BAS Lodgement – how to avoid penalties

Several options are available for lodging your business activity statements (BAS) and reporting your goods and services tax (GST) to the Australian Taxation Office (ATO).

For most businesses, online BAS lodgement is an option because missed or overdue lodgement may incur penalties over time. Even if you can’t pay, lodge on time to avoid this extra cost.

Here are various BAS lodgements that you can do in order to avoid penalties, even if you can’t afford it.

Lodge Online

BAS quarterly lodgement online means being eligible for a concession. This gives you two extra weeks to lodge and pay.

Each of the following online options will step you through the process as you go:

  1. Online services for individuals and sole traders – this is accessed through my Gov and allows you to manage your tax and super in one place.
  2. SBR-enabled softwareExternal Link – allows secure online lodgment directly from financial, accounting or payroll software, and often integrated with business software that’s tailored to specific industries. Click here to see the different forms available.
  3. Business Portal – a secure ATO website that you can use to manage your business tax affairs online.

Lodgement through Tax or BAS Agent

By having a registered tax or BAS agent, they are able to lodge, vary, and pay on your behalf through their preferred electronic channel.

The benefits of using an agent:

  1. they are able to view activity statements that are being sent to your myGov inbox
  2. you are still able tol access your activity statement through the Business Portal or myGov even if your agent is managing them on your behalf.

Nothing to report (“nil” BAS)

If you have nothing to report for the period, you still need to lodge your BAS as “nil”.

There are several ways you can lodge your ‘nil’ BAS:

  1. online
  2. by phone on 13 72 26
  3. this is an automated service and you can call whenever, wherever because it is available 24 hours a day, seven days a week
  4. ensure that you have your activity statement document identification number (DIN) handy when phoning

Lodge by Mail

If you prefer to handle everything manually, you may opt to lodge your BAS by mail. However, it is not advisable to lodge your BAS if you are already using an online channel.

To mail your lodge, prepare the original and completed BAS using the pre-addressed envelope provided in your business activity statements package.

As much as possible, avoid making errors on your BAS paper. However, you can still use white-out in case there need to be corrections to be made.

If in case the pre-addressed BAS envelope included in your BAS package has been misplaced, you may send your BAS to the following address:

Australian Taxation Office

Locked Bag 1936

ALBURY  NSW  2640

If your paper BAS is lost or you still have not received it, please contact us at 13 28 66 in order to get a copy.

How Statements will be Received

Whichever method you use to lodge your BAS will determine how you will receive your future statements. If you lodge through the Business Portal, expect to receive your statement via the Business Portal.

Keep in mind that the Australian Taxation Office (ATO) will notify you via email when your activity statements are available for viewing so ensure that your contact details are up to date to avoid issues and the possibility of incurring charges and penalties.

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