BAS

Browse our resources covering all things relating to Business Activity Statements and the roles and responsibilities of BAS agents.

Accounting & Compliance: What is Compliance in Accounting?

December 31, 2024 Accounting Blogs, BAS Comments Off on Accounting & Compliance: What is Compliance in Accounting?
Accountant explaining what is compliance in accounting

What is compliance in accounting? It refers to the practice of ensuring a business meets all legal, regulatory, and financial reporting obligations. This includes accurate record-keeping, timely tax payments, and adherence to Australian accounting standards. Compliance accounting safeguards businesses from fines, legal issues, and reputational damage by promoting transparency and accountability.

In Australia, compliance is not just a legal requirement but also a foundation for sustainable business growth. Companies must follow guidelines set by authorities like the Australian Taxation Office (ATO) and the Australian Accounting Standards Board (AASB) to maintain integrity and avoid penalties.

To help you ensure your compliance, our business accountants in Perth have prepared this helpful, simplified guide.

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Can a Bookkeeper Lodge BAS?

September 27, 2024 BAS, Bookkeeping Comments Off on Can a Bookkeeper Lodge BAS?
Bookkeepers discussing BAS

As a business owner, you might wonder, can a bookkeeper lodge BAS (Business Activity Statements) on your behalf?

The short answer is yes—but there are specific conditions and regulations involved. Understanding these can help you make informed decisions about managing your financial obligations.

For professional assistance, our experienced bookkeepers in Perth are here to guide you through the process.

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What is a BAS Agent and How Do They Help?

November 28, 2023 BAS Comments Off on What is a BAS Agent and How Do They Help?
BAS agent sitting at a desk with a client

Effective financial management is pivotal for business success, and an integral part of this is understanding the role of a Business Activity Statement (BAS) professional.

BAS agents play a significant role in business finance, advising or representing businesses in areas such as the Goods and Services Tax (GST), payroll, and other tax-related matters.

In this blog, I’ve explained everything you need to know about the role of a BAS professional, as well as their responsibilities, qualifications, and the benefits of using their services.

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When is BAS Due in 2023-2024?

October 3, 2023 BAS Comments Off on When is BAS Due in 2023-2024?
Accountant looking at business activity statements

One of the most common questions I hear from business owners – and one of the most common questions any business accountants receive – is simply: when is BAS due? So, I am here to walk you through everything you need to know about BAS, including how to pay BAS, lodging BAS, BAS due dates, avoiding late payments, what to do if you make mistakes, and more.

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