KNS ACCOUNTANT

Business Activity Statements

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Streamline your Business Activity Statement, BAS return, and services tax processes with expert insights from our team of certified accountants.

Hiring a BAS accountant to help compile and lodge your Business Activity Statement (BAS) with the Australian Taxation Office (ATO) can save you time and ensure accuracy. Each certified BAS accountant within our team will guide you through preparing BAS, provide valuable insights and advice, and handle it on your behalf.

Goods and Services Tax (GST)

Fringe Benefits Tax Returns

Pay As You Go Instalments

PAYG Withholding

Fuel Tax Credits

Luxury Car Tax

What Is a Business Activity Statement?

A BAS is a report that Australian business owners must submit to the Australian Tax Office (ATO). 

Unlike personal tax returns, this document contains information about the various types of BAS tax unique to a business, such as GST and PAYG.

Failure to submit the BAS before the due date for final submission can result in financial penalties. 

The BAS also provides valuable insight into the financial health of your business BAS, including details on your sales, expenses, and GST liabilities.

To avoid penalties and ensure that your BAS is completed accurately and efficiently, you can hire a BAS accountant to help with the process. We can provide expert guidance and advice on maximising your tax deductions and minimising your tax liabilities.

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When Should You Lodge a BAS Return?

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The frequency of reporting can vary depending on the tax type and the business size.

Monthly Reporting 

Quarterly Reporting 

Annual Reporting 

If your business’ GST turnover is $20 million or more, or if you choose to report monthly, you must submit a BAS return every month.


You may also report monthly if your business’s income tax year does not end on 30 June.

GST-registered businesses with a turnover of less than $20 million can report quarterly.


The information you must report every quarter on the BAS includes GST, PAYG withholding, PAYG instalments, and FBT instalments.

You can report annually if you have voluntarily registered your business for GST and its GST turnover is under $75,000 ($150,000 for not-for-profit bodies).

Monthly Reporting Lodgement Dates 

Quarterly Lodgement Dates 

Annual Lodgement Dates

The 21st day of the month following the end of the taxable period.

July – September: 28 October 

October – December: 28 February 

January-March: 28 April 

April – June: 28 July 

31 October

What are the Penalties For Missing a BAS Lodgement Date?

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If you miss the deadline for submitting your BAS statements, you may face a failure to lodge (FTL) penalty. The fines for this offence can be higher if you frequently lodge your BAS late, but generally, for every 28 days (or part thereof) that your business is late in lodging, you can be fined $110. 

The maximum penalty for this offence is capped at $550. 

You must attend to your BAS lodgement date to avoid these penalties and ensure compliance with ATO regulations.

What are the Benefits of Hiring a BAS Accountant?

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While it’s possible for most businesses to handle their own BAS lodgement, hiring a BAS accountant or registered tax agent offers numerous benefits, including: 

  • Expert guidance and advice on compiling and lodging your BAS
  • Access to extended lodgement dates
  • Time savings and efficiency in the process of preparing BAS
  • Compliance with ATO regulations
  • Avoidance of financial penalties
  • Improved financial health of your business 
  • Professional expertise and knowledge of BAS tax laws
  • Customised services to fit the specific needs of your business
  • Peace of mind and stress-free BAS return lodgement
  • Access to accounting software tools to help you effectively manage your tax invoices
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Why Choose KNS to Lodge Your Business Activity Statements?

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At KNS, we offer various services to help you with your BAS lodgement. Our BAS agent team has the expertise and knowledge to guide you through preparing BAS, ensuring that your BAS is accurate, on time and compliant with ATO regulations.

We also offer customised services to fit the specific needs of your business. Whether you need assistance with monthly, quarterly, or annual BAS lodgement, our team is here to help. We also provide timely and reliable support, so you can trust that your BAS will be submitted on time without issues.

Choose KNS for your BAS lodgement and enjoy the peace of mind and stress-free experience of working with experienced professionals.

Contact us today to learn how we can help you stay on top of your BAS obligations. 

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Trust

We are proud of our long-standing relationships with our clients over the years. Many of them have been with us for a long time and trust us to manage their finances responsibly. We are committed to providing the highest level of service and support so our clients can feel confident in their financial management.

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Professionalism

Our team of accountants is dedicated to upholding the highest standards of professionalism in everything they do. They are competent, knowledgeable, and deeply understand BAS accounting. This expertise allows them to provide valuable insights and advice to our clients.

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Quality

We are committed to helping our clients achieve their financial goals. Our team of experienced accountants provide quality services and tailored solutions for businesses of all sizes. Whether you need assistance with your BAS lodgement, tax planning, or financial management, we have the expertise and knowledge to help.

Blacktown Branch

Suite 102, 69 Holbeche Rd Arndell Park NSW 2148

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Accounting Made Simple.

BAS Services Made Simple. Speak to our BAS Accountants Today!

