The BAS will report to the ATO the business revenue for the quarter and the GST on both the sales and expenses. You will either have a GST refund (if GST-related expenses are more than GST-related sales) or a GST payable (if sales exceed GST related expenses).
Also, within the BAS, is the reporting of employee wages and PAYG withholding tax. The withholding tax will be added into the GST.
If you lodge through a registered tax agent, you will get an additional 1-month to make payment which is great for business cashflow.
POP Business is a tech-focused cloud Tax accountant helping businesses around Australia. We are proudly a “paperless” accountant to limit our carbon footprint and increase the speed at which you can move your business forward.
Our experienced accountants and intuitive cloud-based software help to provide professional and more affordable services. With efficient accounting systems and effective support, you can focus on what matters most to you: running your business, saving your money, time and keeping your peace of mind.
Book your tax consultation with your tax accountant at here in Sydney today. Speak with a qualified accountant to find out how our range of accounting services can help you achieve your goals.
You may need to catch-up on your annual tax compliance, enhance your business accounting or you may want to simply reduce your tax. Tax and accounting doesn’t need to be your thing, get a professional tax accountant to take care of it for you.
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What our Customers
The Business Activity Statement (BAS) is a form submitted to the Australian Taxation Office (ATO) by registered business entities to report their tax obligations, including GST, pay as you go withholding (PAYGW), pay as you go instalments (PAYGI), fringe benefits tax (FBT), wine equalisation tax (WET) and luxury car tax (LCT).
The easiest way to lodge your BAS is with POP Business online.
You will need reconciled bank accounts to report accurate figures.
Your reporting and payment cycle will be one of the following:
Preparing and lodging your BAS can be quite complicated. Handing your BAS to an experienced accountant ensures you won’t miss any potential GST deductions or miss the BAS lodgement deadline.
Using an expert accountant also ensures your figures are accurate and you won’t get any nasty surprises if the ATO decides to audit your Statements.
POP reviews all aspects of the business to ensure your tax position is optimised.
You are only be required to lodge a BAS when you have registered for GST. GST registration is required when your business’ gross income (excluding GST of 10%) is equal to $75,000 or more. If you are a not-for-profit, the turnover requirement is $150,000.
Some industries are required to register for GST including ride-share drivers (Uber, Ola, taxi-drivers).
You can get started by simply filling out the enquiry form on this page.
You can also email firstname.lastname@example.org
The turnaround time will usually be within 10 business days.
We communicate through email and phone mostly.
You can provide user access to your online accounting software so we can get the required business transactions for the tax lodgement.
We are located in Chippendale, Sydney.
All our professional accountants are located within Australia and your work is not outsourced overseas. We ensure a high quality is maintained throughout the process.
You may need to catch up on your annual tax compliance, or get advice to enhance your business, or you may want to simply reduce your tax. Tax and accounting doesn’t need to be your thing, get a professional to take care of it for you.