BAS Reporting & Lodgement
To save you time and stress when it comes to preparing your Business Activity Statement (BAS) or Installment Activity Statement (IAS) you can outsource the preparation and lodgement to a qualified CPA and Registered BAS Agent. Tax law regarding GST is complex. Each transaction recorded while doing your books needs to be assessed for the correct GST treatment. Depending on the size of your business turnover, purchase and sales transactions may require GST to be accounted for, or they may be GST free, input taxed, or outside the scope of the GST system. It depends on the transaction type and the tax law.
The quality of the BAS reports produced by your accounting system depends on the quality of the information being input. If you get it wrong you may face penalties by the ATO.
Thats why you can save time, stress and money by getting a qualified CPA that is a registered BAS Agent to look after you bookkeeping, allowing for the BAS reports to be produced straight out of your online accounting software for minimal cost, and lodged with the ATO by the required deadlines.