Tips to help get your BAS right

April 14, 2021

(ATO)
12 April 2021

 

When completing your next business activity statement (BAS), remember:

  • Keep accurate and complete records of all sales, fees, expenses, wages and other business costs.

  • Use our Record keeping evaluation tool to help you assess how well you’re keeping your business records.

  • Only lodge one BAS for each period. If your form has been replaced, you should use the replacement form and not the original.

  • If you lodge electronically, there’s no need to send us the paper form.

  • Only complete fields that apply to you. If you have nothing to report, enter zero.

  • Make sure that you have entered the figures for your obligations at the correct label.

  • Enter whole dollar amounts – leave cents out and don’t round up to the next dollar.

  • Lodge online and you may get an extra two weeks to to lodge and pay your BAS.

  • Registered tax agents and BAS agents can help you.

Remember, if you’ve made a mistake you can revise or fix the mistake on your next BAS.

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