BAS is a form that businesses must submit to the Australian Taxation Office (ATO) to report and pay their tax obligations, such as GST, PAYG withholding, and other taxes.

The frequency of BAS lodgement depends on your business size and turnover. It can be monthly, quarterly, or annually.

Late lodgement may incur penalties and interest charges from the ATO. It’s important to lodge your BAS on time to avoid these.

You can lodge BAS yourself, but many businesses prefer using a tax professional to ensure accuracy and compliance with ATO regulations.

BAS includes reporting of GST, PAYG withholding, PAYG instalments, and other tax obligations depending on your business structure.

Yes, you can amend a lodged BAS if you realise a mistake. The ATO allows businesses to make adjustments to their lodgement.

Factor1 provides professional BAS lodgement services, ensuring compliance, accuracy, and timely submissions to avoid penalties.