Business Activity Statement (BAS)

Business Activity Statement (BAS)

Business Activity Statement (BAS) specialists

If you need help preparing and submitting your business activity statement (BAS) at the end of each reporting period, a tax specialist at Lotus Smart can guide you through each step and ensure the process is completed successfully. When you book our services, you can rest assured that nothing will be overlooked and that your company will have a good compliance history with the ATO.

What is a BAS?

A BAS is a return prepped and submitted to the Australian Taxation Office for registered businesses to report and pay their tax obligations. This includes the goods and services tax (GST), Pay as You Go (PAYG) instalments, PAYG withholding tax (PAYGW), fringe benefits tax, and other taxes. An employer responsible for managing employee income tax obligations must complete a BAS. These forms are tailor-made for the business entity and can be submitted via physical or electronic means.

How to Do a Business Activity Statement?

Whether you intend to lodge a monthly business activity statement or a quarterly business activity statement, it’s important to make sure that the BAS is prepared and filed accurately and correctly. Making adjustments or fixing mistakes can be a hassle. Fortunately, our advisory firm has earned a strong reputation for assisting personal and business clients alike with these matters. We can ensure your obligations are corroborated with your books and your tax obligations are reported accurately with ATO.

Speak to Our BAS Accountants Today

When the time comes to prepare and lodge an ATO Business Activity Statement, you can count on the dedicated accountants at Lotus Smart to ensure you fulfil your obligations and achieve the best possible outcome. We operate throughout metropolitan Melbourne and beyond, including:

  • North Melbourne
  • South Melbourne
  • Essendon
  • Clayton
  • Blackburn
  • Bendigo
  • Geelong

Check out our contact page for more details about how you can get in touch with us to make a booking or submit an enquiry.

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