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You will need to lodge a Business Activity Statement (BAS) if you are registered for Goods and Services tax (GST).  The purpose of the BAS is to: Report on several tax regimes (listed further below) Report income and some expenses Ensure businesses are regularly paying their various taxes up front, on a regular basis, rather […]

This blog was inspired by a client who couldn’t understand why they had to register for GST when in their mind they were already paying tax…which turned out to be PAYG Instalments. The taxes below are reported and lodged through the Business Activity Statement (BAS).  You can find more information on the BAS in my […]