We have helped all our clients save huge penalties and interest charges by ATO with our accurate and timely lodgements.
When it comes to BAS lodgements, there is no better choice than CleanSlate. Our team of experienced accountants are constantly up to date on all current ATO regulations.
This means that your lodgement will always be done correctly and in full compliance with the latest requirements.
In order to lodge BAS online, we have a convenient solution for every business owner. So if you're looking for a reliable and efficient BAS lodgement service, look no further than CleanSlate.
With our expertise and cutting-edge technology, we can help you to achieve the best results possible.
So why wait? Contact us today and discover the benefits of working with CleanSlate!
Let's discussExperience stress-free BAS lodgement as it's our business to take care of your business.
With our comprehensive approach, you can trust us to handle everything end-to-end from GST registration to lodgments.
We offer transparent and competitive pricing with no hidden fees or surprises and a cost effective price package.
Our user-friendly platform makes it easy for you to submit all the necessary information, allowing for a streamlined process.
You can count on us to provide timely and reliable service, ensuring that your lodgement is done correctly and on time.
Many clients appreciate having bookkeeping and tax services under one roof, while also enjoying the predictability of a fixed fee. Below is our indicative fee for a standard scope of work:
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Only bookkeeping and BAS (Does not cover tax returns, payroll and super):
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Making regular business activity statement (BAS) filings is essential for any business owner.
These reports provide information about your sales and expenses, allowing you to evaluate the financial health of your company and identify areas for improvement.
In addition, BAS reports allow you to accurately assess your tax liabilities at the end of the financial year, reducing your risk of errors and making it easier to plan ahead.
Overall, keeping on top of BAS filings is critical for all businesses looking to succeed in today's competitive marketplace.
We help you gather all of your financial records and ensure that they are accurate and up-to-date.
When it comes to ensuring the accuracy of our financial records, we take a very meticulous approach.
Missing or incorrect data can lead to compliance issues, so we help you make accurate calculations from our GST calculator.
When it comes to meeting the complex requirements of BAS, we understand that businesses need a trusted partner they can rely on.
When it comes to BAS lodgements, accuracy is critical. Any discrepancies or mistakes can lead to fines or other penalties, which can end up costing you a lot of time and money.
Working with us ensures that you will understand both BAS and IAS procedures from start to finish, with our accounting experts providing tailored advice. Our team has years of experience in this area, allowing us to reliably and efficiently handle all your tax needs.
Whether you're an individual taxpayer or part of a large organization, we have the expertise and systems in place to make sure your information is accurately captured and reported to the ATO on schedule.
So if you're looking for an experienced, reliable solution for your BAS lodgements, look no further than CleanSlate. With our commitment to accuracy and customer satisfaction, we're confident that we can deliver quality results every time.
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If you're looking for an excellent accounting and tax service, CleanSlate is definitely worth considering. The team is very professional and supportive, and the process is streamlined and efficient. Overall, I've had a great experience working with them!
Business Activity Statements (BAS): A BAS is a statement that every business must submit to the Australian Tax Office (ATO) to report their GST obligations.
Generally, a BAS comprises three components: Goods and Services Tax (GST), Pay As You Go (PAYG) withholding, and PAYG installments.
Businesses are typically required to lodge their BAS on a quarterly or annual basis.
Installment Activity Statements (IAS): The IAS is a component of the BAS reporting framework only. However, for certain large businesses, the ATO mandates more frequent reporting, and thus IAS lodgement comes into the picture.
There are two key differences: (a) BAS is lodged on a quarterly or annual basis, whereas IAS is lodged monthly; (b) BAS requires reporting on three components, i.e., GST, PAYG withholding, and PAYG installments. However, IAS focuses exclusively on PAYG withholding and PAYG installments, without including GST.
For entities also lodging quarterly BAS, GST reporting is maintained on a quarterly schedule, while PAYG withholdings and installments are reported monthly through IAS.
BAS Agent specialises in providing advice or services relating to GST and other taxes reported on the BAS.
They can help businesses prepare and lodge their BAS, manage PAYG instalments, and advise on other BAS-related obligations. BAS agents are registered professionals who have met specific qualifications and experience requirements set by the Tax Practitioners Board (TPB).
Tax Agent provides a broader range of tax services compared to BAS agents. They can assist with all aspects of tax compliance, including preparing and lodging income tax returns, providing tax advice, and handling complex tax matters.
Tax agents are also registered with the TPB and must meet higher education and experience standards than BAS agents.
The fee for preparing and lodging a BAS can vary widely depending on several factors:
More complex businesses with a higher volume of transactions may require more work and thus incur higher fees.
Monthly, quarterly, or annual lodgments can affect the fee structure.
Additional services, such as bookkeeping or payroll processing, can increase the fee.
More experienced agents or those with specialised qualifications may charge higher fees.
Fees can be charged hourly, as a fixed package fee including other accounting services.
The steps to prepare a BAS are as follows:
Use accounting software to keep up-to-date records Reconcile accounts with bank balances, record purchases and cash expenses with all supporting documents, and enter all sales data.
Record any transactions not yet entered for which you have receipts and invoices. Some software like Xero or Quickbooks can link directly to your bank to simplify this.
Use your software to run an Activity Statement or manually add up all numbers to determine your GST obligations. This helps in verifying your accounting records.
Submit your completed BAS form to the ATO by email or via the ATO portal. If using an agent or accountant, they can review, adjust, and submit on your behalf. Ensure timely payment or communicate with the ATO about your payment schedule.
Each step requires careful attention to detail to ensure compliance and accuracy in reporting to the ATO.
Generally, the due date for lodging and paying your BAS is the 21st day of the month following the end of the taxable period..
Regardless of when it is due, it is important to make sure that you have all of the necessary documentation before you start working on your BAS. This will help ensure that your return is accurate and that any tax obligations are met in a timely manner.
Regardless of managing a large business or running a small, family-owned business, it's crucial to keep track of your Business Activity Statement (BAS) submission deadlines.
When it comes to income tax in Australia, there are two main types of payment options: BAS and PAYG. BAS stands for "Business Activity Statement," which is a periodic tax report that businesses must file with the government. This form catalogs all of a business's transactions over a specific time period, such as a quarter or a year.
By contrast, PAYG, which stands for "Pay As You Go," describes the process of paying taxes on an ongoing basis throughout the year, rather than all at once at the end of the year. Check out our PAYG registration services to know in detail about it.
A BAS is a form that businesses must fill out on a regular basis in order to maintain compliance with their tax obligations. Depending on the size of one's business, the frequency of these statements can vary from one to twelve times per year.
The BAS form involves various steps and calculations, including tracking income and expenses, determining tax rates, and calculating payable or receivable amounts. In order to ensure accurate completion of the form, it is important to carefully review all information provided and consult with a tax professional if necessary.
Overall, though the BAS process may seem complex and intimidating at first, it is an essential part of any successful business.
In Australia, only authorised individuals or businesses are typically allowed to lodge BAS statements. In order to be eligible for this privilege, you must have already obtained an Australian Tax File Number and possess a valid ABNfrom the ATO.
Furthermore, you will need to have adequate knowledge of tax law and regulation in order to effectively prepare and submit these forms. If you have questions or concerns about lodging BAS statements, it is best to consult an accountant or tax professional who can help guide you through the process.
Ultimately, having the right credentials and understanding of tax law is critical in ensuring that your BAS filings are accurate and complete.
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