All Goods and Services Tax (GST) registered businesses in Australia are compulsorily required to lodge a BAS Australia tax every year. The BAS agent Perth helps you furnish and produce fair BAS accounting for your business. BAS is also popularly called the Business Activity Statement. With the help of a BAS accountant and BAS statement, a business owner can fairly report and pay GST for their business for a financial year, pay as you go (PAYG) instalments, the tax for PAYG withholding and any other related levies. The moment a business is registered for an Australian Business Number (ABN) and GST, they are automatically sent a BAS at the time of lodgement.
The BAS accountant is of great help in lodging a BAS tax return for businesses. A BAS is required to be lodged monthly, quarterly or annually. The BAS agent helps you strictly adhere to the due date for the lodgement of the BAS tax for the required period. An accountant can be hired in Perth for regular updates on any change in compliance norms for the BAS return.
Every business successfully registered and having an annual turnover of at least $75,000 – $150,000 in the case of not-for-profit bodies – is required to lodge their BAS tax return at least once in a year. This can also be done on a monthly or quarterly basis. Accountant Perth WA has a team of highly experienced BAS tax agents who are ideally equipped to present your BAS accounting statement to ATO on time.
Registering the business under BAS compliances makes the lodgement of the BAS Australia tax compulsory. Therefore, it is important to note that a business is not exempt from lodging a BAS tax return even if there is a drop in turnover. But there is a way out. A business can get their registration cancelled to stop lodging the BAS tax return.
Although BAS tax can be lodged online, it is recommended that an expert BAS agent may be ideal to produce a fair and transparent accounting statement.
To be among the businesses that produce most up to date and fair BAS tax return lodgement to the Australian Taxation Office (ATO), get assisted by the Accountant Perth WA team of certified BAS agents.
Since the assessment and lodgement of the BAS tax return is a regular and ongoing process, it requires the guidance of an expert for a fair and transparent BAS accounting.
The following reasons depict the benefits of hiring a BAS accountant:
The best BAS accounting services in Perth are at your service with Tax Accountant Perth. Should you have a query or are facing difficulty in understanding compliance norms, reach out our BAS agent at the earliest.