Catering Your Business Needs: Your Trusted BAS Agent Services
Running a business comes with lots of responsibilities, especially with complying with local laws and regulations in Australia. One of the crucial aspects of maintaining your business’ health is handling your Business Activity (BAS). This task can become complex and time-consuming, no matter the size of your business. That is where our ALBA Accounting Solutions comes into play. Our team of experienced BAS agents is here to ensure that your Business Activity Statements are accurate, timely, and compliant with the Australian Taxation Office (ATO) regulations.
Our BAS agents cover all the states of Australia including including Bankstown, Revesby, Padstow, and Panania.
Who is a BAS Agent?
A BAS Agent is a registered professional who specialises in preparing and lodging your BAS with the ATO. In Australia, once your business reaches a turnover of $75,000, registration for Goods and Services Tax (GST) becomes mandatory. This also requires ongoing BAS lodgement, a statement that reports your GST, PAYG (Pay As You Go) withholding, and other tax obligations. If your business turnover is below this threshold, you may choose to register for GST voluntarily, making it necessary to still lodge BAS as per your GST obligations.
The Primary Roles of a BAS Agent
GST Compliance and Lodgement
Our expert team provides detailed insights on GST calculation. We will take charge of preparing your BAS, ensuring that all transactions are reported correctly. We also help you calculate the GST payable and refundable. If you have not registered for GST yet, we can assist you in completing the registration process.
Record Keeping and Organisation
Maintaining accurate records is fundamental to successful BAS lodgement. Our BAS agent will help you establish effective record-keeping practices. We also organise receipts and invoices and categorise expenses and income correctly.
Expert Advice on Tax Reductions
Our BAS agents are well-versed in the subtleties of Australian tax law. We can provide you with tailored advice on potential tax reductions available to your business improving cash flow.
Tax Planning and Strategy
Beyond mere compliance, we can assist you in strategic tax planning. We can provide forecasts for your tax obligations based on your business performance and help you make informed financial decisions.
Communication with the ATO
Maintaining communication with the ATO can be daunting for many business owners. As your registered BAS agents, we serve as your intermediary, handling inquiries and any compliance issues directly with the ATO. You will have peace of mind as your professionals navigate the complexities of tax obligations.
How Our BAS Agent Help Your Businesses
At ALBA Accounting Solutions, we pride ourselves on delivering exceptional BAS Agent services tailored to the unique needs of your business. Our team of experienced, registered BAS Agents understands the local landscape, ensuring that your business complies efficiently and accurately with all ATO requirements. We can help your business in the following ways:
- Understanding Your Business Structure
- Registering for GST
- Preparing and Lodging BAS
- Maintaining Accurate Financial Records
- Advising on GST and Tax Obligations
- Representing Your Business
- Staying Updated with Tax Law Changes
- Identifying Opportunities for Tax Savings
- Fringe Benefits Tax (FBT) Instalments
- STP (Single Touch Payroll) Reports
- Pay As You Go (PAYG) Income Tax Instalments
- Pay As You Go (PAYG) Tax Withheld
We utilise cutting-edge accounting software to ensure that all records are up-to-date and accurate. It allows for seamless BAS preparation and lodgement. Our dedication to exceptional customer service means that we are always available to answer your questions and provide guidance, making the process as stress-free as possible for you.
With ALBA Accounting Solutions, you can rest assured that your BAS responsibilities are in good hands. Let us help you navigate the complexities of GST and BAS compliance, allowing you to concentrate on what you do best – running your business in all over Australia, especially Bankstown, Revesby, Padstow, and Panania. Reach out today for a consultation and discover how our BAS Agent services can benefit you!