Expert BAS & IAS Melbourne Services
The Business Activity Statement (BAS) is a form submitted to the Australian Taxation Office by all businesses to report their taxation obligations. Before the business start completing the BAS, make sure it is registered for GST. Keep your business running smoothly and avoid unnecessary problems, by asking us about our BAS & IAS Melbourne services. With offices across metropolitan and suburban Melbourne, our expert Accountants can provide your business with reliable and cost-effective solutions. We can even complete your tax!
Statements are usually issued quarterly and it can be reported at different frequencies depending on business structure and income. Some tax obligations such as GST can be reported annually, subject to eligibility criteria being met. Your BAS may need to include GST, PAYG Withholdings and Instalments, Fringe Benefits Tax, Luxury Car Tax, Wine Equalisation Tax and Fuel Tax Credits.
The Instalment Activity Statements (IAS) are used to report and pay the amounts withheld from your employee’s wages and salaries. Pay As You Go (PAYG) tax withheld calculation for businesses can be prepared by Bookkeeping Pros. The IAS form is prepared on monthly basis; this is also included on your quarterly BAS form.
The Tax Office sends the IAS to taxpayers before they need to lodge it. The statement is personalised, with some parts already completed to save the taxpayer time and effort.