BAS Lodgement Service
BAS lodgement is an essential service that our team of Business Accountants provide to many Australian SMEs. If you run a business with an annual turnover above AUD 75,000, you need to register for GST, and lodge a Business Activity Statement (BAS) with the Australian Tax Office (ATO). Before the end of each reporting period, the ATO automatically sends a tailor-made BAS to every business entity with an Australian business number (ABN) and GST registration.
Your business may receive the BAS in a paper form, electronically or through your business’s registered tax agent. Parts of the BAS may be pre-filled, and the rest can be managed by us. As your registered tax agents in Australia, we take the hassle out of these obligations on behalf of your business. By lodging your BAS, we will help you report and pay your Goods and Services Tax (GST), Pay As You Go (PAYG) instalments, PAYG withholding tax, and other taxes.
Key Focus Areas of BAS Lodgement
What Our Clients Say
FAQs about BAS Lodgement
The business activity statement (BAS) is a document submitted to the Australian Taxation Office (ATO) by registered business entities to report their tax obligations. If you have an ABN, and are registered for GST, then you must lodge a BAS.
These obligations include
- Goods and Services Tax (GST)
- Pay as you go withholding (PAYGW)
- Pay as you go instalments (PAYGI)
- Fringe benefits tax (FBT)
- Wine equalisation tax (WET)
- Luxury car tax (LCT)
BAS lodgement is a service for sole traders and other business structures with a GST registration. As an Enterprise or Business should register for GST when you have a Gross Revenue of more than AUD $75,000 per annum. However, there are some exceptions for GST registration, where (for example) Ride Sharing businesses, like UBER, GST is chargeable from 1st dollar of revenue generated.
There are a few options for lodging your Business Activity Statements (BAS) and reporting your Goods and Services Tax (GST). Best practice dictates necessitates timely BAS lodgement no matter the case.
Lodge your BAS directly with the ATO
Lodge through your tax or BAS agent
We keep an eye on all your BAS related notifications from the ATO while you can still access your BAS through myGov.
Our online BAS lodgement service is quick, stress-free and reliable. All you need to do is submit your summary of Income and Expenses along with correct details, so we can prepare your BAS Lodgement for you to sign. Once signed, we will lodge the form with the ATO, and send you a copy of your BAS lodgement along with the corresponding Payment or Refund slip. We manage the entire process online while assisting you remotely.
If the monthly or quarterly GST you collected is more than the GST you paid, you will have a payment due on your BAS that you will need to forward directly to the ATO. Your BAS reflects this amount including available payment methods. This amount does not include our BAS lodgement fees.
The quickest available payment methods are
- BPAY,
- Credit card,
- Debit card,
- Payment Reference Number (PRN) – this method applies when we lodge your BAS online.
If there are delays in your payment, the ATO may charge you interest on the overdue amount. You may also consider making early payments to off-site your future BAS. However, the ATO does not pay you any interest on early payments.
By lodging with Four Quarters Business Accountants, you get access to all the benefits of lodging with a BAS Agent registered with the Tax Practitioners Board, including a 4-week extension on the due date of your BAS with the ATO, avoiding the need of obtaining an AUSkey and having your BAS lodgement reviewed by experts. BAS Lodgement for Sole Traders, Partnerships, Companies and Trusts.
Level 1, 91 Acland Street, St Kilda, Victoria, 3182, Australia
+61 3 8899 6377
info@fourquarters.net.au
Mon-Sat: 9:00-17:00