BAS IAS & PAYG/W

Completing your BAS need not be as complicated as you think…and when you do as many BAS lodgements as we do, you get very good at it! Even if you are late lodging your BAS for GST or PAYG, we can help you catch up and then get ahead.

Every quarter (or every month if you are a larger business or annually if you are a very small business) you have to lodge a Business Activity Statement (BAS) with the tax office. This is the single form that you fill in, either on paper or online, and return to the Australian Taxation Office to report your obligations and entitlements regarding:

Goods & Services Tax – GST

Pay As You Go (PAYG) withholding

PAYG instalments

Deferred company tax

Fringe benefits tax instalments

Wine equalisation tax

Luxury car tax

We put together all your transactions for the quarter, monthly or annually as the circumstance dictate and prepare a summary BAS for your review.
We then carefully examine the records, ensuring all GST input credits are recorded before preparing a final Business Activity Statement. At this point then we can either lodge it for you or you can lodge your BAS.

Here at Connolly's Accounting Serviceswe pride ourselves on our long term relations with our clients and we are keen to work with you too…we specialise in small business accounting and small business taxation. Contact us today on [03] 5862 1224 or make an online enquiry either by e-mail or Skype for that important initial consultation.