BAS lodgement and preparation
NOBLE TAX GROUP
BAS lodgement and preparation
Bas is a tax reporting obligation for businesses issued by the Australian Taxation Office. If you are not for profit organization and your GST turnover is more than $ 75,000 per year, you need to register for BAS. If you are ride-shares, you must register for BAS irrespective of your GST turnover.
BAS is divided into six separate sections.
- GST
- PAYG Tax withheld
- PAYG Income tax installment
- FBT installment
- Summary, and
- Payment or refund?
Completing each of the above six sections is very important in BAS preparation and lodgement. There are strict due dates for the lodgement of your BAS and penalties apply if you are late to lodge.
We will analyze all your transactions on a monthly, quarterly, and yearly basis (depending upon your lodgement). Our experienced team will go through each and every section of the BAS lodgement procedure.
Please contact our team today for your BAS preparation and lodgement.