When you hire a bookkeeper to help with the paperwork and finances for your business, you may or may not make the BAS (business activity statement) a top priority. With so many bookkeeping tasks to think about—ranging from payroll management to superannuation and beyond—that you may have hired a bookkeeper for any number of reasons.
However, when the time comes to prepare a BAS form for your business, you may wonder if you need to hire a separate BAS agent in Osborne Park or Morley to help. Read on to learn more about what a BAS accountant is, what these specialists do and when or why you might wish to hire one.
What Is a BAS Agent?
Technically speaking, all BAS agents are bookkeepers, but not all bookkeepers are BAS agents. The BAS agent role wasn’t established until the tail end of the last decade, with the passing of the Tax Agent Services Act 2009. In the simplest of terms, a BAS agent is just a bookkeeper with the extra qualifications, experience, insurance, education and registration requirements required to prepared a BAS form for businesses like yours.
So why would you hire a BAS agent in Morley or Osborne Park (and why is this particular role so much more demanding than typical bookkeeping)? BAS statements are, to put it lightly, exceedingly complicated. A BAS statement is the form that a business must use to communicate many of its tax obligations to the ATO. These taxes include everything from GST to luxury car tax to fringe benefits tax and more.
For most businesses, BAS statements prove too complicated to handle in-house. Furthermore, with help from someone who knows the BAS form well, you can avoid mistakes, get more tax benefits and ensure that you are always lodging your forms with the ATO on time. Plus, since a BAS accountant has more insurance than a typical bookkeeper, you have extra protection in case there is a mistake.
In other words, if you own a business that needs to prepare a BAS statement, you can benefit from hiring a BAS accountant to lend a hand.
Choose My Bookkeeper Perth as Your BAS Accountant in Osborne Park or Morley
Perhaps you are looking specifically for a BAS accountant in Morley or Osborne Park, or maybe you only want to hire the most versatile and skilled bookkeeper you can find. Either way, our BAS agents at My Bookkeeper Perth are perfect for the job. We will help you to understand your tax obligations under the BAS provision, as well as assist you in preparing the paperwork and dealing with the ATO.
BAS statements are complicated and riddled with potential pitfalls. Think of it this way: if most bookkeepers aren’t allowed to prepare these forms, should you be attempting them on your own? Protect your business and save yourself time and frustration by hiring a reputable BAS agent today.
Give us a call at My Bookkeeper Perth to learn more about our BAS accountants and the other services we provide. You can reach us on (08) 9490 9555.