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 lodgements are accurate and in compliance with ATO requirements.

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 lodgement.

Mistakes in BAS and GST lodgement can lead to penalties, interest charges, and potential audits. Our meticulous approach to BAS and GST lodgement 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.

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 lodgement, ensuring compliance with ATO regulations.

Depending on your entity's circumstances, you may be required to pay IAS Instalments as part of your BAS lodgement. 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.

It's important to note that BAS lodgement has strict deadlines, and late lodgement can result in heavy penalties. The ATO imposes penalties for late or non-lodgement of BAS, and these penalties can accumulate over time. At Financially Up, we understand the significance of timely lodgement and will ensure that your BAS is lodged within the required deadlines to avoid any penalties.