Tag Archives: BAS

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So you have an awesome bookkeeper who keeps your business accounts super organised. S/he keeps on top of slow paying customers, reminds you to pay your bills, provides some pretty slick-looking reports and has those boring conversations with your accountant that you always avoid. Sounds like you’re onto a winner – good for you! Now […]

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Okay so who fancies a Quick-e? Now come on, pick your jaw off the ground – I’m not talking about one of “those” quickies, I’m talking about our new mini email newsletter format which we are calling “Quick-e’s”. These mini newsletters are specifically for our clients although others can certainly subscribe if they wish. So […]

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This is the final part in a three-part blog series about Business Activity Statement (BAS) labels and what they all mean. You can read part 1 which covers labels for Goods and Services Tax (the “G” labels) and part 2 which looks at PAYG (the “W” labels) in your leisure. Part 3 of the series […]

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Welcome to part 2 of my 3-part blog about Business Activity Statement (BAS) labels. In part 1, I covered the “G” labels which are all used to report Goods and Services activities for GST registered businesses. In today’s blog, I will look at pay as you go income tax instalment (PAYG ITI) labels and pay […]

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The Business Activity Statement (BAS) has been around now for 14 years. You would think that would be enough time for us all to get our heads around its various sections and labels. Unfortunately, many of us are still perplexed by the BAS and the Tax Office report that they still see many erroneous BAS […]

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BAS Agents are now a very important part of the tax compliance landscape. They have been floating around since 2010 when the first group of agents became registered with the Tax Practitioners Board (TPB) after the passing down of TASA 2009. TASA 2009 is legislation that makes it illegal for anyone to charge a fee […]

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Thankfully GST tax codes aren’t as complicated as actual computer coding as shown in our feature image here! What can be complicated (and confusing) however, is the way the major accounting software providers display their tax codes. If you are a BAS/Tax Agent or bookkeeper you probably have to work with more than one software so […]

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So the BAS lodgement date came and went and you didn’t get around to lodging your BAS – what happens now? The Australian Tax Office (ATO) doesn’t look favorably on this behaviour. If they see fit, you may just find yourself having to pay late lodgement penalties. What are these penalties and how much will […]

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At the moment I’m regularly losing sleep over something that happens quite a bit in our practice. It’s something that really worries me to the point that I almost wasn’t going to write this post because I know that some will frown upon us when they read it. Anyway here goes nothing, here’s the problem:

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Here at e-BAS Accounts we do everything via systems and checklists. When we process a client’s BAS we use our “BAS Preparation Checklist”. Using the checklist ensures that we never miss a thing! Today we are sharing the checklist with you – it’s free to download! Enjoy!

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