BAS Solutions - Westcourt

Business Activity Statement Accounting at Westcourt

The preparation of a Business Activity Statement (BAS) can be deceptively simple. A BAS, by its nature, looks the same each time and it often involves a series of repetitive steps to get it right. And if you are communicating information to the ATO and you are dealing with large amounts of money – getting it right is important.

Our Westcourt BAS preparation team are fully committed to getting it right first time on time – and we do so with upfront fixed fee processing. And we assist businesses with their BAS from small healthcare professionals to teams with over 300 staff.

At Westcourt we treat the preparation of each BAS as an important event that is documented, supported and considered prior to completion. Our detailed documents explaining how we prepared the BAS and how it reconciles back to the work gives you the comfort it is done properly and creates the efficiencies for us so we can be competitive in the market.

Further, our deep knowledge of cloud accounting software will allow us to automate mundane repetitive tasks with the BAS preparation so we can create a cost effective solution for your business. In effect the wages disclosed in your BAS should agree to the wages reported in your Single Touch Payroll reports. The sales represented in your BAS should agree to the sales in your profit and loss and the GST bill in your BAS should agree to the GST bill in your accounts – this is the type of check that Westcourt does when we are engaged to prepare and consider your BAS properly.

Common queries

For many clients the BAS lodging will reflect part of a deeper tax strategy. That strategy might be the increased payment of monthly tax installments to manage your companies franking account, tracking the fringe benefits tax installment in the BAS or correctly recording a fee across different entities with the GST correctly recorded both ways. And getting a tax specialist to have total control of your tax lodgements will give you a single point of contact and accountability with your tax management.

Further lodging a BAS should be done on time. Late BAS lodgements can impact a business with obtaining a Tax Clearance Certificate or they can attract a range of penalties that strain a business finances.

For offshore businesses operating in Australia – engaging Westcourt to prepare your BAS will simplify your local team from investing in Australian tax law requirements and changing administrative positions – all while being cost effective.

If you want your correspondence with the ATO to be correct first time, you want a leading-edge tax technical team in full control of your ATO communications and you want a consistency of service in getting the BAS lodged correctly first time by a team of tech-savvy accountants then Westcourt BAS preparation services are natural fit for your business – so call us to have a chat.

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