Even if you do your own bookkeeping and payroll, there can be great benefits in employing a BAS Agent to take care of your monthly and quarterly obligations.
By ensuring that your Instalment Activity Statement (IAS) and Business Activity Statements (BAS) are correct you eliminate any cashflow deficiencies that could be created and of course timely lodgements mean no late penalties.
Understating your obligations will lead to a nasty surprise when your year-end work is done, while overstating them will mean paying more for that given month/quarter therefore affecting cashflow immediately.
By reconciling your books on a quarterly basis, it also provides a health-check for your business to ensure your heading in the right direction.
As Registered BAS Agents we’re ATO approved and have completed the necessary training & association registrations required by law to be considered fit to manage GST & BAS related issues for Small and Medium Businesses in Australia.