The end of another financial quarter is approaching, and for business owners, this means preparing for the Business Activity Statement (BAS) lodgement. In this blog, Opulent Accountants will guide you through the essentials of preparing for the BAS lodgement for the July to September 2023 quarter.
Understanding BAS and Its Significance
The BAS is a crucial document for Australian businesses as it provides a summary of the Goods and Services Tax (GST), Pay As You Go (PAYG) withholding, and other tax-related obligations. It’s a way for the Australian Taxation Office (ATO) to track and reconcile your tax liabilities.
Key Dates for the July to September 2023 Quarter
To ensure you meet your tax obligations and avoid penalties, it’s essential to mark these dates in your calendar:
1. October 28, 2023 – Deadline for lodging and paying your BAS for the July to September 2023 quarter.
2. November 25, 2023 – If you choose to lodge through a registered tax agent (like Opulent Accountants), you may have an extended deadline for BAS lodgement.
Why Choose Opulent Accountants?
Opulent Accountants offers expert BAS preparation and lodgement services, making sure you meet all your tax obligations promptly and accurately. Our team of experienced accountants will assist you in:
– Gathering all necessary financial records and transactions.
– Accurately calculating the GST and PAYG withholding amounts.
– Ensuring you take advantage of any applicable tax credits or deductions.
– Submitting the BAS on time and avoiding late lodgement penalties.
With Opulent Accountants, you can focus on growing your business while leaving the complexities of BAS lodgement in capable hands.
Prepare for a stress-free BAS lodgement by partnering with Opulent Accountants. We are committed to helping you navigate the tax landscape and ensuring you remain compliant with your obligations.