BAS time is typically a very stressful time for most business owners, to the point where some are consistently late lodging and/or paying their BAS. A few simply don’t do it, preferring to stick their head int eh sand, letting matters spiral out of control.
The ATO is getting tough, they withhold refunds until all your lodgements are up to date, furthermore they could get a court order to wind up your business.
Not knowing how to prepare a BAS, not having adequate record keeping in place or simply being time poor is the biggest reason for business failure.
Instead of being stressed all the time, working long hours in your business, start focusing on the future, get a book keeper or accountant to look after your tax compliance including BAS, get the information to them in a timely manner and don’t be a statistic.
Take charge of your finances now and start getting ahead.
Plant and Associates Pty Ltd
admin@plantandassociates.com.au