Business Activity Statement (BAS) is a report which businesses are required to complete and pay their business taxes to the Australian Taxation Office or ATO. You will need to have all the paperwork in place for the completion of BAS in each quarter. This will allow you to negate legal complications that may otherwise affect your business. Getting in touch with a certified BAS Agent in Wyong will help you to complete the complex process quite smoothly.
Organised Accounting Solutions Pty Ltd is a registered BAS Agent with the Tax Practitioners Board. What does this mean? It means that we are legally able to provide BAS services to you and as such, you can rely on our work to satisfy your tax liabilities and obligations with the Tax Office. Since the establishment of the Tax Agent Services Act 2009 (TASA 2009) it is illegal to engage a bookkeeper who is not a registered BAS Agent to perform BAS services for your business for a fee.
A Bookkeeper found practicing in this way is subject to heavy fines and penalties! So BAS services, because they can only be performed by a BAS Agent, are not the same as general bookkeeping services.
When BAS time comes around either monthly or quarterly, our BAS Agent takes the time to have a look at your accounts and, if requested, run a management report. It is a great time to tidy up any loose ends and point out where improvement needs to be made for the next month/quarter.
Lodging your BAS through a BAS Agent will also mean that your BAS is lodged electronically and you get the EXTENDED due dates for lodgement and payment of your GST.
We will ensure that your ATO Deadlines are met on time.
BAS services include the following:
- Providing advice about a BAS Provision.
- Preparing and/or lodging your Business Activity Statements, Installment Activity Statements or Employee Payment Summaries.
- Reviewing your software data file (including making any amendments) and preparing reports which will be used to complete various tax forms.
- Preparing year-end reports based on your accounts which you and/or your accountant will use to satisfy your year-end tax liabilities and obligations.
- Reconciling data relating to a BAS Provision to determine the figures which will be used in your Activity Statement/s.
- Contacting the Commissioner of Taxation (i.e. the ATO) on your behalf in relation to a BAS Provision.
At Organised Accounting Solutions (OAS), we take the provisions related to the BAS services and the compliance issues seriously so that the reporting process goes hassle-free. Doing things correctly in the first place will help you to avoid the unnecessary additional costs associated with the compliance programs. Our team of experts are fully aware of the lodgement dates and makes sure that compliance issues do not cost your business the extra money.
Our professional BAS Services in Wyong will make sure that your business is safeguarded from any additional expenses. There is always a risk of penalties being applied to your business due to the delay in producing a document or producing false documents. You can minimise this risk with our efficient BAS Services in Wyong.
