We have over 15 years of Experience in Accounting & Taxation Services
RS Business Solutions established with the intention of providing quality & affordable services to individuals and business community.
Rajendra is a Qualified Chartered Accountant from NZ. He is passionate about numbers and have a zeal to help clients in managing Accounting & Taxation and Business development areas.
our services
Business Consulting
Financial Reports We prepare your Financial reports and provide monthly/quarterly/annul reports. Management Reports We prepare Management Reports as per your requirements (e.g., Actual vs Budget, Analysis of variance, Profitability reports…
TAX Solutions
Annual Tax Returns We file your annual tax returns in time to IRD to avoid any unwanted delays and penalties imposed by IRD. GST Returns We file your GST returns…
Accounting
Annul / Year-End Accounting We Provide Annual / Year-end accounting for businesses, individuals, self-employment people, and Tradies. Rental Property Accounting Are you a owner of rental property, and are you…
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our partners
Frequently asked Questions
What is GST?
GST is a tax on the supply of goods and services in Australia. It is a consumption tax, which is generally charged on selling goods and services to consumers but not on selling goods and services between businesses.
When do I need to file a GST return?
You must file a GST return for every taxable period using your chosen accounting basis, even if it’s a nil return. You cannot get an extension to file a GST return, so you must file it on time. A GST return is due by the 28th of the month after the end of your taxable period.
What records do I need to keep for GST?
You must keep records that show the following:
- what you sold and when – these can include sales dockets, invoices, contracts, work orders, and receipts
- what you bought and when – these can consist of supplier invoices, contracts, and receipts
- who are your customers and suppliers are
- how much GST you charged and pay on sales and purchases
- any adjustments to your GST account, for example, if you made a mistake on your GST return
- any other information that supports your GST return, such as receipts for expenses.
What is double-entry bookkeeping?
Double-entry bookkeeping is a bookkeeping system in which every transaction is recorded in at least two different accounts.
What is a trial balance?
A trial balance is a statement that lists the ending balances in all the ledger accounts of a business at a particular point in time. The trial balance is used to prepare the financial statements.
What is a balance sheet?
A balance sheet is a financial statement that reports a company’s assets, liabilities, and shareholders’ equity at a specific time. Assets are listed first, followed by liabilities and equity.
