BAS and GST Assistance

BAS, IAS & GST Assistance

As a small business owner, you will have certain obligations to the ATO, in regard to reporting business taxation. Such obligations include the need to complete an IAS (Instalment Activity Statement) or BAS (Business Activity Statement). As your business grows, you may also need to register for GST.

At First Class Accounts, we are very experienced with ATO reporting, and can help you with:

  • Registering for GST
  • Working out whether your sales are taxable, GST free or input taxed
  • Including GST in the price of taxable sales
  • Obtaining tax invoices for business purchases that have GST included in the price
  • Calculating any adjustments
  • Accounting for GST on cash or non-cash basis
  • Reporting sales and purchases by lodging activity statements and advise on the required GST payments

In addition to your GST obligations, First Class Accounts bookkeepers can assist you with:

  • Pay As You Go Instalments (Income Tax)
  • Pay As You Go Withholdings (Employee’s tax deductions)
  • Fringe Benefits Tax, Luxury Car Tax, and Wine Equalisation Tax liabilities
  • Fuel Tax deductions

To help keep your business running smoothly, talk to a First Class Accounts bookkeeper about BAS, IAS, and GST assistance today.