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In 2024, the cost of an accountant in Australia is more than a financial consideration for small business owners; it’s a strategic decision. While you might be tempted to go for the lowest quote, remember that expertise and reliability can save you money and headaches in the long run. The right accountant will offer more […]
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Understanding the ins and outs of Business Activity Statement (BAS) taxes can feel like trying to diffuse a bomb. The wires are confusing, the clock is ticking, and one wrong move can be costly! Take a deep breath- this guide is your bomb squad! We’ll walk you through how to calculate BAS tax for your
How To Calculate BAS Taxes (Learn How Much You May Owe) Read More »
As of June 2023, Australia is home to nearly 2.6 million actively trading businesses. A significant number of those businesses are subject to Business Activity Statement reporting. Think about it: that’s millions of “scorecards” the ATO needs to track to keep the game fair and square. Why? To make sure everyone contributes their fair share
How To Do a BAS Statement in 11 Steps – A Complete Guide Read More »
In the 2022-2023 fiscal year, the Australian Tax Office (ATO) collected over $80 billion in GST revenue alone. Clearly, BAS payments are a significant part of Australia’s economic landscape. Paying Business Activity Statements (BAS) correctly and on time is non-negotiable for business owners. It’s not just about avoiding penalties; it’s also about maintaining compliance and
How To Pay BAS – A Step-by-Step Guide Read More »
If you’re a business owner in Australia, you’re no stranger to the Business Activity Statement (BAS). But do you understand what taxes you’re obligated to pay after filing your BAS? BAS is not just a formality; it’s a roadmap to your fiscal responsibilities.
What Is BAS Tax? A Guide to Some Taxes You May Owe After BAS Read More »
Navigating the labyrinth of financial obligations as a business owner can be complex. But have faith in yourself! You’ve built your business from the ground up; mastering the essential administrative task of BAS is just another milestone on your journey. Business Activity Statements (BAS) are documents that tell the Australian Tax Office (ATO) what you
How To Lodge a BAS: Online & by Mail Read More »
When managing your business, dealing with finances and taxes can sometimes feel like deciphering a foreign language. We’re here to demystify one crucial term you might encounter- BAS. What is a BAS? If your business meets certain requirements, you must submit a Business Activity Statement to the Australian Taxation Office (ATO) to report related tax
What Is a BAS (Business Activity Statement)? Read More »
A Business Activity Statement (BAS) is a form submitted quarterly to the Australian Taxation Office (ATO) by businesses registered for GST to report and pay their tax obligations.
What Is a Business Activity Statement (BAS) & Other Answers About BAS Forms Read More »
As a business owner in Australia, understanding your tax obligations and ensuring compliance can be complex and time-consuming. A Business Activity Statement (BAS) agent can provide valuable assistance and take the stress out of lodging your BAS.
What Is a BAS Agent? A Quick Guide for Business Owners Read More »
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
What Does BAS Stand For? Read More »
