The Business Activity Statement (BAS) is a form submitted to the Australian Taxation Office by all businesses to report their taxation obligations.

These include Pay as you Go Withholding (PAYGW), Pay as you Go Instalments (PAYGI), Fringe Benefits Tax (FBT), Wine Equalisation Tax (WET) and Luxury Car Tax (LCT). PAYGW is sometimes known as "Income Tax Withholding (ITW)," PAYGI is sometimes known as "Income Tax Instalments (ITI)".

One of the important criteria for the  success of a business depends on  the well maintainence of their accounts. In case the accounts of the business are not well organised and in order, it will not be possible to maintain positive cash flow and keep your business on track to protect it from nasty surprises.

By outsourcing your accounts preparation to ICNIPL we will not only save you from the hectic headache of maintaining accounts which is a very costly expense for any business but also regularly prepare and submit your BAS STATEMENT. As per the recent ATO rules, BAS submission (other than by the business’ own staff) must be undertaken by certified tax agents. ICNIPL is fully certified to submit your BAS.

ICNIPL can provide you with business activity statement help whether  you are using MYOB or any other software. ICNIPL can prepare your BAS for you from your bank statements on a monthly or quarterly basis  and will  give you a report on how your business is progressing at the same time. Whether you are just starting up a business or have complex transaction that requires specialised  advice ICNIPL have both time and cost effective solutions for you.

ICNIPL team is experienced in all GST matters and will keep you up to date with the latest ATO rulings and best practice. In case of  BAS audit, our team will guide you though your requirement and will defend you against the ATO.