BAS + IAS + FBT + PAYG + GST

 


 

Mizael Partners helps individuals and SME businesses with a spread of core accounting services.

 
 

Business Activity Statements (BAS)

All businesses with a turnover of $75,000+ need to submit business activity statements to report and pay their tax obligations. Failure to submit these can lead to serious financial penalties. Our BAS agent services ensure that your statements are completed correctly and submitted with the ATO on time. With help from our BAS agents in Melbourne, you won’t have to worry about unnecessary legal or administrative issues.

Instalment Activity Statements (IAS)

With Instalment Activity Statements (IAS), we report your business income and manage it’s lodgement. An IAS form is used by taxpayers who are not registered for Goods and Services Tax (GST). It is also the form required to be lodged by entities that prepare a quarterly Business Activity Statement (BAS) but are required to remit their Pay As You Go (PAYG) withholding tax on a monthly basis because they are a medium withholder. The statement is personalised, which means that some sections are already completed to save you time and effort. We can provide additional assistance with IAS lodgement, ensuring that you’ve covered every base.

Fringe Benefits Tax (FBT)

Fringe Benefits Tax (FBT) is a tax payable by employers for benefits paid to an employee (or an employee's associate e.g. a family member) in place of salary or wages. This is separate to income tax and is calculated on the taxable value of the fringe benefits provided. We ensure that your FBT returns are prepared carefully and lodged before the deadline.

Pay As You Go (PAYG)

Pay As You Go (PAYG) is a withholding tax which requires you to pay incremental amounts of your business's income to the ATO. These payments accumulate towards your expected end of year income tax liability. Before you lodge your income tax return, it is important to finalise your PAYG instalments.

Goods and Services Tax (GST)

GST is a value-added tax levied on most goods and services sold for domestic consumption. The GST is paid by consumers, but it is remitted to the government by the businesses selling the goods and services. In effect, GST provides revenue for the government.

Why choose Mizael Partners?

Mizael Partners have been providing BAS + IAS + FBT + PAYG + GST services for businesses since 2002. We specialise in ensuring all financial records accurately reflect the position of an individual or organisation. We make sure that all statements and records are compliant with Australian Accounting Standards or International Accounting Standards, Australian Charities and Not-for-profits Commission (ACNC) and the Australian Securities and Investments Commission (ASIC) where required. We also have regular training sessions for our staff to ensure that they are up to date with all the changes in taxation, Accounting Standards and other regulations.

Contact us

To speak to one of our accredited accountants call us on (03) 8821 6868.