BAS Lodgement
Looking to make
BAS lodgement a breeze for your small business? Look no further than your dedicated
BAS agent at Profit Services! A
BAS, or
Business Activity Statement, is a key document that small businesses in Australia need to submit to the Australian Taxation Office (ATO) to report and pay their taxes. Keeping track of your
BAS due dates
is crucial to avoid any late fees or penalties, but don't worry – we've got you covered.
Why Choose Our BAS Agent Online Services?
Achieving success in business requires more than just managing financial obligations; it demands a proactive approach to meeting tax requirements, such as the Instalment Activity Statement (IAS) and lodging BAS (Business Activity Statement).
Profit Services is a
registered BAS agent, so we can submit your
BAS online through the ATO's online portal. Our team of experts is here to help you every step of the way, whether you need assistance with
BAS statements, payments, or lodgement dates. Not sure how to lodge your BAS? No problem – we'll guide you through the process with ease.
When is BAS Due?
Registered businesses may need to lodge their
BAS statement monthly, quarterly, or annually, and it's important to meet the strict due dates to avoid penalties. The ATO sets the
BAS lodgment dates, and accuracy and timeliness are crucial to avoid penalties. To make sure everything is done correctly and on time, consider getting expert assistance from professionals like Profit Services.
Quarterly Reporting
| Quarter | Due Date |
|---|---|
| 1. July, August and September | 28 October |
| 2. October, November and December | 28 February |
| 3. January, February and March | 28 April |
| 4. April, May and June | 28 July |
Monthly Reporting
The due date to lodge BAS online and pay is the 21st day of the month following the end of the taxable period. For instance, if you have a July monthly BAS, it's due on 21 August.
If your GST turnover is $20 million or more, you'll need to report and pay GST monthly and submit your activity statements online.
Cash Flow Analysis
The due date for an
ATO BAS lodgement is 31 October. If you are not required to lodge a tax return, the due date for your BAS is 28 February following the annual tax period. Remember, accuracy and timeliness are key to avoid penalties, so feel free to reach out if you have any questions or need further assistance!
What are the Benefits of Outsourcing BAS Lodgements?
Outsourcing your BAS lodgements to a BAS accountant like Profit Services can offer several benefits.
- Enhanced Efficiency - Save your time and effort by leaving the task to professionals who are well-versed in tax regulations and compliance requirements. This can also help prevent costly mistakes and ensure your BAS payment is done accurately and on time.
- Financial Processes Optimisation- Outsourcing can help streamline your financial processes, freeing up your resources to focus on other aspects of your business.
- Access experienced BAS agents for expert advice and support to help you navigate complex tax situations and optimise your tax outcomes.
- Compliance Assurance -
Stay compliant with ATO regulations and avoid penalties with our reliable
BAS agent services,
ensuring timely lodgements and peace of mind.