Monthly/ Quarterly Compliance

The Australian Tax Office (ATO) requires businesses to submit a business activity statement (BAS) monthly, quarterly or annually (annual GST return, if eligible).

It is used to report and pay goods and services tax (GST), pay as you go (PAYG) instalments, PAYG withholding tax and other tax obligations.

When a business owner or sole trader registers for an Australian business number (ABN) and GST, the ATO will automatically send them a BAS when it is time to lodge. All businesses registered for GST must lodge a BAS before the due date.

An instalment activity statement (IAS) is similar to the BAS but without GST and some other taxes. Businesses that are not registered for GST would submit an IAS to pay PAYG instalments.

Numeric Eight will process the BAS and, or IAS statements on our client's behalf accurately and in a timely fashion, ensuring their business remains compliant with the Australian Tax Office.

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