget.
