Bookkeeping Services

BAS (Business Activity Statement)

Businesses use a business activity statement (BAS) to report and pay a number of tax obligations, including GST, pay as you go (PAYG) instalments, PAYG withholding and fringe benefits tax.
Activity statements are also used by individuals who need to pay quarterly PAYG instalments.
If a mistake is found after the BAS has been lodged – what is the best way to rectify this mistake?
Should a revised BAS be lodged?
Would there be a charge if the ATO has been under or over paid due to the error?
We show our clients the best way to correct this error without your business incurring a penalty from the ATO.

Would it be of benefit for your business to have an additional two weeks each quarter to submit your BAS?

If you submit your BAS on a quarterly basis, you may be eligible for an additional two week lodgement after the 28th of the month.

Are you sure you are claiming back all the GST benefits eligible to your business?

Your business may be eligible to claim food consumed on the premises. Knowing what your business can legitimately claim means you will avoid paying too much GST.
We will make sure that you're business isn't over paying.

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