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BAS Statement Payment Filing Due Dates

Once a business gets up and running there are always deadlines to meet. Whether your ever-growing client list is growing and putting pressure on your ability to produce or deliver services, or if you are continually facing the countdown toward the next performance review, it goes without saying that business owners have a lot on their plates. Complicating matters are BAS filing dates, which are inevitable and are something that we are all aware of, but somehow manage to keep putting on the long finger when things are busy. 

How to Take the Pressure Out of BAS Filing Dates

Here at Watson & Watt, we appreciate that until the deadline is reached there may be a mindset that there is still time to complete the necessary work and get it in. However, we think BAS dates and such deadlines are great motivators and deliver the opportunity to get a true sense of where the business is today, in comparison with where expectations were at the start of the year.

As a boutique CPA firm, we enjoy nothing more than working with small businesses, even with their BAS is due. Our specialised approach is one that takes advantage of the very best conveniences that technology affords, which means that we can take those menial accounting and taxation jobs that you dread and complete them with the accuracy you expect in relatively short amounts of time.

The Upside to Filing Your BAS Statements on Time

BAS return dates indicate to any business that the time has come for a quarterly review. Even though you could probably do without the hassle or the time required to go through everything with your trusted accountants, the truth is that these reviews give you a great snapshot as to how things are progressing financially. From one quarter to the next you’ll be able to see how things have changed. 

Just like in your personal life where having a good track record of paying what’s owed on time is important when you need financial assistance, the same can be said of meeting your BAS due dates consistently. Even with the best of planning, events outside of our control can change the financial prospects in the next quarter or year or decade and you may be in a position where you might need to defer payment or create a payment arrangement. Having a good track record of lodging on time with the Australian Taxation Office can help in this regard.

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Not every small business owner hires the right accountant. And if you hire the wrong accountant, not only will they make a mess of your finances – they’ll cause your business to literally bleed cash. But how do you know when you have the wrong accountant on your team? Well, we’re here to show you. Find out

  • The tell tale signs that your accountant is murdering your money – draining cash from your business
  • The red flags to look for in an accountant that should make you run in the opposite direction
  • What to look for in the RIGHT accountant – the kind that will bring money into your business, not bleed it out

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  • How To Boost Bottom-Line Profit by 10% In Under 30 Days

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  • The Most Common Areas Small Business Bleed Money From

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  • The 3 Critical Factors To Success For Australian Businesses

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  • How To Build Your Business Up & Sell It For A Massive Payday

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  • The ONE Major Trap Which Keeps Business Owners ‘Stuck’

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Find Out How To Skyrocket Your Business Profit In The Next 90 Days (Value $497)

Avoid Late Payments

Business is tough enough without having to incur penalties and fines for late payments. If you don’t know your BAS statement dates and get your BAS in on time then you could face fines, which can be higher for those that have a poor lodgement history. Minimising avoidable expenses of this nature all contribute to a healthier profit and cash flow, which is the lifeblood of all businesses.

Asking  when is BAS due at the start of the year when you make your plans is a great idea. This way you leave enough time to incorporate this process into your activities and are less likely to have it creep up on you. Planning for your BAS statement due dates puts you in control of your time and enables you to spend it on the business.

Real, Practical Advice with Superior Accountancy Insights and Services

At Watson & Watt, we provide real, practical advice and our superior accountancy service deliver the kind of insights that can help your business make necessary adjustments from one quarter to the next. BAS due dates may seem like an administrative drain on your time, but we like to view them as a tracker of performance that will help you get where you want to take your business.

So, if you are facing BAS payment dates and are tired of investing time, effort and expense on something that could be better handled by specialists, then why not avail of a free 30-minute consultation with our team today? Once we know what you want to achieve, we can help you succeed.

Reserve Your Free Strategy Session Now

Find Out How To Skyrocket Your Business Profit In The Next 90 Days (Value $497)

We Provide A Full Range Of Services To Minimise Tax & Increase Your Business Growth

Accounting & Tax Reduction

Want to slash your tax and other expenses while improving your bottom-line? We can give you key insights into the financials of your business and plug your cash-leaks so you keep more money. We can help with Compliance, Income Tax Return Preparation, Fringe Benefits Tax (FBT), Business Activity Statements (BAS), ASIC and SMSF issues.

Business Growth Consulting

Tired of spinning your wheels and feeling stuck in your business? Want to finally build it into the profit machine you always dreamed it would be? I’ll give you the 5-step framework to transform your business and go from frustration to freedom. Plus, we have flexible options depending on how much help you need to implement and take your business to the next level.

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