BAS (Business Activity Statement) is a required ATO statement that your business needs to lodge on or before the relevant due date.
Your BAS is the official statement that declares how much GST your business owes to the ATO and must be completed once your revenue exceeds $75,000. Do you fall into this category? If so you should be registered for BAS and submitting statements either monthly, quarterly or annually.
Monthly statements are due 21 days after the last day of the month. That means, for example, that January’s BAS is due on the 21st of February, February’s is due on the 21st March, and so on.
Quarterly lodgement periods are:
July, August, September (due 28th October)
October, November, December (due 28th February – an extra month is given due to the Christmas break)
January, February, March (due 28th April)
April, May, June (due 28th July)
Staying on top of this and all your ATO requirements is simpler when you use the services of a qualified bookkeeping service such as NNN Bookkeeping. Whether it is BAS, PAYGI, IAS or FBT reporting, we will guide you through every step of the way.