ATO’s tips to help you stay on top of your BAS

Keep Up To Date With The Latest News

Join our newsletter to keep up to date with the latest news in the world of Tax, Audit, Advisory and Technology

The ATO has the following tips to help you get your BAS right before you lodge:

You should make sure you enter the figures for your obligations at the correct label, and only complete applicable fields.
If you have nothing to report for the period, you can lodge a ‘nil’ BAS online by selecting ‘Prepare’ and then ‘Prepare as nil’, or you can call the ATO’s automated service “any time of the day”.
If you made a mistake on your last BAS, instead of lodging a revision, you may be able to use your current BAS to fix it. For example, you can use label 1A to adjust GST on sales, or label 1B to adjust GST on purchases.
You can also use your BAS to vary an instalment amount.

As your tax agent, we’re here to help. If you need any assistance with your BAS, please don’t hesitate to contact us.

The Government will amend Australia’s global and domestic minimum tax legislation, introduced in 2024, to implement the side-by-side package agreed

The Government will provide $86.3 million over four years from 1 July 2026 and $9.7 million per year ongoing from

The Government will extend the temporary ban on foreign purchases of established residential dwellings by two years and three months