Hastings' Marine and Industrial Base
Hastings is home to a significant marine industry, boat building, marina services and marine trades, alongside a broader industrial and trades base tied to the deep-water port. These businesses often deal with specialised equipment, longer project timelines and larger individual invoices than a typical small retail business, which changes what accurate bookkeeping needs to capture.
BAS Lodgement for Project and Marine Trades
A late BAS lodgement carries a penalty of $330 per 28-day period overdue, up to $1,650. Marine and industrial trades often invoice in stages against larger projects, which means GST needs to be coded to the correct period as work progresses, not just when a final invoice is paid. As a registered BAS agent, we lodge on your behalf and benefit from agent lodgement extensions.
What Marine and Industrial Businesses Need Tracked
- Progress invoicing: GST and income recognised correctly against milestone or staged invoices on larger projects.
- Specialised equipment and vessels: correct asset registers and depreciation schedules for marine and industrial equipment.
- Subcontractor payments: TPAR-ready records for marine and industrial trades using subcontractors.
- Import duties and GST on parts: correctly recorded where specialised marine parts or equipment are imported.
Payroll for Marine and Industrial Teams
Hastings businesses often employ tradespeople, apprentices and marine specialists under different Award classifications. Getting STP reporting, super and Award rates correct across a specialised workforce avoids expensive Fair Work and ATO problems later.
Why Project-Based Detail Matters Here
A bookkeeper comfortable with staged invoicing and specialised asset tracking catches the GST timing and depreciation details that matter most for marine and industrial businesses.
True Tally, bookkeeping for Hastings small business
We're a registered BAS agent and Xero Certified Advisor working with marine industry, industrial and trades businesses across Hastings. Book a free call to review your current setup.
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