1. What is a BAS and who needs to lodge it   A Business Activity Statement or BAS is the regular report that businesses registered for GST send to the Australian Taxation Office. It tells the ATO how much GST you collected from customers, how much GST you paid on expenses and any other amounts you are required to report.  Most small businesses lodge BAS every quarter. Some lodge monthly if the ATO requires it.  If you miss a BAS deadline or make mistakes, the ATO may apply pe

Running a business means keeping track of a lot of moving parts, and tax compliance is one of the big ones. One of the most important forms for Australian businesses is the BAS or Business Activity Statement.  If you’re registered for GST or pay Wages, you’ll need to lodge a BAS regularly. But many business owners find it confusing or stressful, especially when juggling everything else.  This guide will help break it down clearly. Whether you're new to business or just need a

Your Business Activity Statement (BAS) is how you report your GST, PAYG and other taxes to the ATO. Reporting incorrectly can lead to...

If you’re registered for GST, lodging a Business Activity Statement (BAS) is part of running your business. But let’s be honest, BAS can feel confusing if you’re not exactly sure what needs to go in it.  Your BAS tells the ATO how much tax you’ve collected and what you need to pay. It helps you stay on top of GST, employee tax, and other reporting requirements that may apply to your business.  Submitting the wrong information or missing key details can lead to penalties and u

Missing your BAS deadline can be stressful, especially when cash is tight. But you're not alone and this situation is more common than you might think.    Many business owners believe they’ll automatically face penalties or legal action. But in most cases, help is available. Staying calm and taking action early can protect your business and your peace of mind.  What to Do If You Can’t Pay Your BAS On Time     Lodge It Anyway   Even if you cannot pay the full amount, always lo

Every number you report on your BAS must be backed by evidence. Good record-keeping helps you lodge your BAS with confidence, stay on the...

If you are an NDIS provider, you may already know that many supports and services are GST-free. But, you cannot simply assume all invoices will qualify. The ATO requires clear and accurate invoices to support GST-free claims.  Without proper documentation, you risk losing the GST-free status I there is a ATO audit, which could result in unexpected GST liabilities. Many providers don’t know that a simple invoice isn’t enough and that it needs to clearly shows the right details

Starting or growing a business can feel overwhelming, especially when it comes to tax. One of the most common questions we get is whether...

If you run a business in Australia, keeping up with your BAS (Business Activity Statement) deadlines isn’t just another task on your to-do list. It’s part of keeping your business healthy and avoiding any nasty surprises like late fees from the ATO.   Key BAS Lodgement Dates to Know   Quarterly Lodgers   If you lodge your BAS every quarter, here are the dates you need to mark on your calendar for 2025:  January to March — due 28 April 2025 ( 26 May 2025 if Rise Accountants Lo