Our Bookkeeping ServicesStress-Free BAS Services For Small Businesses
The Business Activity Statement - more commonly known as BAS - is a form submitted by businesses to the Australian Taxation Office (ATO) to report and pay various taxes, including GST. For small businesses, BAS requires you to report on sales, purchases, and any other tax-related transactions. It essentially demonstrates that you are fulfilling your tax obligations, including GST.
It’s critical that small businesses complete and submit their BAS on time every quarter to avoid penalties and ensure they’re being compliant with Australian tax regulations. That’s where we come in…
Why Outsource To A Registered BAS Agent?
Token Bookkeeping is a team of registered BAS agents, trained with ninja-like skills and expertise in tax and financial matters.
When you choose to partner with Token Bookkeeping, you're enlisting the expertise of a qualified professional dedicated to safeguarding your business's compliance with tax obligations and Australian regulations.
There are so many reasons to outsource your BAS to a registered agent like Token Bookkeeping.
We will…
Give you back valuable time to focus on your business
Reduce your chance of making errors that could lead to discrepancies or audit issues
Save costs compared to hiring a bookkeeper on your staff
Alleviate the stress that can come with keeping on top of tax laws and regulations
How We Can Help With Your BAS Preparation & Lodgement
Token Bookkeeping can help with an array of BAS services. Essentially, anything that is involved in BAS, we can do!
Services include:
BAS preparation
BAS lodgement
BAS reporting
Managing BAS payments
BAS Lodgement FAQs
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BAS stands for a Business Activity Statement, and is a form used for reporting and paying a range of taxes, includin the Goods and Services Tax (GST), Pay As You Go (PAYG) withholding tax, and fringe benefits tax.
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A BAS agent is a registered professional authorised to provide BAS services.
Engaging a registered BAS agent ensures your business benefits from expert knowledge, stays up-to-date with ever-changing tax regulations, and minimises the risk of errors, providing a reliable and efficient solution for your financial compliance needs.
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In Australia, the due dates for Business Activity Statements (BAS) depend on your reporting method. Generally, the due dates are as follows:
Quarterly Reporting:
October 28 (for July to September)
February 28 (for October to December)
April 28 (for January to March)
July 28 (for April to June)Monthly Reporting:
The 21st day of the following month.
It's essential to check with the Australian Taxation Office (ATO) or your registered tax professional for specific dates, as they can sometimes vary or be extended based on individual circumstances or public holidays.
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Pay As You Go (PAYG) withholding payments are also due quarterly, consistent with the BAS due dates.
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A registered BAS agent like Token Bookkeeping can assist with preparing your BAS statements. But essentially, to prepare a BAS statement you need to collate records of your transactions, including sales, purchases, and other financial details. You will use these records to complete the BAS form.
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BAS can be lodged online through the Business Portal on the ATO website. If you use a registered BAS agent like Token Bookkeeping, or accounting software like Xero, this will streamline the process and ensure you are complying with your obligations.