BAS

Businesses use an activity statement (BAS) to report and pay a number of tax obligations, including GST, pay as you go (PAYG) instalments, PAYG withholding and fringe benefits tax(FBT). Activity statements are also used by individuals who need to pay quarterly PAYG instalments.

The lodgement of your BAS needs to occur within the specified time period to ensure no penalties are incurred.

Cornerstone Group is a BAS service provider. We follow a set procedure when managing your BAS:

  1. Preparation of BAS, P&L and Balance Sheet
  2. Review and checking of these documents
    • This is undertaken by a Public Practising Accountant
  3. Disbursement and Customer review
    • Business review and discussion of any aspect of the BAS, P&L and Balance Sheet
    • Modifications or updates
    • Approval of BAS
  4. BAS lodgement via the Business Portal
  5. Customer payment reminder

So call us today on 02 9386 1427 to find out how Cornerstone Group can handle your Business Activity Statement for you.