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Do it yourself Business Activity Statements

I do my own BAS, but is it right? Can I be fined if it’s wrong?

Taking charge of your own Business Activity Statement (BAS) is commendable. It shows you’re proactive about managing your business’s financial affairs. But it’s important to ensure your BAS is accurate and compliant with tax regulations. Let’s take a look at why accuracy matters and the potential consequences if it’s wrong.

I do my own BAS, but is it right? Can I be fined if it’s wrong? Read More »

Bookkeeper vs. BAS Agent: What’s the Difference?

When managing your business’ bookkeeping, you might wonder if you need a bookkeeper, a BAS agent, or both. While their roles may seem similar, there are significant differences. Key Differences: Bookkeeper: This person manages financial records, bank reconciliations, accounts receivable/payable, and financial reporting and may assist with payroll and HR functions. BAS Agent: A registered

Bookkeeper vs. BAS Agent: What’s the Difference? Read More »

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