Riding the Tax Compliance Wave in Australia

We’re here to help you navigate the ins and outs of BAS, IAS, and STP reporting with ease.

BAS (Business Activity Statement) – Get Your Tax Affairs Sorted

  • No More Tax Hassles: BAS might sound like a bore, but trust us, it’s a crucial part of keeping your business tax-compliant. Let us handle the nitty-gritty so you can get back to doing what you do best – running your business.

IAS (Instalment Activity Statement) – Stay on Top of Your Tax Instalments

  • Simple Instalment Management: IAS reporting doesn’t have to be a headache. We’ll take care of all your reporting requirements, so you can stay focused on growing your business without worrying about tax obligations whether that be a Monthly cycle or Quarterly as part of your BAS
  • Smooth Sailing Through Tax Season: With our expert guidance, tax season will be a breeze. With our bookkeeping support – your file will be ready for your Tax Accountant to do there thing. As needed we will liaise with them to answer any questions they may have come tax time.

STP (Single Touch Payroll) Reporting – Streamline Your Payroll Processes

  • Effortless Payroll Reporting: STP reporting might sound complex, but it doesn’t have to be. We’ll simplify the process and ensure your payroll reporting is always up to date and compliant.
  • EOY reconciliations – The payroll compliance doesn’t finish at the end of the pay period – we will reconcile the full years Payroll, lodge with the ATO and let your staff get on with their tax in a timely manner. We will also work with Return to work SA (or your local Workcover provider) to lodge your annual returns. And if your business is big and getting hit with our favourite tax (not!) Payroll tax – we can cover that also!

Ready to Get Started?

Say hello to stress-free finances with SG Balanced Solutions. Get in touch today to schedule a chat and see how we can make your life a whole lot easier!

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Why Choose Us

  • Comprehensive BAS and IAS Management

    We expertly handle your Business Activity Statements (BAS) and Instalment Activity Statements (IAS), ensuring accurate and timely lodgment with the Australian Taxation Office (ATO) to avoid penalties and interest charges.

  • Single Touch Payroll (STP) Expertise

    Our team is proficient in STP compliance, ensuring that your payroll information is reported correctly and on time to the ATO, keeping you in line with current regulations.

  • Up-to-Date Knowledge

    We stay current with the latest changes and updates to ATO payroll reporting requirements.

  • Accurate Record Keeping

    Precision is key to compliance. We maintain meticulous records of your financial transactions and payroll data, providing you with the necessary documentation to support your compliance efforts.

Frequently Asked Questions

Tax compliance involves adhering to all tax laws and regulations, including timely filing and accurate reporting of taxes. It is important because non-compliance can result in penalties, interest charges, and legal issues.

BAS (Business Activity Statement) is a form submitted to the ATO by businesses to report and pay GST, PAYG withholding, and other tax obligations. IAS (Instalment Activity Statement) is used to report PAYG withholding instalments and is generally a monthly obligation.. in most cases!).

STP is a reporting requirement for employers, where payroll information is sent directly to the ATO each time employees are paid. It includes details of salaries, wages, PAYG withholding, and superannuation.

The frequency of lodgement depends on your business size and turnover. Typically, BAS is lodged quarterly, sometimes monthly, while IAS is generally lodged monthly and reports PAYG Withholdings.

Ensure your payroll software is STP-enabled, regularly update employee details, and accurately report each payroll cycle to the ATO. Staying informed about any changes in STP requirements is also essential.

You should keep records of all income, expenses, payroll, GST collected and paid, PAYG withholding, and any other relevant financial transactions. These records should be kept for at least five years.

Testimonials

Our experience with SG Balanced Solutions has been exceptional. Sarah is efficient, attentive, knowledgeable and is always willing to answer questions or troubleshoot.

I highly recommend the services of SG Balanced Solutions.

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