BAS

We Prepare & Lodge BAS in Townsville

ESTABLISHED IN 2000

REMOTE BOOKKEEPING SERVICES

SERVICING BUSINESSES AUSTRALIA-WIDE

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Compliant BAS Services

When it comes to managing your financial obligations, ensuring your Business Activity Statements (BAS) are accurate and submitted on time is crucial for your business's financial health. At Blue Chip Bookkeeping, we prepare and lodge BAS to the ATO and align our services with the latest government regulations and standards.

We dive deep into your financial records to calculate your GST obligations and ensure that everything is in order for timely submission. This not only keeps you compliant but also helps you avoid potential penalties and interest.

Get in touch with us on 0407 576 883 for BAS enquiries. Our bookkeepers in Townsville and Maitland provide remote bookkeeping services for clients in the Hunter Valley and throughout Australia.

Contact our remote bookkeepers today for Australia-wide servicing

Our Preparation & Lodgement Process

At Blue Chip Bookkeeping, we use advanced software to streamline the preparation and lodgement process, allowing for efficiency and precision. Our approach includes a thorough review of your transactions to ensure that every detail is accounted for, followed by the accurate calculation of your GST obligations. Once we have a comprehensive picture, we'll lodge your BAS on your behalf, within the ATO deadlines. We aim to give you the peace of mind that comes with knowing your business complies with all regulatory requirements.

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Why Partner With A Bookkeeper?

Partnering with a bookkeeper to prepare and lodge your BAS offers numerous advantages. Firstly, it helps ensure compliance with tax regulations, minimising the risk of costly errors or penalties. Bookkeepers can navigate complex tax codes, maximising your deductions and optimising your tax obligations. They streamline the process, saving valuable time and resources that can be directed towards core business activities.

Additionally, partnering with a bookkeeper provides financial insights crucial for strategic decision-making, helping you better understand your business's financial health and performance.

By entrusting BAS preparation and lodgement to a bookkeeper, you can gain peace of mind, knowing that this critical aspect of your business is in capable hands. Find out how your business can benefit from our bookkeeping services by contacting us today.

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Required Documentation For BAS

Various documentation is required to lodge BAS. This includes:

Sales & income records: Invoices, receipts, cash register tapes and bank statements showing sales revenue.
Purchase records: Invoices, receipts and statements for expenses, such as supplies, inventory and services.
GST records: Documentation showing GST paid and collected on sales and purchases, including tax invoices and receipts.
Payroll records: Details of wages, salaries, superannuation contributions and other employment-related expenses.
Financial statements: Profit and loss statements, balance sheets and general ledger accounts.
Records of any other business transactions: Such as asset purchases or disposals, loans and other financial activities.

Having organised and accurate documentation ensures the BAS preparation process is efficient and compliant with tax regulations. Let our bookkeepers handle the complexities of your financial records, providing peace of mind and freeing up your time to focus on growing your business.

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Frequently Asked Questions

What is a BAS?

A BAS is a statement required by the Australian Taxation Office (ATO) that summarises a business's tax obligations.
How often do I need to lodge a BAS?

BAS lodgement frequency depends on your business's turnover. It can be quarterly or monthly.
What information is included in a BAS?

A BAS includes information about your sales, purchases and GST collected and paid.
What happens if I lodge my BAS late?

Late lodgement of BAS can result in penalties and interest charges from the ATO.