Get Help on Business Activity Statement by BAS Registered Agent

Complying with the law is the best thing a person can do. While running a business, getting everything up-to-date is the essential thing that a business holder can do. Australian government has strict laws regarding filing up of tax statement for all types of businesses. The businesses are relying on the BAS registered agent to have their business formalities completed.

The business owners of the organizations or the companies now prefer to hire the registered BAS agent to have the financial accounting of their company done.

A registered BAS agent has numerous services to provide as per the Tax Agent Services Act. The services in the list are-

1. ·        Get the clients know about the legal liabilities, and obligations.
2. ·        Let the clients know about their entitlements under BAS provision.
3. ·        Accompanying the clients and representing them to the commissioner of Taxation in        relation to BAS provisions.
4. ·        Defining the point where a client can rely on the services to fulfill the liabilities or         obligations.

The other field services that a BAS agent undertakes are-

1. ·        A BAS agent applies for an ABN to the Registrar on behalf of a client
2. ·        Installing the accounting software and other codes for the clients
3. ·        Tax invoices with the help of Xero that has BAS provision
4. ·        Ensuring the business data or figures to be included in the activity statement
5. ·        Completing the business activity form on behalf of the clients
6. ·        Checking the tax obligations for the employees of the client
7. ·        Registering or providing suggestions on GST or PAYG
8. ·        Calculating the super annuity shortfall and the related fees
9. ·        Deals with superannuation payments that are made through the clearing house

The registered BAS agents need to register on the BAS agent portal to get access to a huge varied information that enables to conduct the practices. So, to become a full-fledged tax practitioner, register with the BAS Agent Portal for a smooth business. The registered agents get access to numerous benefits directly from the portal.

Bookkeeping is an activity of keeping record of the financial statement of the business. The major functions of the BookkeepingServices Australia are–

·        Comparing Financial Activity

An arranged bookkeeping helps a businessperson to keep a track of all sorts of spending of the organization. It also helps the owner to analyze the revenue of the organization at a time. This process helps the owner to re-think about the areas where the expenditure can be curtailed to increase the profit.

·        Keeping Track of Budget

Every organization has its own budgetary policy. Bookkeeping helps in managing and allocating the funds required for the development of an organization.

BAS Registered Agent has been the mainstay of all the businesses in Australia. They have helped in financially assisting the companies with their legal proceedings with the taxation system. They have saved lot of bucks of the companies as penalty.