BAS Preparation

The business activity statement (BAS) is a tax reporting requirement for businesses issued by us on either a monthly or quarterly basis. It's used for reporting and paying goods and services tax (GST), pay as you go (PAYG) instalments, PAYG withholding tax and other tax obligations.

When you register for an Australian business number (ABN) and GST, we will automatically send you a BAS when it is time to lodge.

All businesses registered for GST are required to lodge a BAS by the due date.

Your BAS is how you report and pay business taxes and obligations to the Australian Taxation Office (ATO) including:

• goods and services tax (GST)
• pay as you go withholding (PAYGW) if you have employees
• pay as you go (PAYG) instalments
• wine equalisation tax
• fuel tax credits
• luxury car tax

If you need to complete a BAS the ATO will send it to you either monthly or quarterly, depending on what you registered for when you applied for your ABN.

Contact Allen Consultants and find out more about our full range of BAS preparation services.