As we approach the ‘silly season’ many small business owners are busy tackling the day-to-day tasks that come with running a business. Lodging your BAS on time, not only fulfils your obligations, it can also be beneficial to your business. Allow your local bookkeeper Melbourne to explain exactly why:

Avoid Penalties

If you don’t lodge your BAS on time with the ATO you may be subjected to a failure to lodge penalty. The fines can vary in amounts & can be higher if you have poor lodgement history. By lodging your BAS on time, your business will avoid any late penalties.

Track Business Performance

Lodging your BAS on time with the help of your bookkeeper Melbourne, every quarter, provides you with a snapshot of your business financial position. From quarter to quarter you will be able to track your business performance & growth. Also you have the added advantage of any discussions with your financial advisers and bookkeeper Melbourne will be on the most up-to-date details of your business.

Keep A Good Lodgement History

If you find yourself in a situation that may require a deferral of payment or if you need to organise payment arrangement, a good lodgement history will give you an advantage. With the assistance of your bookkeeper Melbourne, lodging your BAS on time means that you maintain a good lodgement history with the ATO.