BAS Lodgement Services
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A Business Activity Statement (BAS) is a regular report that most businesses in Australia must lodge with the Australian Taxation Office. If your business is a GST registered business, you’ll need to report and pay your goods and services tax, PAYG withholding, and other applicable taxes through your BAS. Lodging your business activity statement accurately and on time helps you stay compliant with ATO requirements, manage your tax obligations, and keep track of what you owe or are owed each reporting period.
Why Choose ACT Tax Group for BAS Lodgement
Simplify Your BAS Lodgement
We take the stress out of BAS preparation and lodgement so you can focus on running your business. Whether you're a sole trader or a small business with growing annual turnover, we handle the details and make the process straightforward. We use accounting software to keep your financial records organised.
Expert Registered BAS Agent Support
As a registered BAS agent and registered tax agent, we understand the obligations that come with being a GST registered business. We guide you through each step. Our team knows what small businesses need and makes sure your BAS statement is lodged correctly and on time, every quarter.
Manage Your Cash Flow Better
By lodging your BAS on time and accurately, you can claim GST refunds on eligible purchases and keep track of tax invoices more easily. We help you understand what you owe and when payment is due, to help you plan for your BAS payments. Better financial planning means you stay in control of your business's income and payments throughout the year.
Improve Your Cash Flow
Lodging your BAS accurately and on time means you can claim GST refunds on eligible purchases, keep track of tax invoices easily, and stay on top of what you owe. We help you plan for BAS payments, optimise your cash flow, and maintain clear and accurate records, so you’re always prepared for your next tax return.
Why Set Up BAS Lodgement With Us?
If your business reaches the applicable GST turnover threshold or has other tax obligations, lodging a business activity statement is an ATO requirement. Whether you lodge monthly, quarterly, or annually depends on your business size and reporting needs. Most small businesses report quarterly. BAS Lodgement is essential if you are:
- Business owners with a GST registered business reporting goods and services tax each quarter.
- Sole traders managing PAYG withholding obligations or PAYG instalments.
- Businesses tracking Wine Equalisation Tax, Luxury Car Tax, or Fuel Tax credits.
- Any business required by the ATO to report your business activities and make payments on a regular basis.
Your BAS statement is how you report all applicable taxes to the ATO and claim GST refunds on eligible expenses. Lodging on your BAS deadline keeps your records with the ATO current and makes your tax return easier to prepare at the end of the financial year.
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Benefits of BAS Lodgment
Stay Compliant and Avoid Penalties
Lodging your business activity statement on time means you meet your ATO obligations and help you meet lodgement deadlines and reduce the risk of penalties. A registered BAS agent can help ensure your BAS statement is accurate and submitted by the due date every quarter.
Claim What You're Owed
By reporting your purchases and sales accurately, you can claim GST refunds on eligible business expenses. Keeping your tax invoices and financial records organised makes this process simple and helps you maximise eligible claims in compliance with ATO.
Better Financial Planning
Knowing exactly what you owe each quarter helps you plan your payments and manage your cash flow. Whether you need a payment plan or want to pay in full, understanding your BAS payment obligations puts you in control.
Protect Your Assets Today
Optimising Your BAS Lodgement
Keep your accounting software up to date throughout each quarter. Record all your sales, purchases, and tax invoices so you have a clear picture of your business’s transactions. If you discover an error in a past BAS, we can help you determine whether to correct it in your current BAS or lodge a revision. Amendments are subject to ATO review and time limits, and we’ll ensure your revision is prepared accurately and meets all lodgement requirements.
What to Do Next
Contact ACT Tax Group to arrange your next Business Activity Statement lodgment. Whether you’re setting up BAS lodgment for the first time or want to streamline your current process, we’ll provide support to lodge your BAS accurately and on time. Reach out today for a consultation about your BAS obligations and how we can help you stay on top of your reporting requirements.
Frequently Asked Questions
What is a BAS and who needs to lodge it?
A Business Activity Statement is a regular report for businesses and sole traders that are registered for GST or have other tax obligations. If your business’s annual turnover is above the applicable GST threshold, you must lodge a BAS. This is how you report and pay goods and services tax, PAYG withholding, wine equalisation tax, luxury car tax, fuel tax credits, and fringe benefits tax to the Australian Taxation Office.
When is my BAS due?
Your BAS deadline depends on whether you report monthly, quarterly, or annually. Most small businesses lodge quarterly BAS, with due dates usually on the 28th of October, February, April, and July. If you lodge monthly, your payment due date is typically the 21st of the following month. Check the ATO website or your myGov account to confirm your specific BAS due dates.
What happens if I lodge late or make a mistake?
If you lodge your BAS after the due date, the ATO may apply penalties. It’s important to lodge accurately and on time. If you make an error, you can lodge an amended business activity statement or contact a registered BAS agent for help. Keep your financial records and tax invoices organised so corrections are easy to make.
What if I make a mistake on my BAS?
If you make a mistake on a lodged BAS, some errors can be fixed in your next BAS, while others need a revision of the original BAS. We can help you correct the issue according to ATO rules and time limits. The ATO reviews all amendments, so their acceptance isn’t automatic, but we guide you through the process to help you stay compliant.
Important Disclaimer
The information contained on this website is provided for general use only. It has been prepared without consideration of any individual’s personal objectives, financial situation, or needs. Any reliance placed on the material is at the reader’s own risk.
Nothing on this website should be taken as taxation, accounting, or legal advice. ACT Tax Group Pty Ltd, its directors, and employees expressly disclaim all liability for any loss, damage, cost, or expense incurred by any person who relies, wholly or partly, on the information provided.
Tax legislation, rulings, and regulatory requirements may change at any time, and their application will vary depending on specific circumstances. You should seek independent, professional advice from a registered tax agent or qualified adviser before making decisions based on this information.
Have Questions?
Contact Us Today!
If you’d like more information about BAS lodgement or need support with your business activity statement, reach out to ACT Tax Group. Our registered BAS agents are ready to help you lodge your BAS accurately, stay organised, and manage your ATO obligations with confidence.