Is this your first time lodging a business activity statement - TopicsExpress

Is this your first time lodging a business activity statement (BAS)? Consider lodging online and avoid making mistakes which may delay any GST refunds due to you. By getting your BAS right the first time, you can spend more time focusing on your customers and growing your business. Here are some tips to prevent common mistakes: • Check that all tax invoices are valid. • Check that invoices are only entered once. • Check that expenses and sales are for the current tax period. • Before lodging, check that the amount calculated on your BAS equals what you expect to pay or receive as a refund. For more helpful tips on lodging your BAS correctly and on time, visit https://ato.gov.au/avoidingGSTerrors

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