At KNS, our BAS agents are dedicated to simplifying the process of BAS lodgement for our clients. Our team of experienced accountants, business advisors, and tax agents can provide expert guidance and advice on how to compile and lodge your BAS accurately and efficiently. We can also assist with tax planning, financial management, and other accounting services. 

Contact us today to learn more and get started.

Phone

(02) 9625 2388

Email

info@knsaccountants.com.au

LUDDENHAM OFFICE

70 Campbell St Luddenham NSW 2745

ARDNELL PARK OFFICE

Suite 102, 69 Holbeche Rd Arndell Park NSW 2148

ALBURY OFFICE

Level 1, 6/571 Dean Street Albury NSW 2640

Lets Have A Chat

We focus on relationships with our clients, being available to answer any business, accounting, or tax questions you have.

FAQs

BAS examples include details on your sales, expenses, GST liabilities, PAYG withholdings, and more. It’s a comprehensive report that provides insights into the financial health of your business.

Preparing BAS involves collecting all relevant financial data, understanding the various tax obligations, and accurately filling out the BAS form. Hiring a BAS accountant can simplify this process.

To complete BAS efficiently, ensure you maintain regular financial records, understand your tax obligations, and consider using accounting software or hiring a BAS accountant for expert guidance.

A BAS return is the actual submission of your Business Activity Statement to the ATO, while BAS statements refer to the documents detailing your business’s financial activities.

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Riya Roshan UNDERGRADUATE

Riya is the newest addition to the KNS team and looks after bookkeeping and administration for us. She is currently completing her Bachelor of Professional Accounting degree from Macquarie University, and is aiming to pursue her career as a forensic accountant when she graduates.

She is also a certified Xero and Quickbooks advisor.

When Riya isn't studying or at work, you can find her binging on Netflix!

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Simrani Prasad UNDERGRADUATE

Simrani joined the KNS family in July 2020. She’s currently studying at Macquarie University and has aspirations to be a property tax specialist in the future!

With a passion for investing in property, shares and crypto, Simrani keeps up-to-date with the latest market trends. Simrani takes care of all bookkeeping, individual tax returns and is a certified Xero and Quickbooks advisor.

In her spare time, she loves organising events for the team like monthly drinks and weekends away

Abigail Adriano Accountant

Abigail is a dedicated Accountant with a flair for baking and a deep love for her family. As a mother of one, she understands the importance of balancing work and personal life. In her professional role, Abigail goes above and beyond to assist her clients with efficiency and a personal touch, making sure to always exceed expectations.

With a true passion for accounting, Abigail excels in her field, particularly in areas such as payroll, superannuation obligations, and tax returns for individuals and businesses of all sizes. Clients trust Abigail not only for her expertise but also for her warm and approachable nature, making them feel at ease when discussing their financial matters with her.

When she's not crunching numbers, Abigail enjoys spending quality time with her loved ones, baking delicious treats, and creating joyful memories with her family. Her dedication to both her professional and personal life is a testament to her strong work ethic and caring nature.

Raj Singh Accountant & Virtual Chief Financial Officer

As a seasoned professional providing top-tier accounting services and acting as a Chief Financial Officer for A-listed clients, Raj brings a unique blend of financial expertise and strategic leadership. With a relentless dedication to ensuring clients' financial success, He takes pride in keeping the financial affairs in pristine order while driving growth and profitability.

Beyond the boardroom, Raj's passion extends to the soccer and rugby fields, where he finds joy in the competitive spirit and teamwork these sports offer. Whether strategising business plans or game-winning plays, his love for both fields shine through his commitment to excellence.

In the kitchen, Raj finds solace in cooking up delicious meals for his loved ones, embodying caring nature through the act of nourishing and bringing people together. This same caring nature extends to his professional life, where he strives to keep the team cohesive and motivated, believing that a united team is the key to achieving remarkable results.

When Raj is not assisting clients or leading the team to success, you can find his cherishing quality time with his family. Balancing work and personal life are essential to him, and he find that reconnecting with his loved ones fuels to drive and passion for what he does.

Krishan Sharma Accountant & SMSF Auditor

Krishan Sharma is a dedicated SMSF Auditor, renowned for his expertise and professionalism in the field.

As the proud recipient of the prestigious Institute of Public Accountants 2022 Member of the year award (New South Wales), Krishan as consistently demonstrated his commitment to excellence in accounting and SMSF auditing.

A registered tax agent and a registered practitioner with Chartered Accountants Australia and New Zealand, Krishan possesses a wealth of knowledge and experience that sets him apart in the industry. His meticulous attention to detail and deep understanding of financial regulations have earned him the respect of his peers and clients alike.

Beyond his professional achievements, Krishan in his personal life finds fulfillment in giving back to his community through volunteering with religious groups. He cherishes quality time spent with his family and children, finding joy in creating lasting memories together.

Krishan Sharma is not just a skilled accountant and SMSF auditor, but also a compassionate individual who strives to make a positive impact both professionally and personally.