Brew Accounting

  • Home
  • Resources
    • Blog
    • NewsLetter
  • Solutions
    • Individual
    • Hospitality
    • Business Accounting
    • Business Planning
    • LookOver - Second Opinion on Tax
    • LookOver - Business Health Review
  • Our Service
  • Team
  • Contact
  • Home
  • Resources
    • Blog
    • NewsLetter
  • Solutions
    • Individual
    • Hospitality
    • Business Accounting
    • Business Planning
    • LookOver - Second Opinion on Tax
    • LookOver - Business Health Review
  • Our Service
  • Team
  • Contact

Your monthly activity statement (BAS) is due on the 21st

10/2/2021

0 Comments

 
Picture
Get your books in order now for your monthly activity statement due on the 21st. We can help make sure you are ready for lodgement day. Talk to us
Your monthly activity statement is due by the 21st of this month.

Use the following checklist to make sure you are ready for lodgement day:

  • Have you allocated all bank transactions to the correct accounts?
  • Have you verified that the bank balance listed in your accounting software matches the balance in your bank account?
  • Do you have tax invoices and receipts for all business-related transactions?
  • Have you checked the GST tax codes for all transactions?
  • Have you checked tricky transactions like agency arrangements, insurance or overseas purchases for GST tax code accuracy?
  • Have you got paperwork for asset purchases or new finance arrangements?
  • If you have to report PAYG withholding for employees, you also need to check that your payroll categories and tax calculations are correct for the quarter, (or last month for employers who lodge a monthly IAS).

Checking the figures at each of the BAS reporting labels means your statements are more likely to be accurate and less likely to need GST adjustments at the end of the financial year. This results in you having a more accurate picture of your liabilities throughout the year and being able to plan accordingly.

Any questions? Talk to us. We can help you set up the processes to make this area of your business easy - and you can focus on your business.
0 Comments



Leave a Reply.

    Archives

    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020

    Categories

    All
    Financial Awareness
    General
    Management & Strategy
    Payroll
    Sales & Marketing
    Superannuation
    Tax / Compliance


      Learn More

      Get monthly updates with
      ​the latest news and insights. 
    Subscribe
Call: 1300 273 900 today and speak with one of our friendly Accountants.
Book a Meeting
Picture
Brew Accounting is a CPA practice.
Picture
Registered Tax Agent
Picture
Chartered Tax Advisor

​copyright(c) 2021 Brew Accounting