All trades and service businesses registered for GST need to lodge a business activity statement (BAS) either monthly or quarterly to keep up with their GST obligations. The monthly or quarterly BAS reports are submitted to the ATO with the purpose of reporting and paying for your tax obligations including GST, pay as you go (PAYG) instalments, PAYG withholding tax and other taxes.

As a registered BAS Agent, Office Shed will ensure your BAS Report is filed correctly and by the correct dates. It is important that your Business Activity Statements or BAS Reports are lodged on time to avoid penalties. Office Shed are able to access and lodge your reports via Xero or the ATO BAS Agent portal. We are also able to liaise with the ATO on your behalf if you need some extra time or a payment arrangement.

Tradies can lodge their Business Activity Statements either Monthly or Quarterly, this is usually determined by your annual sales turnover and / or your amount of PAYG from wages and salaries. For those tradies who are not registered for GST, you may need lodge Income Activity Statements (IAS) to report you tax responsibilities.

As part of our Bookkeeping Service for tradies Office Shed can prepare and lodge your Business Activity Statements or Income Activity Statements. This service is included in our Gold Books Pack or can be added as a bolt on for any of our Admins Support or Bookkeeping for Tradie packages. You can opt for either Monthly BAS Report or Quarterly BAS Reports.

Getting your business Activity statement correct and keeping them lodged on time is critical for your taxation and business purposes. Both Office Shed and our Director Jay McClure are Registered BAS agents with years of experience. Don’t take on this time consuming and business critical task yourself, let Office Shed to take care of it!

Monthly BAS Reports

Office Shed will prepare and lodge your Business Statement to the ATO every month via either Xero or our ATO BAS Agent Portal. This can be included in our Bookkeeping Service for tradies as part of Gold Books Pack or as a standalone service

Quarterly BAS Reports

Office Sherd will prepare and lodge your Business Activity Statement to the ATO every quarter via Xero or our BAS Agent Portal. This can be included in our Bookkeeping Service for tradies as part of Gold Books Pack or as a standalone service.

Bookkeeper v Accountant

Not only is price going to be a key factor here but Bookkeepers and BAS agents are trained in transactional data allocation. Whereas your accountant focuses on your accounts as a whole. We will be making sure that your costs have been allocated to the correct categories with the correct tax codes. As registered BAS Agents only working with trades and services businesses, we are highly experienced and can guarantee our work is accurate and efficient.

Accounting Software

Office Shed recommends Xero as the best accounting software for Tradies. Using a cloud-based account software such as Xero makes preparing BAS reports a straight forward process for tradies when working with a registered BAS Agent or Bookkeeper. We can even submit your BAS directly from Xero with a click of a button!

Bookkeeping Services

Office Shed provide a full suite of bookkeeping services for tradies including creditor and debtor management and payroll services. Having all you bookkeeping needs in one place makes good business sense. Call us today to discuss how we can help keep your accounts up to date and streamlined.

Admin Support Services

BAS Reports and Bookkeeping are only one part of the specialised business solutions we offer. Office Shed can take on most admin from scheduling, quoting, invoicing, job management software and call answering. Contact us to find out about all of our time saving admin support services for tradies today.