BAS AND TPAR LODGEMENT SERVICEcompliance services
At Business Lynx, we take care of your BAS and TPAR lodgements ensuring you fully meet your compliance obligations.
BAS LODGEMENT SERVICE
A Business Activity Statement (BAS) is a form that businesses must submit to the ATO in order to report and pay their tax liabilities. A large component of BAS is related to GST.
When you complete a BAS, you are reporting the GST amount you’ve collected on the sales of your products or services minus any amount that you’ve paid on your purchases. The difference is what you owe to the ATO
Your BAS can also include PAYG withholding and instalments, FBT instalments, luxury car tax and wine equalisation tax.
WHEN AND HOW TO LODGE A BAS
when is a bas required?
If monthly reporting is the requirement, your BAS must be lodged and paid on the 21st of the month which is the required taxable period. However, your BAS lodgement could be done monthly, quarterly, or annually.
Handling your BAS lodgement could be quite a big task especially when you just started a business.
Well, if you need some help, there’s a way out for you.
how we can help
At Business Lynx, we work with professional BAS agents to adequately handle your BAS lodegment. In addition to offering our daily bookkeeping services, we will help in prepping your BAS. We know how BAS lodgement is important to the progress of your business, and we have the professional hands to take care of it.
Thus, your BAS lodgement will be appropriately done, and Business Lynx will ensure all your obligations are met and that you are compliant on all fronts.
TPAR LODGEMENT SERVICE
TPAR is an acronym for Taxable Payments Annual Report. To be exact, this type of report is industry-specific, with some typical businesses operating in:
- Building and construction services
- Cleaning services
- Road freight and Courier services
- Information technology services
- Security, investigation or surveillance services
The ATO requires you to lodge a TPAR if:
- 10% or more of your business income for the financial year is from a relevant service
- you also made payments to contractors for a relevant service during the year.
WHEN AND HOW TO LODGE A TPAR
when is a tpar required?
Typically, as a business owner, your TPAR lodgement must be done on the 28th of August yearly. This is as important as any other business activity you consider necessary.
how we can help
Business Lynx is here to ensure you concentrate more on the activities of your business that are worth your time. That’s why we offer TPAR lodgement services to our clients as it reduces the workload for them.
*All prices are inclusive of GST
* We work under the supervision of Sharbara Accounting and Bookkeeping Services Pty Ltd.
- Monthly or Quarterly lodgement
- Monthly lodgement lodgement
Payroll Tax Returns
- Monthly or Annual lodgement
- Annual lodgement lodgement