When BAS Services in Australia is required, even with ones that are overdue, experienced experts can help in business. We are able to communicate with the ATO on your behalf so that you are relieved of that responsibility. Numbers pro is also able to assist you in establishing payment plans with the ATO for delinquent debts. These payment plans may include GST, PAYGI (Instalments), PAYGW (Withholding), fuel tax, and fringe benefits payments.
As a matter of fact, BAS Services in Australia is essential in order to prevent incurring any unwarranted fines. When you wait a longer period of time before turning it in, the potential fine increases. There was a company that had a bill for $15,000 that might have been avoided with little effort.
Fundamental Statutory and Regulatory Requirements
Even if your company might be short on funds and unable to pay its BAS bill, it is critical that you nonetheless file your BAS return on time and in accordance with all applicable regulations. The penalties for not filing your returns on time or not filing them at all are much more expensive than any interest that the ATO might charge on monies that are delinquent.
The fundamental statutory and regulatory requirements that an organization must be aware of are outlined in the following section. You are more than welcome to get in touch with a helpful BAS agent who is registered with BAS Services in Australia in order to get answers to any specific issues you have.
The directors of a corporation have a moral and legal obligation to ensure that their organization satisfies its responsibilities regarding PAYG withholding and superannuation contributions. If a director of a corporation is unable to fulfill these legal requirements in their entirety by the deadline, they will automatically become personally accountable for the sum that is outstanding.
The information that has been supplied above is merely for your convenience as a reference, and if more specific information is required, you can find it on the ATO website.
How Numbers Pro Provides BAS Services in Australia?
As a result of the seriousness with which approaches the provision of BAS services and the issue of compliance, reporting is carried out accurately from the very beginning. This is significant since a modification will add extra costs that are not necessary to your compliance program. We are well aware of how quickly the dates for lodging documents can sneak up on you unobserved, as well as how allowing these compliance dates to pass unnoticed.
Take Necessary Information When Hire a Bookkeeper and BAS Agent
When you hire a bookkeeper and BAS agent to handle your business’s BAS needs, you can be assured that neither you nor your company will be subject to the aforementioned additional expenses, and you can also remove the possibility of incurring penalties.
If we are provided with the information necessary to complete your BAS and an error is made, Numbers Pro will perform any adjustments and re-lodgments at no cost to you. This applies only if an error occurs after we have received the necessary information.