BAS Agent
Our experts provide strategic business consulting and tax advice for business owners
Any business registered for goods and service tax (GST) needs to submit a Business Activity Statement to the Australian Tax Office. This statement enables businesses to report and pay their GST, pay as you go tax instalments and withholding tax as well as other taxes due. However, this is where it gets complicated. Using a BAS agent will take the stress out of these quarterly ATO obligations.
If you dread having to sit down and attempt to complete the various elements of your business activity statements every quarter, it’s time to outsource this tricky task to the experts.
What is a BAS Agent?
A BAS agent is someone registered with the Tax Practitioners Board who have satisfied the education, experience and good character requirements to be authorised to prepare, lodge and revise activity statements with the ATO on behalf of paying clients.
A BAS agent is someone registered with the Tax Practitioners Board who have satisfied the education, experience and good character requirements to be authorised to prepare, lodge and revise activity statements with the ATO on behalf of paying clients.
Why Should I Work With A BAS Agent?
There are various different forms which businesses can complete and although BAS statements are traditionally issued quarterly, some parts of it are required to be submitted annually while others need to be submitted quarterly. Before you panic, know that is help at hand. When you have queries or concerns about completing and issuing your BAS or need help filling out your business activity statements in Brisbane, Watson & Watt are your local tax agent which means we can do everything a BAS agent in Brisbane can do – and more.
BAS Agents Servicing Brisbane
As a registered tax agents we do everything a BAS agent can do and more. We’ve completed thousands of business activity statements for clients so we know the form and the requirements inside out and are fully equipped with the knowledge, experience and expertise to handle any BAS query or requirement.
As a registered tax agents we do everything a BAS agent can do and more. We’ve completed thousands of business activity statements for clients so we know the form and the requirements inside out and are fully equipped with the knowledge, experience and expertise to handle any BAS query or requirement.
Hassle Free BAS Statements Brisbane
Every year businesses throughout the country are faced with completing and filing their business activity statements (BAS Brisbane). While initially, this may seem like a task that can be handled in-house, once face-to-face with this serious legal document, the reality of what is required quickly becomes apparent. If you are getting ready to prepare a BAS for your Brisbane business, then you really need to think seriously about who is going to complete the work.
At Watson & Watt, we are the help businesses with BAS in Brisbane. Having worked our way up from a family of small business owners, we appreciate that sometimes the budget dictates the choices that you make. However, when it comes to preparing your BAS in Brisbane, choosing an unregistered bookkeeper over a registered agent could cost you more money in the long run.
Since the ATO regulated the bookkeeping industry a certain professional standard is required for those that complete the BAS for a company. The reason why is because many inexperienced bookkeepers acting in good faith in the past, ended up costing their employers a lot of money as a result of the unprofessional work that they completed.
A professional was usually required to clean up the mess in the aftermath of the errors being highlighted and this brought both more expense and stress. We want to afford you the chance to avoid these problems and get on with doing what you do best.
Reduce GST Payemenst With Your Business Activity Statements Brisbane
There’s no getting around lodging your BAS. Unfortunately, failure to lodge a business activity statement can result in financial penalties and is highly frowned upon by the Australian Tax Office. With running a small business, you don’t need the extra hassle of paying BAS penalties and getting a telling off from the tax office.We’re known as the specialists in BAS statements Brisbane wide, helping SMEs from various sectors to ensure on time, accurate preparation and filing of business activity statements every quarter. Even better for you, when you acquire the help of a registered BAS agent to complete your statement, you get an additional four weeks extension to submit your BAS payments – that four week extension can go a long way in easing cash flow for small business owners.
There’s no getting around lodging your BAS. Unfortunately, failure to lodge a business activity statement can result in financial penalties and is highly frowned upon by the Australian Tax Office. With running a small business, you don’t need the extra hassle of paying BAS penalties and getting a telling off from the tax office.We’re known as the specialists in BAS statements Brisbane wide, helping SMEs from various sectors to ensure on time, accurate preparation and filing of business activity statements every quarter. Even better for you, when you acquire the help of a registered BAS agent to complete your statement, you get an additional four weeks extension to submit your BAS payments – that four week extension can go a long way in easing cash flow for small business owners.
