BAS Agent

BAS Agent Services

Why do I need a bas agent?

Businesses are required to lodge a business activity statement (BAS) to report and pay a number of tax obligations, including GST, pay as you go (PAYG) instalments, PAYG withholding and fringe benefits tax.

  • Business Activity Statement (BAS/PAYG) preparation

  • Installment Activity Statement (IAS/PAYG) preparation

  • Hassle-free electronic lodgment using the ATO Business Portal
  • Electronic lodgement and payment of BAS and IAS up to 2 weeks later than paper lodgment saves you the hassle of posting paper BAS forms and mailing cheques. Would it be of benefit for your business to have an additional two weeks each quarter to submit your BAS? Knowing what your business can legitimately claim means you will avoid paying too much GST.

    Registered BAS Agent

    Registered bas agent

    Recent changes to government legislation state that anyone providing BAS services for a fee needs to be registered as a BAS Agent with the Tax Practitioners Board.

    To comply with the new legislation changes, a bookkeeper is required to have a minimum of 1400 hours experience and a minimum qualification of a certificate IV Financial Services (Accounting) or a certificate IV Financial Services (Bookkeeping) to qualify to become a registered BAS Agent.

    Registered BAS agents provide business activity statement services (BAS services) such as
    providing taxpayers with advice about their obligations under a BAS provision; preparing and lodging approved forms detailing a taxpayer's liabilities, obligations or entitlements under a BAS provision; and transacting with the ATO on behalf of the taxpayer in relation to the taxpayer's obligations under a BAS provision.

    ATO BAS Provision

    BAS provision includes:
  • GST law
  • fuel tax law
  • luxury car tax law
  • wine equalisation tax law
  • fringe benefits tax law (relating to collection and recovery only)
  • pay as you go (PAYG) withholding
  • PAYG instalments
  • As a registered BAS Agent Symmetrii can:

  • Design and set up compliance systems
  • Advise the client on how the above areas of law effect them
  • Review a client's operations in relation to these areas of law and provide certainty to that client that they are getting it right.
  • SEE ALSO: ACCOUNT KEEPING