We help you manage your GST responsibilities, managing PAYG instalments, and advising on tax credits and deductions. By working with us, you ensure your BAS is handled efficiently, enabling you to concentrate on your business objectives. This support extends to advising on fuel tax credits, luxury car tax, and wine equalisation tax, among others.
Why choose TMS Financials
Streamlining your business financial management
Extended BAS Lodgment Deadlines
Professional ATO Representation
When TMS Financials represents your small business with the ATO, it enhances the confidence the tax office may have in your compliance. Our experienced tax agents provide professional representation, which can help streamline your interactions with the ATO and reduce the likelihood of audits or detailed examinations.
Lodge your BAS with TMS Financials
We’re an Australian tax accounting firm with 30+ years of experience serving business owners and investors. Our reputation for reliability and exceptional client service is built on providing accurate financial advice and asset protection. We remain committed to serving our clients with integrity, professionalism, and quality, and have the expertise to help you succeed.
TMS Financials is online now
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INDUSTRY ASSOCIATIONS
TMS Financials is a proud member of the following
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Eng Sivieng
Principal of TMS Financials
We strive to build long-term relationships with our clients and to be a trusted advisor for all their financial needs.
Lodging Your Business Activity Statement (BAS)
Here’s what you need to know about BAS lodgment schedules based on your business’s revenue:
For businesses with an annual turnover of more than $20 million
Quarterly Lodgment Deadlines
BAS submissions are due by the 28th day after the quarter ends. For the 2024 financial year, the deadlines are 28 July, 28 October, 28 January, and 28 April. If these dates fall on a weekend or public holiday, the next business day is your deadline.
Monthly Lodgment Deadlines
Annual Lodgment Deadline
Small businesses with a turnover under $10 million, even if eligible for annual BAS reporting, are required to make quarterly payments for Goods and Services Tax (GST), Pay As You Go (PAYG) withholding, fuel tax credits, and possibly, wine equalisation tax.
You can manage your BAS through the ATO’s online services. Ensure your Australian Business Number (ABN) is accurate and current. To stay compliant with the Tax Practitioners Board, use the proper accounting methods and ensure the accuracy of your BAS figures.
Your BAS isn’t just a formality, it’s a crucial tool for managing various taxes related to your business size and type, including income tax and services tax.
Disclaimer
Contact us today for a consultation.
Contact us today to learn more about how our accounting services can benefit your business. We look forward to hearing from you and helping you achieve financial success!
Lodge your BAS now