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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

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What Does BAS Stand For?

Business Activity Statements (BAS) are a source of anxiety for many modern business owners.

That stress only gets worse if you have not been keeping accurate records of your business finances and putting money aside to pay for it when it is due.

Any business that is registered for Goods and Services Tax (GST) is required to lodge a BAS. Continue reading