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BAS Preparation Checklist

End of quarter means it’s time to submit another Business Activity Statement for your business.

These are issued by the Australian Tax Office and are essentially a facility for you to report the money that has come in and gone out of your business to cover a range of tax liabilities.

Failure to submit your BAS before the deadline will result in a fine and you are legally obliged to lodge your statement and pay what you owe. Continue reading