BAS Agents
At the Small Business Lounge all of our bookkeepers are certified BAS Agents. If you are searching for a bookkeeper, it is very important that this person is a registered BAS Agent as well.
This ensures they are fully trained and have the skills and knowledge to perform the business accounting practices on a day-to-day basis correctly.
What is a BAS Agent?
A BAS agent is a person that assists clients and businesses with lodging their Business Activity Statements, GST preparation and other related tasks concerning the business’s finances.
They will also liaise with your accountant and give you advice and guidance around your BAS account. Many businesses choose to hire a BAS agent to help prepare their BAS and double check any other accounting coding you have been doing yourself before lodging.
Some other areas they are certified and specialised in include:
- Preparing and lodging Business Activity Statements (BAS)
- Preparing and lodging all instalments of activity statements for businesses and individuals
- Review your accounting software and bookkeeping to ensure that all expenses are correctly allocated in GST claims
- Bookkeeping and payroll services
- Reconciliation of wages, PAYG withheld and superannuation payable
- Liaise on your behalf with your accountant and the ATO
- Offer training solutions for your business and employees on how to prepare your own business activity statements
- Keep you up to date with the latest changes in legislation such as the Single Touch Payroll (STP) that came into effect in 2019
- Organising payment extensions with the ATO
In addition, when submitting lodgements to the ATO there are various timelines and deadlines to follow. Hiring a BAS agent will help keep you on track with the deadlines for your business so that you are never late and don’t risk penalties. A BAS agent will keep your records and documentation lodged correctly and on time so that you can focus back on your business.
If you’d like a complimentary 15 minute consultation to see how one of our registered BAS agents can help your business, please book via the link below.
