BUSINESS ACTIVITY STATEMENTS​

Failure to lodge a BAS on time can result in costly fines.​

Keeping on top of BAS and IAS lodgements​

Business Activity Statements (BAS) and Instalment Activity Statements (IAS) come around quickly. Getting these submitted accurately and on time is often difficult for business owners whose time is already stretched. If you’re just starting out,  the two common regular ATO reporting requirements for business are:

  • Business Activity Statement (BAS) – reports business tax obligations, including GST, Pay as You Go (PAYG) instalments, PAYG withholding and Fringe Benefits Tax. A BAS is compulsory for businesses registered for GST. You must register for GST if your business turns over more than $75,000 per year.
  • Instalment Activity Statement (IAS) – reports the amounts withheld from your employee’s wages and salaries (PAYG). The IAS form is prepared on a month to month basis. This is also included on a quarterly BAS form.

We are here to help you meet your BAS requirements​

As registered tax agents,  Saige can prepare BAS, IAS and GST reporting and lodge these for you with the ATO. We can also liaise with the ATO if there are anything preventing you from meeting your required GST payments.

This will ensure your BAS is always in on time and accurate meaning you avoid overdue lodgement penalties that can escalate quickly.  We can also provide tax planning advice so that you are better prepared each month or quarter.

Saige has experienced management accountants to help analyse and dissect your business when necessary to make informed decisions for the future of your business.

Reliable BAS lodgement with Saige

To ensure looming lodgement deadlines don’t slow down business operations, Saige provides you a reliable and diligent service to make sure you meet the reporting obligations. Speak to our team about how we can help.