Want to securely carry out your business activities, without getting into the complexities of GST reporting and lodgment, then our BAS services are there for you. BAS or Business Activity Statements is a statement issued by the Australian taxation office periodically for continuing tax check. With our services, you can ensure your tax obligations efficiently as well as beneficially.
The Business Activity Statement is a document, which is essential for businesses in order to comply with taxation requirements. This statement is issued by the Australian Taxation Office on a periodic basis for assessing taxation obligations and further carrying out reporting. The taxes to be paid from this document include GST, PAYG instalments, FBT instalments etc.
A company's tax obligations rely on the type of BAS form it receives. Moreover, the form will be granted to the company on the roles it performs or the consisting tax liabilities. The period of BAS is usually a quarterly one and the income and structure of the business may affect the frequency of roles and it's reporting. All the taxes or roles are not required to be paid or reported periodically. The list of taxes include,
- GST
- Instalments of PAYG
- Overall Income including accrual and non-accrual cash
- Withheld PAYG
- Tax on Luxury Car
- Instalment of fringe benefit taxes
- Fuel Tax credits
- Tax on wine equalization