Preparing for BAS: Everything You Need to Know

Business Activity Statements (BAS) are an essential part of running a business in Australia, helping you report and pay taxes such as GST, PAYG, and other obligations

While BAS preparation can seem daunting, staying organised and compliant doesn’t have to be stressful. In this guide, we’ll break down everything you need to know about BAS in 2025 and how AMC Biz Solutions can simplify the process for you.

A BAS is a tax reporting requirement for businesses registered for GST. It includes:

• Goods and Services Tax (GST)
• Pay-As-You-Go (PAYG) instalments
• PAYG withholding (for employees’ tax obligations)
• Fringe Benefits Tax (FBT) instalments

Submitting accurate BAS reports ensures you remain compliant with the Australian Taxation Office (ATO) and avoid penalties.

It’s crucial to meet the submission deadlines to avoid late fees and penalties. Here are the typical BAS lodgement dates:

• Monthly BAS: Due on the 21st of the following month.
• Quarterly BAS: Due on the following dates in 2025:

– Q1 (January–March): April 28, 2025
– Q2 (April–June): July 28, 2025
– Q3 (July–September): October 28, 2025
– Q4 (October–December): January 28, 2026

If these dates fall on a weekend or public holiday, the due date moves to the next business day.

Preparing your BAS doesn’t have to be overwhelming. Here’s how you can simplify the process:

• Use Accounting Software: Platforms like Xero streamline BAS reporting by automatically tracking GST, PAYG, and other tax obligations.
• Keep Records Organised: Store all invoices, receipts, and payroll documents digitally for easy access.
• Track GST Regularly: Reconcile GST amounts monthly to avoid last-minute surprises.
• Stay Informed: Monitor any changes to ATO regulations or reporting requirements in 2025.

Preparing and lodging your BAS with precision requires time, attention to detail, and expertise. AMC Biz Solutions can:

• Handle all aspects of BAS preparation and lodgement, ensuring accuracy and timeliness.
• Reconcile your accounts regularly to make sure all data is up-to-date.
• Collaborate with your accountant for seamless reporting.
• Provide peace of mind, so you can focus on growing your business.

Even small errors in BAS can lead to significant headaches. Here are some common mistakes:

• Failing to report all income.
• Misclassifying GST-free sales.
• Not reconciling figures before lodging.
• Missing submission deadlines.

AMC Biz Solutions helps you avoid these pitfalls with our meticulous approach to bookkeeping and BAS management.

BAS preparation doesn’t have to be a source of stress. With the right tools, strategies, and professional support, you can meet your compliance obligations while focusing on your business.

Ready to take the hassle out of BAS? Contact AMC Biz Solutions today, and let us handle your BAS preparation and lodgement with confidence and care.