BAS Lodgement

1. BAS Preparation and Lodgment: 

• Prepare and complete Business Activity Statements accurately and in compliance with tax regulations. 
• Lodge BAS with the Australian Taxation Office (ATO) on behalf of clients within specified deadlines. 

2. GST Compliance: 

• Ensure accurate reporting of Goods and Services Tax (GST) on BAS. 
• Advise clients on GST implications and assist in maintaining compliance. 

3. PAYG Withholding: 

• Manage and report Pay As You Go (PAYG) withholding obligations for clients. 
• Keep abreast of changes in PAYG regulations and advise clients accordingly. 

4. Record Keeping: 

• Assist businesses in maintaining accurate and organized financial records to support BAS preparation. 
• Implement effective record-keeping systems for clients. 

5. Tax Code Compliance: 

• Provide advice on tax codes, classifications, and compliance with relevant tax laws. 
• Ensure that businesses use the correct tax codes for various transactions. 

6. Communication with ATO: 

• Act as a liaison between clients and the Australian Taxation Office. 
• Handle communications, inquiries, and submissions to the ATO on behalf of clients. 

7. Compliance Checks: 

• Conduct regular compliance checks to ensure that businesses are meeting their tax obligations. 
• Identify and rectify any discrepancies or issues in financial records. 

8. Client Advisory: 

• Offer advice and guidance to clients on tax-related matters, including changes in tax laws and regulations. 
• Provide strategies for optimizing tax positions and reducing liabilities. 

9. Code of Professional Conduct: 

• Adhere to the Code of Professional Conduct outlined by the Tax Practitioners Board (TPB). 
• Uphold principles such as honesty, integrity, and confidentiality in all professional dealings. 

10. Education and Training: 

• Stay informed about changes in tax legislation through ongoing professional development. 
• Keep up-to-date with industry trends and attend relevant training programs. 

11. Renewal of Registration: 

• Ensure timely renewal of BAS Agent registration with the Tax Practitioners Board. 
• Fulfill continuing professional education requirements for registration renewal. 

12. Dispute Resolution: 

• Assist clients in resolving disputes with the ATO, including responding to audit requests and managing objections. 

13. Professional Indemnity Insurance: 

• Maintain professional indemnity insurance coverage as required for BAS Agent registration. 

14. Software Utilization: 

• Utilize accounting software and technology to streamline BAS preparation processes. 
• Stay updated on advancements in accounting software.

1. Expertise and Compliance: 

• Benefit from the expertise of our dedicated BAS professionals who stay abreast of tax regulations and ensure strict compliance in every lodgement. 

2. Time and Resource Savings: 

• Free up your valuable time and internal resources by outsourcing the time-consuming task of BAS preparation and lodgement. Concentrate on growing your business while we handle your tax reporting. 

3. Accuracy and Error Prevention: 

• Mitigate the risk of errors in BAS reporting. Our experienced team employs meticulous attention to detail, reducing the likelihood of costly mistakes in your financial records. 

4. Timely Lodgement: 

• Ensure punctual submission of your BAS to the Australian Taxation Office (ATO). Our efficient processes and adherence to deadlines guarantee that you meet all regulatory requirements on time. 

5. Customized Solutions: 

• Receive tailored BAS services that align with the specific needs of your business. Our flexible approach ensures that our services cater to the unique aspects of your industry and financial structure. 

6. Comprehensive Reporting:

• Receive detailed and comprehensive reports accompanying your BAS lodgements. Gain insights into your financial performance and position through clear and transparent reporting 

1. BAS Agent Portal: The Australian Taxation Office (ATO) provides the BAS Agent Portal, an online platform where registered BAS agents can lodge BAS on behalf of their clients directly with the ATO. 

2. Microsoft Excel: While not dedicated accounting software, Excel is a versatile tool used by many BAS Agents for data analysis, record-keeping, and certain aspects of BAS preparation. 

3. MYOB (Mind Your Own Business): MYOB is a popular accounting software that provides solutions for businesses of various sizes. It includes features for BAS reporting, payroll, and general financial management. 

4. Xero: Xero is a cloud-based accounting software known for its user-friendly interface. It allows real-time collaboration and provides tools for efficient BAS preparation and reporting. 

5. QuickBooks Online: QuickBooks Online is widely used globally, offering features for invoicing, expense tracking, and financial reporting. It is commonly utilized by BAS Agents for BAS lodgement services. 

6. Reckon: Reckon is an Australian-based accounting software provider. It offers solutions for small to medium-sized businesses and includes features for BAS preparation and compliance. 

7. Sage Business Cloud Accounting: Sage provides cloud-based accounting solutions, and its software is used by businesses for BAS reporting and financial management. 

8. Wave Accounting: Wave is a free accounting software option that may be used by small businesses. It includes features for invoicing, expense tracking, and financial reporting.