Preparation of Business Activity Statement (BAS) is one of the important processes that should be undertaken by Australian businesses that are registered for Goods and Services Tax (GST). It entails consolidating and lodging your company’s tax obligations to the Australian Taxation Office (ATO) in the form of GST, Pay As You Go (PAYG) installments, PAYG withholding, and other levies as applicable. Proper BAS preparation establishes conformity with tax legislation and ensures the good financial standing of your business.
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BAS preparation is preparing and filing your Business Activity Statement (BAS) for reporting GST, PAYG, and other tax obligations to the ATO.
Australian companies registered to pay GST need to file a BAS, commonly on a monthly or quarterly period.
Late lodgment can incur ATO penalties and interest charges.
Yes, but through the use of a registered BAS agent, accuracy, compliance, and timely lodgment are guaranteed.
We offer professional BAS preparation, which guarantees accuracy, compliance, and timely lodgment to the ATO.
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