Benefits of Hiring a BAS Agent
When you need BAS statements in Brisbane, the team here at Watson & Watt are your best possible choice. Our tax specialists are motivated to help our clients, whether that is in the completion of the financial duties, or growing their business, or both at the same time. We are a registered Tax Agent, which means that once you hand the task over to us you can feel confident that it will be completed with meticulous attention to detail and absolute precision.
If you have a concern about how well maintained your data file is, or if this is your first time to approach what can be a complicated process, then we are here to relieve you of that burden and get everything into good order. We afford all our new clients a free 30-minute consultation, to begin with, so that we can get a sense of what your needs are, and so that you can learn about the many advantages you stand to gain by working with us.
Accounting services in Brisbane
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Business Accounting support
Accounting & Tax
Stay on the front foot with the ATO when we take control of your lodgement program. Know what taxes are due when, and budget for it.
What we offer:
- Up to date & squeaky clean with ATO
- Direct access to experienced advisors
- Pragmatic advice
- We know the people you need to know
Business Consulting
Stuck in your business? Ready to turn your dream business into reality? Our 3-step process brings freedom from frustration.
What we offer:
- Clarify the direction for your business
- Build rock solid foundations
- Understand your numbers and how to maximise them
- Accountability
why choose us
We give solutions, not just information
Experts who know the ATO
We understand how to navigate tax successfully
No surprise fees
No surprise invoices, our fees are fixed and agreed in advance
We are your growth partner
Pragmatic advisors with a focus on your profit
Your safe set of hands
We give confidence that your tax lodgements are up to date and under control
why clients love us
We help business owners like you take control of their finances
You ask.
We answer
What services do you offer?
At Watson & Watt we provide a wide range of professional accounting and financial services to meet your individual and business needs. Our services include:
1. Tax Compliance:
We specialize in tax compliance, ensuring that your financial statements are accurately prepared and tax returns are filed on time. Our expertise includes;
- Bookkeeping
- Preparation & Lodgment of Business Activity Statements (BAS)
- Financial Statement & Income Tax Preparation
- Fringe Benefits tax returns and advice
- Managing company registers and liasing with ASIC.
2. Tax Planning:
Our tax planning services are designed to help you minimize your tax liabilities while staying compliant with the latest tax laws and regulations. We work with you to develop strategies that optimize your tax position.
3. Business Consulting:
Our experienced team offers comprehensive business consulting services, including:
- Goal Setting: We help you define clear and achievable goals to drive your business forward.
- Strategy Development: We work with you to create a tailored business strategy that aligns with your goals and helps you navigate challenges effectively.
- Accountability: Our accountability services provide you with the guidance and support needed to ensure you're on track to meet your business objectives.
- Budgeting: We assist in creating budgets that allow you to manage your finances effectively and reach your financial targets.
- Forecasting: Our forecasting services provide insights into future financial performance, enabling you to plan and make informed decisions for both cash and profit.
- Performance Analysis: We evaluate your business's financial performance and provide recommendations to enhance profitability and efficiency.
How does your pricing work?
All our pricing is fixed, agreed in advance and paid via direct debit. And for those that qualify we offer a 12 month payment plan at no extra cost where we spread the costs of the year’s services over 12 equal instalments.
Each year we will send you a new proposal with updated pricing and schedule of services.
Should you require additional services in the period we will provide you with a proposal for those services before we do any work. That way you are always in control.
What happens after we enquire?
After you submit an enquiry we will organise a time to for a free video meeting or phone call at a time suitable for us both. This meeting can go up to 30 minutes long and is a chance for us both to get to know each other, find out what you are looking for and whether we are a good fit for each other.
If we both agree that we can work well together and deliver you the outcomes you are looking for, we will provide you with a proposal for our services which will outline the services, costs involved and our terms and conditions. Once that is accepted there are some compliance requirements we need to satisfy such as ID verification and tax agent linking on the business portal. But we will outline all that in detail once that time comes.
Do you do individual tax returns?
We only do individual tax returns for those individuals who are part of a business group (e.g the shareholders/directors) we do the accounting for, and for those with substantial investments and investment structures such as family trusts or self-managed super funds.
How do you work with clients?
We work with our clients through a combination of email, phone, video and if the case requires it, face to face meetings.