ATO’s tips to help taxpayers stay on top of their BAS
The ATO has the following tips to help taxpayers get their BAS right before they lodge:
- You should make sure to enter the figures for your obligations at the correct label, and only complete applicable fields.
- If lodging online, or through a registered tax or BAS agent, you may be able to get an extra 2 or 4 weeks to lodge and pay.
-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 a mistake was made on the last BAS, instead of lodging a revision, you may be able to use the current BAS to fix it. For example, by using label 1A to adjust GST on sales, or label 1B to adjust GST on purchases.
- You can also use their BAS to vary an instalment amount.
Please contact us if you require any assistance.