Business Activity Statements
Preparing and lodging Business Activity Statements is among the many services offered by Greenhalgh Pickard’s bookkeepers for business clients.
Every business registered for Goods and Services Tax (GST) is required to lodge a Business Activity Statement (BAS) to the Australian Taxation Office (ATO) either monthly or quarterly, depending on its specific tax reporting obligations.
Lodgement dates can tend to creep up by many small business owners who opt for DIY BAS reporting, often causing panic and a hurried attempt to report by the deadline. Yet errors made in this rush or the due date slipping by unnoticed can prove extremely costly for your business.
Professional BAS services can prevent your business from being exposed to non-compliance penalties issued by the ATO.
Importantly, to protect businesses, legislation permits only registered BAS agents or tax agents to provide services in relation to your business’s BAS obligation.
With vast expertise around BAS liabilities, obligations and entitlements, combined with a reputation for accuracy and unsurpassed attention to detail, Greenhalgh Pickard’s registered BAS agents provide clients with peace of mind in knowing that their BAS lodgement will be compliant and on-time, every time.
How a BAS agent differs from a bookkeeper
BAS agents are registered with the Tax Practitioners Board, which oversees and regulates the supply of BAS services. Registration as a BAS agent ensures that the individual has the necessary qualifications, experience, competence and professionalism to assist with BAS obligations.
BAS agents are subject to a Code of Professional Conduct, which includes:
Honesty and integrity (when acting for you in relation to your money)
Independence (always acting in your best interests)
Complete confidentiality (unless directed)
BAS agents must hold Professional Indemnity insurance and are subject to a range of other obligations, administrative sanctions and civil penalties.
Other than yourself or any employees, only registered BAS agents are permitted by law to deal with the ATO on behalf of your business in relation to the following in addition to GST:
Fringe Benefits Tax (FBT) Payments
Fuel Tax Payments
PAYG Instalment Payments
Wine Equalisation Tax (WET) Payments
PAYG Withholding (payroll)
Luxury Car Tax (LCT)
Greenhalgh Pickard’s registered BAS agents
Complete Advice
Whether you’re simply needing assistant with BAS preparation and lodgement or your businesses has a need for outsourced bookkeeping and/or other accounting services, expert help is available at Greenhalgh Pickard. Simply call (07) 5444 1022 today.
Does Family Mediation Work? Benefits, Challenges and Legal Implications Explained
[Updated 26/09/2024 by Taylor Wilson] Effective family mediation at an early stage can avoid lengthy, costly and emotionally draining contested court proceedings. This may...
Who Owns Frozen Embryos When Partners Separate? 3 Deciding Factors
Do you have frozen embryos with a partner you are separating from? You may be wondering who gets custody of these frozen embryos after divorce or separation. The increasing use of...
Parenting Plans Are Not Enforceable – Here’s Why
Parenting plans offer a flexible, cooperative approach to post-separation parenting arrangements. They focus on the best interests of the children while avoiding the cost,...
Contact Your Nearest Office
If you are interested in meeting with an accountant or lawyer regarding your business or commercial interests, please fill out the form to book an appointment or call (07) 5444 1022