We can handle your Business Activity Statement (BAS) lodgement and keep you compliant with the ATO, giving you more time to focus on running your business.
Our professional team of BAS accountants will ensure that your statements are correct and lodged on time. We also go to great lengths to ensure that what is declared in your BAS return matches all your BAS lodgements.
We will ensure your business is ATO compliant, and we even provide an audit guarantee. If one of our clients is audited by the ATO, we will deal with the tax office on your behalf for free.
Our team can even travel to your premises to consult with you face-to-face. It's all part of our commitment to our clients.
We have worked with Liston Newton's Accountancy and Advisory Team for over a decade. During that time, our business has grown substantially both organically and through purchases. This wouldn’t have been possible without Liston Newton Advisory to assist with our business planning, providing proactive advice and ensuring our accounts were always compliant in a complex and volatile industry.
Liston Newton's Accountants analysed our financial and business situation and helped us implement strategies to improve our position. Their strategies turned our business from making a loss, to recording a 6-month net profit of 36 per cent. And we are now on track to show a 240 per cent increase in turnover over the next financial year.
Liston Newton helped us move our accounting over to Xero. Their Accountant managed the set up and training so we felt comfortable with the software. We now have all our processes streamlined which gives us improved visibility of our business performance. This has allowed us to open 2 more stores without a significant increase in administration effort.
Our BAS accounting services give you peace of mind.
Expert BAS accounting services will give you more time to focus on growing your business.
Yes, you can. However, we don't recommend this for growing businesses. It's easy to make costly mistakes if you aren't up to date with legislation and don't have the correct training.
As a business owner, handling your own BAS isn't the best use of your time. Instead, you could be focusing your time and energy on running and building your business.
According to legislation, it is the business owner's responsibility to record and report how much GST your business has received and paid.
If your business revenue is over $75,000 per annum, you must lodge a BAS every quarter. If your revenue is over $20 million per annum, you must lodge a BAS every month.
If you have collected more GST through your revenue than you have paid through your expenses, then you will need to pay the difference to the ATO.
If you have paid more GST through your expenses than you have collected through your revenue, the ATO will pay you the difference.
If you cannot afford to pay your BAS lodgement when it is due because of cash flow issues, you may be able to organise a payment plan with the ATO. We can speak to the ATO on your behalf and organise this for you.
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