BAS Archives - Ask Valerie Bookkeeping

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.

The perils of using unregistered, unqualified people to do your BAS

Business / By Valerie O'Neill

Business Activity Statements (BAS) are crucial business documents outlining tax obligations to the Australian Taxation Office (ATO). Completing BAS accurately and on time is not only a legal requirement but also vital for a business’s financial health and compliance. However, many companies, especially smaller ones, often cut costs by engaging unregistered and unqualified individuals to

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