The 1st Quarter BAS is generally due on 28 October. However, if you engage a registered tax agent, you’ll receive an extra four weeks to lodge. Like many small business owners, you may not always be ready to sit down and go through your records to verify GST and PAYG information by 28 October. While hiring a tax agent involves a fee, it offers significant benefits for small businesses and business owners:

1. Extra Time for Small Businesses: Gain an additional four weeks to lodge, providing breathing room for busy business owners.
2. Bookkeeping Accuracy: Take the opportunity to meet with your accountant and ensure your bookkeeping is accurate, avoiding costly errors for your business.
3. Micro Tax Planning for Business Owners: Have a quick tax consultation with a qualified accountant to optimise your business’s tax strategy.
4. Tax-Deductible Accounting Fees: The cost of engaging a tax agent is tax-deductible, benefiting your small business at tax time.

Don’t let your BAS return be just another chore. Use it as a strategic opportunity to enhance your small business’s financial health and set your business on a path to success.