BAS/GST lodgment
Expert Assistance for BAS/GST lodgment
At Financially Up, we specialize in providing expert assistance with Business Activity Statement (BAS) lodgment and Goods and Services Tax (GST) compliance for all types of entities. Our experienced team of tax professionals understands the unique obligations and complexities associated with BAS and GST. Whether you are an individual, partnership, trust, or company, we have the expertise to simplify your compliance process. Contact us today to schedule a meeting with our experienced consultation
Why Choose Financially Up for Your BAS/GST lodgment?
Comprehensive Knowledge of BAS and GST
With years of experience in assisting clients with BAS and GST compliance, we have developed a comprehensive knowledge of the Australian Taxation Office (ATO) requirements. We stay up to date with the latest regulations and guidelines for BAS and GST, ensuring that your lodgment are accurate and in compliance with ATO requirements.
Entity-Specific Expertise
We understand that different entity types have specific GST obligations and reporting requirements. Our team has in-depth knowledge and expertise in dealing with BAS and GST for individuals, partnerships, trusts, and companies. We tailor our services to address the unique needs and complexities of your entity type, providing you with accurate and efficient BAS/GST lodgment.
Minimizing Errors and Audits
Mistakes in BAS and GST lodgment can lead to penalties, interest charges, and potential audits. Our meticulous approach to BAS and GST lodgment minimizes the risk of errors, ensuring that your submissions are accurate and complete. We conduct thorough reviews of your financial records, transactions, and GST-related activities, providing you with peace of mind and safeguarding your compliance.
Reporting Employee Salaries and Tax Withheld
In addition to GST reporting, BAS also requires the reporting of employee salaries and tax withheld for employees. Our team will ensure accurate reporting of payroll information, including salaries, wages, allowances, and deductions. We'll calculate the tax withheld for employees and include it in your BAS lodgment, ensuring compliance with ATO regulations.
Income tax Instalments (IAS)
Depending on your entity's circumstances, you may be required to pay IAS Instalments as part of your BAS lodgment. Our team will guide you through the calculation process, ensuring accurate determination of your PAYG Instalment obligations. We'll assist you in reporting and paying as required, minimizing the risk of penalties and ensuring compliance.
Penalties for Late lodgment
It's important to note that BAS lodgment has strict deadlines, and late lodgment can result in heavy penalties. The ATO imposes penalties for late or non-lodgment of BAS, and these penalties can accumulate over time. At Financially Up, we understand the significance of timely lodgment and will ensure that your BAS is lodged within the required deadlines to avoid any penalties.
Our BAS/GST lodgment Services
- Comprehensive Review and Preparation
We'll work closely with you to identify all eligible deductions and claimable expenses specific to your rental properties. By maximizing your deductions, we help you minimize your taxable rental income and increase your tax savings.
- Accurate GST Calculation and Reporting
We'll accurately calculate your GST liabilities and determine your eligibility for GST credits. Our team will guide you through the complexities of GST, including GST-free supplies, input-taxed supplies, and other GST-related considerations. We'll prepare and lodge your BAS, ensuring compliance with ATO regulations.
- Reporting Employee Salaries and Tax Withheld
Our experienced and certified team meticulously reviews every detail of your financial information, applying the latest tax laws and industry-standard practices, to ensure maximum accuracy and compliance.
- IAS Calculation and Reporting
Absolutely, we offer the flexibility to either pay upfront or directly from your tax refund, making the process convenient for you.
- Lodgment and Compliance Assistance
We strive to process tax returns swiftly, and typically, our clients receive their tax refunds within 10 working days.
- Ongoing Support and Tax Planning
We strive to process tax returns swiftly, and typically, our clients receive their tax refunds within 10 working days.
- Simplify Your BAS/GST lodgment Today
We strive to process tax returns swiftly, and typically, our clients receive their tax refunds within 10 working days.
