BAS Lodgement

Bookkeeping and Payroll

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BAS Lodgement

Managing Business Activity Statement (BAS) can be stressful and complicated. BAS is a tax reporting obligation for businesses in Australia issued by the ATO. It summarizes the taxes paid or need to be paid during a specific period. The amount and type of taxes vary depending on the size, location, and benefits offered by the company. There are mandatory and additional taxes, such as GST, FBT, PAYG income tax, tax withheld, fuel tax credits, and LCT.

Registered businesses need to lodge their BAS every month, quarter or year based on ATO’s determination. There are strict deadlines, and penalties apply if you lodge it late. It is beneficial to have an expert to manage your BAS lodgements to avoid any inaccuracies or delays.

Monthly BAS is for businesses with a GST turnover of over $20 million, quarterly BAS is generally for businesses with a GST turnover less than $20 million, and annual lodgement is for those voluntarily registered for GST and turnover is under $75,000 (or $150,000 for not-for-profit bodies).

No matter which lodgement circle you are in and how many types of taxes you are to report, contact us at JTCA to relieve the stress and avoid any penalties related to BAS lodgements.

General Ask

Can you help with tax planning and preparation?

Absolutely! Our accountancy firm specializes in comprehensive tax planning and preparation services for individuals and businesses. Our experienced team of professionals stay updated on tax laws, ensuring accurate and timely filing. We'll analyse your financial situation, identify tax-saving opportunities, and develop strategies to minimize your tax liability. Let us streamline your tax process, allowing you to focus on your financial goals and achieve peace of mind.

Contact us today for tailored tax solutions to suit your unique needs.

How do you charge for your services?

Our accountancy firm primarily operates on a fixed-fee basis, ensuring transparency and predictability for our clients. We understand that every client has unique needs, so we customize our services accordingly. In addition to fixed fees, we also offer hourly rates and monthly retainer packages when appropriate. Our initial consultation is often complimentary, allowing us to discuss your specific requirements and provide a tailored quote. This approach guarantees that you receive excellent value while maintaining full control over your budget. Contact us to schedule your free consultation and receive a personalized pricing proposal.

What software and tools do you use?

We utilize a variety of software and tools, including Xero, MYOB, QuickBooks, and Reckon, which are popular accounting platforms in Australia. As certified advisors, we not only provide expert guidance but also offer training and virtual office assistance to help businesses streamline their financial processes. Our comprehensive solutions ensure clients have access to efficient, tailored, and reliable accounting services.

How often do you communicate with clients?

At our accountancy firm, we prioritize open communication and strive to maintain frequent interactions with our clients. We understand the importance of timely responses; therefore, we make it our mission to get back to clients within 24 hours for any questions or concerns they may have. Our team believes in building strong relationships through consistent and transparent communication, ensuring our clients feel valued and well-informed throughout our partnership.