Many small to medium sized businesses complete their own BAS statements to save on cost. This can come at a price, though. You may be exposing your business (or yourself if you’re a company director) to penalties or unexpected debt.
Bookkeeping Matters can manage your reporting and ensure accuracy and prompt lodgment of your BAS, IAS, TPAR and Annual Payment Summary Report with the ATO.
We offer expert advice, guidance and practical applications to help you meet your obligations with complete confidence.
- Registered BAS Agent – Registration No. 91642006
- Bookkeeping Matters maintain our certification in primary accounting software solutions
Penalties to Avoid
By engaging Bookkeeping Matters, you mitigate exposing your business to these easily avoidable penalties for:
- Late lodgment
- Providing misleading or inaccurate information
- Failing to withhold the required PAYG amount.
Implications for Directors
Company directors are personally liable for PAYG withholding and Superannuation Guarantee Charge (SGC) obligations. Therefore, it is critical that you are aware of your responsibilities, and ensure you meet them, to avoid personal and financial distress.