If your business is registered for GST, you may be required to lodge a Business Activity Statement (BAS) with the Australian Taxation Office (ATO). BAS reporting obligations vary depending on your business activities, GST registration and business circumstances.

Timely BAS lodgements and accurate reporting are important in helping businesses meet their taxation obligations and reduce the risk of unnecessary penalties and interest charges from the ATO.

Depending on your business circumstances, a BAS may include reporting of:

·        Goods and Services Tax (GST)

·        PAYG instalments

·        PAYG withholding

·        Fringe Benefits Tax (FBT instalments)

·        Fuel Tax Credits (FTC)

At NEXO Accounting, we assist businesses with the preparation and lodgement of BAS to help ensure reporting is completed accurately and on time.

Our BAS Services Include

·        Bookkeeping support

·        Bank reconciliations

·        GST and PAYG withholding calculations

·        Preparation of Business Activity Statements (BAS)

·        Lodgement of BAS with the ATO

Who We Assist

We assist a range of businesses with BAS preparation and lodgement, including:

·        Sole traders

·        Companies

·        Trusts

·        Partnerships

·        Small and growing businesses across a range of industries

Whether you are newly registered for GST or require ongoing BAS support, we can assist you in understanding your BAS reporting and lodgement obligations.

Behind on BAS Lodgements?

If your BAS lodgements are overdue or you have outstanding GST obligations, we can assist in reviewing your reporting requirements and help you become up to date with your lodgement obligations.

BAS Due Dates (Quarterly)

·        July – September: 28 October

·        October – December: 28 February

·        January – March: 28 April

·        April – June: 28 July

We aim to assist businesses with accurate and timely BAS reporting to help meet ATO compliance obligations.

If you would like assistance with your BAS obligations or would like to discuss your circumstances, please contact us on 0405 735 555 or email us at rs@nexoaccounting.com.au and we will be happy to assist you.