Staying on top of deadlines is crucial in the fast-paced business world, especially when meeting your Business Activity Statement (BAS) and superannuation obligations in Australia. My Great Bookkeeper Pty Ltd offers remote BAS Agent services that ensure timely and accurate submissions, enabling compliance with Australian tax laws. Our dedicated remote BAS agent is committed to helping your business navigate the complexities of BAS and superannuation requirements. By doing so, we ensure that you avoid penalties and fines and provide peace of mind.

Remote BAS Agent Services and the Importance of Meeting BAS Deadlines

Being a remote BAS Agent and meeting BAS deadlines is not just a matter of ticking boxes; it’s essential for maintaining your business’s financial health and compliance. BAS IAS submissions provide a snapshot of your business’s tax obligations, including GST, PAYG withholding, and other tax liabilities. Failing to meet these deadlines can result in penalties and fines from the Australian Taxation Office (ATO), impacting your bottom line and causing unnecessary stress.

Changes in Tax Deductibility as of 1 July 2024

As of 1 July 2024, the ATO Integrated Client Account – Activity Statement (BAS) General Interest Charge will no longer be tax-deductible. Any delays or late lodgments can result in additional costs to your business that cannot be offset through tax deductions. Similarly, penalty fees for late lodgment have never been tax-deductible, adding to the financial burden of non-compliance. You also have another ATO Integrated Client Account with the Tax Office for Income Tax; as this is income tax related, your Tax Agent must advise you.

How Our Services Ensure Compliance

At My Great Bookkeeper Pty Ltd, our remote BAS agent is committed to ensuring timely and accurate submissions to help you avoid penalties and fines. Here’s how we help you stay compliant:

  1. Expert Guidance: Our remote BAS agent understands Australian taxation laws and regulations. We provide expert guidance and support to ensure your BAS and superannuation obligations are met accurately and on time.
  2. Proactive Planning: We work closely with you to establish a proactive compliance schedule, ensuring that deadlines for BAS and superannuation are never missed. We promptly meet your obligations whether annually, monthly, or quarterly reporting.
  3. Attention to Detail: We meticulously review your financial records to ensure the accuracy of your BAS, IAS and superannuation submissions, minimising the risk of errors that could lead to penalties.
  4. Tax-Deductible Services: Unlike penalty fees for late lodgment, the cost of our services is tax-deductible. By partnering with us, you can mitigate the financial impact of compliance while ensuring your obligations are met efficiently.

Important Due Dates for BAS, IAS and Superannuation

To stay compliant with BAS, IAS and superannuation requirements in Australia, it’s crucial to be aware of the following due dates:

Quarterly Reporting BAS/IAS and Superannuation:

  • Due date for each quarter:
    • July, August, and September: 28 October
    • October, November, and December: 28 February
    • January, February, and March: 28 April
    • April, May, and June: 28 July

Monthly Reporting BAS, IAS:

  • The due date to lodge and pay your monthly BAS is the 21st day of the month following the end of the taxable period. For example, a July monthly BAS is due on 21 August.

Annual Reporting BAS:

  • The due date to lodge and pay your annual GST return is 31 October. If you aren’t required to lodge a tax return, the due date is 28 February, following the annual tax period.

Changing Your Reporting and Payment Cycle:

  • Depending on your circumstances, you may be able to change how often you lodge and pay. Contact us to change your GST reporting and payment cycle.

For more information, check what the ATO has to say on the Due dates for the following:

There may be other essential dates your business must comply with to avoid late lodgment penalty fees. We have further information in the following links:

Other lodgments that you may need to consider:

  • Workers Compensation ‘Actuals and Estimates’
  • NSW Long Service Leave

By adhering to these deadlines and partnering with My Great Bookkeeper Pty Ltd, our remote BAS Agent can ensure that your BAS and superannuation obligations are managed effectively and work with you to comply with other lodgment dates.

Don’t let compliance issues derail your business success. Contact My Great Bookkeeper Pty Ltd today and let our remote BAS agent help you stay ahead of deadlines while ensuring compliance with Australian Taxation Laws. With our expertise and dedicated support, you can navigate the complexities of BAS and superannuation requirements with confidence and peace of mind.

For us to provide the best assistance, please cooperate with us by supplying the necessary documents which are requested before the deadlines.