GST & BAS (Business Activity Statements)
Businesses with a turnover of over $75,000.00 must be registered for GST.
If you are registered for GST, when you sell your products or services, you are required to charge a 10% Goods and Services Tax (GST) on behalf of the ATO. At the same time when you purchase goods and services which are applicable for GST you are also paying this to the supplier who is also collecting this on behalf of the ATO.
The Business Activity Statement (BAS) reports your net GST position to the ATO.
The BAS is a tax reporting requirement for businesses either on a monthly or quarterly basis. It's used for reporting and paying Goods and Services Tax (GST), Pay As You Go (PAYG) instalments, PAYG withholding tax and other tax obligations.
We understand that it may be hard to keep up with constant law changes about GST rules and claimable expenses.
Our qualified BAS Agents will take the confusion out of filling out your BAS form and make sure that every transaction has been allocated the correct GST code before lodging your Monthly or Quarterly BAS.
You can also take advantage of our 4 week extension on payment and lodgement of these forms.
Give us a call or email us to find out how we can take the stress out of your BAS obligations.
Frequently Asked Questions
For Monthly BAS - The due date to lodge and pay your is the 21st day of the month following the end of the taxable period.
For Quarterly BAS – see due dates and concessions below:
July, August and September original due date: 28 October, BAS agent concession for lodgement and payment: 25 November
October, November and December due date: 28 February
January, February and March original due date: 28 April, BAS agent concession for lodgement and payment: 25 May
April, May and June original due date: 28 July, BAS agent concession for lodgement and payment: 25 August