BAS - PREPARATIONS & LODGEMENTS

What are Business Activity Statements (BAS)?

A business activity statement is a form submitted to the Australian Taxation Office (ATO) by GST registered business entities to report on their tax obligations. This includes:

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• GST

• PAYG Withholding

• Pay As You Go Instalments

• Fringe Benefits Tax

• Luxury Car Tax

• Wine Equalisation Tax

• Fuel Tax Credits

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Benefits of Using a Fidelis Accounting Services BAS Agents:

There are many ways to do your own BAS lodgement. However, there are many benefits to having one of our small business BAS agents do this for you:

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• Access expert advice to help with savings on taxes

• Never miss a BAS deadline

• Accurate reconciliation of all your business activity

• Safe harbour laws give you an additional level of protection for your business if mistakes are made when lodging your BAS

• Protected by code of conduct that your accountant must abide by

• Accountants are afforded additional time privileges with BAS lodgements for your business if you miss the due date

• Time savings – so that you can focus on your business