Melican Partners’ team of BAS Accountants provide business activity statement services for all your compliance needs. We can report and lodge your instalment statements and business activity statements, whether it be monthly, quarterly or annually.
We can also provide consulting, reviewing and troubleshooting services for clients who require annual or quarterly BAS for reconciliation purposes throughout the Diamond Valley in Greensborough, Eltham, Doreen, Macleod, Watsonia, Rosanna, Lower Plenty and Diamond Creek.
PAYGW is also known as Income Tax Withholding (ITW). PAYGI is also known as “Income Tax Instalments (ITI).
Business Activity Statements is a required statement, and every business/ organisation has a number of BAS forms that they can complete. The type of form a business can receive depends on what tax liabilities such business has.
Since you will have to track your income and expenses in order for you to report your taxes, BAS helps you to keep track of your business finances, and enables you to make adjustments where necessary.
Businesses can submit their BAS to the ATO:
Errors can occur with activity statements when a business reports figures incorrectly, and errors such as this are usually handled by a department known as ASP(E).
Be informed that late submission of form attracts interests and penalties. You should always be ready to submit before/ on the due date.