• Nathan Ray

What is a BAS? Business Activity Statements Explained.

Updated: Feb 3, 2021

Most small businesses and some individuals will need to submit a Business Activity Statement.

Business Activity Statement

Small business with a turnover of $75,000 or over are required to register for GST and submit a Business Activity Statement either Monthly, Quarterly or Annually. For small business that have a turnover of less than $75,000 can voluntarily register for GST ad PAYG Withholding.

If you are a small business that does not need to submit a GST report and you have employees you will need to submit a PAYG Withholding form Either Monthly or Quarterly.

PAYG Instalments are different to the tax you withhold from your employees.

We are Tax Agents that offer an affordable BAS services that are efficient and compliant with the ATO’s standards.

We keep you up to date and make sure your reports are submitted on time

If you feel as though the PAYG Instalments that you are paying is too much then get in contact with us and we can assess whether or not it can be adjusted

#BusinessActivityStatement #SmallBusinessBrisbane

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