Australia’s Goods and Services Tax (GST) and Business Activity Statement (BAS) systems have been around for almost 20 years. But since their introduction, they have become more and more complex to navigate, placing a heavy administrative burden on businesses throughout Australia.
Taxation is always changing, and with each Federal Budget and election campaign, it seems that there is a new discussion about tweaking the rules. Keeping up with these changes, and how they affect you, can be overwhelming.
The good news is that you don’t have to manage this on your own. As your BAS agent, the bookkeeping professionals at Efficiency Partners are perfectly placed to deliver a full range of BAS accounting services and GST management systems to make your life that little bit easier.
Just like not paying your credit card on time, failing to comply with the due dates and deadlines of the GST and BAS systems leaves you liable for late fees and penalties. But unlike a simple credit card bill, the tax system is much more complicated when taking into account your accounting records, PAYG withholding amounts, GST remittance obligations, and BAS requirements.
Our Solutions for Your GST and BAS
By working with Efficiency Partners, you have all the benefits of working with a professional advisor who is aware of every requirement and potential pitfall of the GST and BAS reporting regimes. We can help you stay compliant with all ATO requirements.
Our registered BAS agents are also fully qualified and authorised to submit BAS, PAYG, and superannuation forms and reports to the relevant agencies on your behalf. This delivers two main benefits to business owners and managers just like you: peace of mind that the requirements are being met, and the ability to focus their energy on their business, rather than their GST and BAS.
Our Value Add
We also make sure that you are kept aware of any changes that might affect your business. Because it is our full-time job to be mindful of changes in the law and reporting requirements, we always stay up to date and let you know if any changes apply to your business so that you never have to see a headline and wonder “does that affect me?”
We also help you do business and cash flow planning so that you have the right amount set aside for your taxation and ATO obligations when the time arises. Our professional and experienced BAS tax agents have worked with businesses in almost every industry, and we take the time to understand your business so we can suggest a tailored solution that takes into account your specific circumstances.
To plan for your BAS and GST obligations better and insulate your business against non-compliance headaches, we invite you to call today at 1300 77 69 56 to connect with one of our experienced Sunshine Coast and Brisbane providers of BAS and GST management services.