Tips for getting your BAS right

Tips for getting your BAS right

Some businesses make simple mistakes, others don’t provide up-to-date information and others don’t take advantage of time saving options.

Here’s five tips to help you save time and get things right the first time:

1. Lodge all your outstanding activity statements.  The ATO can’t process refunds until all your lodgements are up-to-date.
2. Fill in the contact telephone number and name of the person who completed the BAS.  The ATO can then check any small details quickly and easily over the phone.
3. Make sure the ATO have your latest financial institution details.  Without this information the ATO can’t issue your refunds.  You can update your details online or phone 13 92 26.
4. Leave paper behind and lodge online.  If you do lodge online, don’t send a paper copy as well – this can cause delays in processing.
5. Check all the amounts you’ve filled in:
   1. the right amounts are at the right labels
   2. you’ve transferred amounts correctly to the summary section
   3. all your additions are correct.

If you require any assistance with preparation of your BAS please contact our office.