How To Get Help With BAS Lodgement

Getting help with BAS lodgement can make it much easier to keep your business tax obligations organised and avoid mistakes. A BAS, or Business Activity Statement, reports information such as GST, PAYG withholding and other applicable tax obligations to the Australian Taxation Office. 

For many Melbourne small businesses, preparing a BAS involves reviewing sales, purchases, GST coding, bank transactions and payroll records before the statement is submitted. 

A bookkeeper can help keep your records accurate throughout the quarter so BAS preparation is not left until the last minute. They can reconcile your bank accounts, review GST transactions, check that invoices and bills have been recorded correctly and identify transactions that may require clarification before lodgement. 

If your business uses Xero, bookkeeping support can also help ensure your accounts are kept up to date throughout the reporting period. Young Guns Bookkeeping provides bookkeeping and BAS support for Melbourne businesses, helping business owners maintain organised financial records and prepare for their reporting obligations. 

It is important to distinguish bookkeeping support from tax advice. Depending on your circumstances, you may also need a registered tax or BAS professional. The best approach is to have your bookkeeping maintained regularly rather than attempting to reconstruct several months of transactions immediately before your BAS is due. If you are unsure what information your business needs to provide, speak with your accountant or registered BAS agent.