(02) 4046 1000
Newcastle BAS Agents
Activity Statements are a method to remit your tax liabilities such as Goods and Services Tax (GST), PAYG Withheld (PAYGW), PAYG Instalments (PAYGI) to the Australian Taxation Office.
Depending on your annual turnover and amount of PAYG Withheld you may need to report monthly or quarterly through Business Activity Statements (BAS) or Instalment Activity Statements. You may need to lodge a combination of both BAS and IAS. Penalties and interest may apply to late payments or errors within your activity statements.
If your business makes payments to contractors or subcontractors from certain industries including building and construction and cleaning services, you may also need to lodge a Taxable Payments Annual Report (TPAR). TPAR is designed to eliminate dishonest operations which create an unfair advantage over others. If you are required to report TPAR you must declare each contractors ABN, name, contact information and the gross amount paid to each contractor for the financial year by August 28th each year.
BAS and a whole lot more!
Balanced Beans is a Registered Tax Agent with the Tax Practitioners Board. This registration gives us the authority to complete BAS Services including:
- Business Activity Statements (BAS)
- Instalment Activity Statements (IAS)
- Taxable Payments Annal Report (TPAR)
- ABN Applications and updates
- GST and PAYG Withholding applications and updates
- PAYG Withholding Obligations including income statements
- Superannuation Obligations including SGC Liability and statements
- ATO Integrated Payment Arrangements as an authorised contact
- JobMaker Hiring Credit
Overwhelmed?
Thinking where will I find the time to do this? Let the experienced Newcastle bookkeeping and tax agent team at Balanced Beans take the hassle out of your business reporting obligations .
Why use a registered TAX or BAS Agent?
The main reason to use a qualified Registered Agent is simple. Australian tax law can be complicated!
Registered Tax and BAS agents, like us at Balanced Beans, have the thorough knowledge and experience to deal with even the most complex of cases. We are in direct contact with the ATO to ensure all our clients are on top of all tax-related updates.
But wait! Need another reason? Balanced Beans can take advantage of the Agent lodgement program. This means that when Balanced Beans lodge your Business Activity statements through their portal you have an extra month to lodge and pay your January to March, April to June and July to September Business Activity Statements.
Remember that only Tax or BAS Agents registered with the Tax Practitioner Board have the right to charge a fee to prepare and lodge Activity Statements on your behalf.
Contact Balanced Beans
Contact us for a confidential chat about how we can make lodging your BAS and associated taxation requirements stress-free.