Financials, BAS & Tax Returns
Epic Tax & Accounting Advisory can provide you with full assistance and support in the correct and timely preparation and lodgement of financial reports, business activity statements (BAS), and tax returns.
1
What is BAS?
Business activity statements (BAS) are forms that are issued by and need to be submitted back to the Australian Tax Office (ATO) either on a monthly or a quarterly basis. These will help you report and pay for goods and services tax (GST), pay as you go (PAYG) instalments, PAYG withholding tax, and other applicable taxes.
2
What are Financial Reports?
Financial reports are detailed written records that show the business activities and financial performance of your business which are audited to ensure accuracy for tax, financing, and investment purposes.
3
What are Tax Returns?
Tax returns are forms your business must lodge with the government each year that shows how much money your business earns and reports your tax obligations and deductions.
4
Why are they important?
BAS, financial reports, and tax returns are required by the government to be prepared and lodged on time every time throughout the year so you can properly calculate how much tax you need to pay or that the ATO owes to you.
