Business Activity Statement (BAS)

A Business Activity Statement is used by businesses to report and pay a number of tax obligations, including GST, pay as you go (PAYG) instalments, PAYG withholding and fringe benefits tax. Activity statements are also used by individuals who need to pay quarterly PAYG instalments. Generally, the due date for lodging and paying is pre-printed at the top right-hand corner of your activity statement.

You can lodge your activity statements:

1. Online - using the Business Portal or Electronic Commerce Interface (ECI)
2. By phone - if you have nothing to report at any label
3. By mail
4. Through a tax agent or business activity statement (BAS) service provider.

You can lodge electronically using one of the following:

1. the Business Portal
2. electronic commerce interface (ECI) over the internet
3. your registered tax agent or BAS service provider.

Usually, arrangements can be made to pay your tax debt over an extended period. Keep a copy of your business activity statement and the records you used to prepare it for five years after they are prepared, obtained or the transactions completed, whichever is the later.

B B Whitehouse Group are known for quality work in GST advice and BAS preparation for business in Australia. For further information, please call at our branch offices based in Toowoomba and Brisbane.