Need Some Help Getting Your BAS Prepared?
As you know, lodging your BAS is critical as a business owner, to avoid unnecessary penalties from the ATO. The longer you leave it before lodging, the higher the penalty can be.
While your business may not have the cash to pay your BAS, it’s important to still lodge your BAS on time, every time. Any interest the ATO may charge on amounts owed is vastly cheaper than the penalties for non-lodgement or late lodgement of your returns.
Your Statutory Requirements
Calculating your GST and ensuring your ATO obligations are met when lodging your Business Activity Statement (BAS) or Installment Activity Statement (IAS) can be overwhelming. Many businesses are choosing to outsource this time-consuming task to a registered BAS agent or bookkeeper.