At Brian Taylor & Associates, we specialize in providing accounting services for small businesses like sole traders, farmers, cafes, gyms, tradies and services firms. Our team has extensive experience working with entrepreneurs and helping them navigate the financial challenges of starting and running a business. Bank recs, loan recs, asset registers, payroll, super, STP, GST, these are just some of the areas we can help you with. Software stacks are designed to suit your accounting workflows and business needs.
Leave the numbers and the paperwork to us. Focus on your Team, your Clients and your Family. We want you to ENJOY running a small business, not despise it or fear it.
By lodging your BAS with a registered tax agent, and assuming your tax history is acceptable to the ATO, you may be eligible for an extension on your BAS lodgment and payment due dates. For most of our clients, this gives them an extra month to lodge and pay their BAS liabilities on a typical quarterly BAS cycle.
If you give your BAS agent all the right information and they make a mistake, you generally won’t be penalized for it. You still have to pay any tax owed and interest, but you avoid fines. In simple terms, the penalty risk shifts from you to the agent.
A BAS or tax agent knows how the ATO works and what they will accept, so they can usually get better, more workable payment plans approved. They also have access to a dedicated agent line at the ATO, which means faster contact and more efficient handling of your matter. Lodgments, payment plans, DPO's and Audits are all better left with your Agent to deal with, while you focus on running your business!
By using a BAS Agent and experienced bookkeeper, your accounts and compliance reports will contain less errors and be more acceptable to the ATO. Checks and reviews will have been done, reducing the probability that your accounts will be audited. This is no guarantee, but in practice using a professional bookkeeper and BAS Agent is highly recommended to reduce overall risk in the accounts.
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