To paraphrase a famous quote, there is nothing more certain than taxes, especially when you’re in business where you are required by law to comply with all kinds of regulations and rules.
At Books2BAS Services, our knowledge and experience will ensure that your business successfully navigates the GST minefield, complying with all obligations when it comes to reporting to the relevant authorities and doing the right thing by your employees.
What is the difference between a bookkeeper and a BAS agent? Find out at https://www.tpb.gov.au/bas-services
New Business Startup Assistance
Thinking of starting a new business and don’t know where to begin? Books2BAS Services can assist you with your startup including: registering for an ABN number, PAYG Withholding and so much more.
Superannuation
All employers are obliged to pay superannuation to their employees. It is crucial that employers comply with all their superannuation obligations and report in a timely manner.
Books2BAS Services is experienced with superannuation matters, let us help ensure that your business has met all of its responsibilities so that the ATO don’t come knocking.
BAS/IAS
If your business is registered to report and pay GST, you will need to prepare and lodge your Business Activity Statements (BAS) with the ATO on a regular basis. If you have employees, you will also be required to prepare Installment Activity Statements and you may need to lodge IAS even if you are not registered for GST.
BAS and IAS can both be a little complicated as they depend on several variables in your business. As registered BAS agents we can take care of your BAS and IAS obligations and give you peace of mind that everything has been set up, checked and lodged correctly with the Australian Taxation Office.
End of Financial Year
EOFY can be a stressful time when there are all the loose ends from the current financial year to tie up and things to do in preparation for the new one. When all the bookkeeping is in order using a well-oiled bookkeeping system the process is a whole lot easier.
At Books2BAS Services we can help your business to complete and make sense of the end of financial year tasks like preparing payment summaries for your employees and collating reports. We can help get everything you need ready for you and your accountant to go over when preparing your tax return and planning for the new financial year.
Payroll Tax
Unlike PAYG Withholding tax which must be paid by all businesses, Payroll Tax is a state based tax generally only paid by larger businesses where the business’ combined wage amount for the year exceeds a certain threshold as defined by the state in which the business is based.
Calculating the right base amount for Payroll Tax is crucial in determining the amount of payroll tax a business pays and this is where we come in. Books2BAS Services can crunch the numbers to make sure that everything has been accounted for and inform you of any payroll tax payments should your business need to make them.
