If your business is registered for GST, you will generally need to report GST and other relevant amounts to the Australian Taxation Office through a Business Activity Statement.
The figures reported on your BAS come from your accounting records.
That's why good bookkeeping and correct GST treatment are so important.
Why Does It Matter?
BAS isn't something you want to discover at the last minute.
Keeping your records current helps you understand:
how much GST you've collected
how much GST you may be able to claim
PAYG withholding amounts
PAYG instalments where applicable
what you may need to pay to the ATO.
It can also help you plan your cash flow instead of being surprised when a payment becomes due.
Who Is This Service For?
Our BAS & GST services may suit:
sole traders
companies
trusts
partnerships
GST-registered businesses
businesses employing staff
businesses needing help getting their BAS records organised.
How SKC Accounting Can Help
Depending on your circumstances, assistance may include:
reviewing bookkeeping records
BAS preparation
GST review
PAYG withholding reporting
PAYG instalment reporting
identifying transactions requiring attention
BAS adjustments where appropriate
GST registration support
explaining what the BAS figures mean.
Where BAS services are required to be provided or lodged under applicable registration arrangements, we will ensure the appropriate professional arrangements are followed.
Common Questions
Can't find your question? Email us.
How often will I lodge a BAS?
That depends on your circumstances and reporting cycle. Many small businesses report quarterly, although monthly and annual reporting can also apply.
What if my bookkeeping isn't ready?
We can first look at the accounting records and identify what needs to be completed or corrected.
Can you explain why I owe the ATO money?
Yes. We believe understanding the figures is important. We can explain the main amounts making up the BAS and where they have come from.
Continue Learning
Understanding BAS — What Am I Actually Reporting and Paying?
Do I Need to Register for GST?
How Much Should I Put Aside for BAS and Tax?
GST Collected Isn't Really My Money — So How Should I Manage It?
Service Delivery Disclosure
SKC Accounting Financial & Advisory Services Pty Ltd trading as SKC Accounting is a licensee of Platinum Accounting Australia Pty Ltd (Platinum). Platinum is a Registered Tax Agent (Tax Agent No. 24683431). Tax agent services, including the preparation, review and lodgement of tax returns, and BAS/GST services requiring registered-agent authority, are provided through Platinum under the applicable engagement arrangements. For more information, please visit Platinum Accounting Australia.
Let’s Talk About Your Business
A useful first conversation starts with what your business does, what is creating pressure and what you would like to improve. Book a Complimentary Initial Consultation to discuss the support that may suit your circumstances.