Mizael Partners provides a range of income activity statement services to help businesses with their financial operations. We take the hassle out of controlling your financial responsibilities.

What is an Income Activity Statement (IAS)?

An IAS or Instalment Activity Statement, is a form 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.

Who uses activity statements?

If you own a business or are individual that deals with PAYG Instalments, PAYG withholding, and/or Fringe Benefit Tax Instalments, and you aren’t registered for the GST you will need to lodge IAS’s. There are instances, for example if you are a trustee, where you are required to fill out both business activity statements and IAS forms. Mizael Partners helps individuals and businesses with their IAS.

Why choose Mizael Partners?

Mizael Partners have been providing income activity statement 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.