9 Tips For An Easier BAS

By BAS Lodge | August 14, 2019 | Comments Off on 9 Tips For An Easier BAS

Optimising your business’ processes around GST and BAS will help you immensely. It could help you manage your business’ cashflow and reduce the time it takes to get a refund. If you ever find yourself scratching your head over GST and BAS, worry no more, follow our 9 tips and you will have a much…

What Is The Difference Between A Tax Return And A BAS?

By BAS Lodge | August 7, 2019 | Comments Off on What Is The Difference Between A Tax Return And A BAS?

Both tax returns and Business Activity Statements (BAS) are important for business owners to complete and lodge by their required due dates. Each, however, serve their own purpose, providing specific information to the ATO. But both require some similar information regarding income, expenses, and GST.   Should I put income and expenses on both my BAS…

What To Expect When Your BAS Ends Up In A Refund

By BAS Lodge | July 31, 2019 | Comments Off on What To Expect When Your BAS Ends Up In A Refund

As you might be aware by now, Business Activity Statements are, in very simple terms, a summary of GST collected and to be claimed to the ATO, with one offsetting the other. If your GST he ATO will owe you a refund on some of the GST you paid. If you find that you are…

What are the Due Dates for Lodging and Paying Business Activity Statements (BAS)?

By BAS Lodge | July 24, 2019 | Comments Off on What are the Due Dates for Lodging and Paying Business Activity Statements (BAS)?

When you registered for GST you were able to choose the reporting period. This choice determines when you need to lodge your BAS. You will find the due date on your business activity statement (BAS), however, if you are unsure, we have created a handy guide to help.   BAS lodgement periods  There are thee lodgement…

How Do I Pay my BAS?

By BAS Lodge | July 17, 2019 | Comments Off on How Do I Pay my BAS?

Once you realise that the GST collected is more than the total of GST credits to be claimed for your business at the end of the reporting period, it all becomes a matter of reporting those figures and pay the difference to the ATO.  Under a simpler BAS method (applicable to most small businesses), the main amounts you have…

What is a Business Activity Statement (BAS)?

By BAS Lodge | July 8, 2019 | Comments Off on What is a Business Activity Statement (BAS)?

Now that your business has been registered for GST, it is time to learn about Business Activity Statements or BAS. It may seem intimidating, but through this introductory guide we will show you that it is not as bad as you may think.     What is a BAS?  A Business Activity Statement (BAS) is a convenient tool that allows you…

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