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STRESS-FREE BAS FILING

BAS Compliance

Managing your BAS can be time-consuming and complex. We simplify the process, ensuring your BAS returns are accurate, timely, and compliant with Australia’s tax regulations.

Tech business owner behind a laptop reconciling his Xero so his accountant can make a start on the BAS returns

The benefits of expert BAS management

  • Assurance that all transactions are accurately accounted for each BAS period
  • Peace of mind that you're compliant with the latest tax regulations
  • Avoid costly errors that could lead to penalties or overpayments
Businesswomen using a tablet to analyse some financial info

Beany's BAS service

  1. BAS return preparation Your Xero transactions are reviewed for accuracy
  2. Expert compliance check Making any necessary corrections or adjustments (e.g. private-use portions of an expense)
  3. ATO filing Following your approval, we lodge the BAS return with the Australian Tax Office
  4. Payment reminders Email notifications of the amount owed and due date

BAS FAQS

Frequently asked questions

Need more info about BAS returns and what's involved with using our BAS return service, have a read of our FAQs.
A BAS return is a report that businesses must lodge with the ATO that summarises several tax obligations, including GST, PAYG withholding tax (if you have employees), PAYG instalments (if you’re paying tax on business income throughout the year), and other taxes like FBT instalments or luxury car tax (if applicable).Depending on your business, this is monthly, quarterly or annually.Based on the return, businesses either make a payment to the ATO or receive a refund.
If you carry out any form of business activity with a turnover of $75,000+ annually, you must be GST-registered and lodge BAS returns. This applies to business owners, freelancers, or contractors.Essentially, once you’re registered for GST, you’re required to lodge BAS returns.
This depends on your filing frequency and whether you have an accountant or not. If you file quarterly with an accountant, the due dates are 25th November, 28th February, 26th May and 25th August.
The short answer, yes. You can lodge via your ATO portal or some accounting software. However, tax rules can be complex, which is why many business owners choose to work with a professional.A BAS is not just about reporting the GST on sales and purchases, but also includes other tax obligations (where applicable). There may also be GST-free or GST-exempt transactions to consider, along with manual credit or debit adjustments (for example, where an asset is partly used for private purposes).A tax professional looks at all of this, makes the necessary corrections and adjustments, and ensures your BAS return is accurate and complete before it's lodged with the ATO.
Beany clients who use Xero.We need to be linked to the ATO as your tax agent and have access to your financial records in order to process BAS returns. As Xero experts, we only provide this service to clients who are using Xero accounting software.
  1. After the BAS period has ended, ensure all your transactions for that reporting period are reconciled in Xero. (We will send a reminder, so you don’t need to worry about forgetting).
  2. Once reconciled, you press a button in your Beany portal to let us know that everything is ready to go and we can start preparing the BAS return. One of our experts will get to work reviewing everything and making any necessary corrections and adjustments.
  3. When your BAS return is ready, we’ll let you know and ask you to approve it.
  4. We lodge it with the ATO and inform you how much you owe (or the refund amount if you’re due a refund).
  5. Relax, you’re all sorted. We also send payment reminders so you don’t miss the payment deadline.
Reconciling transactions - If you'd like some business admin support, we can definitely help. View our bookkeeping service for details.Tax payments - We do not make any tax payments to the ATO on behalf of our clients.
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