Activity Statements are the result of the introduction of GST in 1999 / 2000. The previous "provisional tax" system was replaced with "PAYG Income Tax Instalments", and amounts withheld from wages was replaced with "PAYG Withholding" (and at the same time a number of other changes occurred).
The end result is this one form that covers most of your tax obligations throughout the year.
How Can MCA Help?
We can help as little or as much as you need in the process from preparing your activity statements to lodging them. Some examples of what we can do to help include:
- Training and guidance on how to complete the activity statements yourself using the software of your choice;
- Reviewing activity statements prepared by you prior to lodgment;
- Preparation and lodgment of activity statements from your accounting software (or other record keeping method);
- A "lodgment only" service where you forward your figures and we lodge electroncially (handy for taking advantage of the 4 week lodgment concession given to us)
What MCA Can't Do
We can't be your Mum & Dad when it comes to checking that you've lodged your activity statement and reminding you that your activity statement is due. We have a mailing list whereby we will send regular reminders to all subscribers to help you keep on top of it, but ultimately it's your obligation.
With advancements in cloud accounting software, we are able to log into your software from our office and do your activity statements. We cannot perform this automatically unless we are also your bookkeeper for one simple reason - we have no way of knowing if your information is up to date when we go to process your BAS. We require contact from you to let us know that your data is ready for us to process.
Most small businesses will receive quarterly activity statements to cover their obligations, with larger enterprises attracting a monthly reporting cycle. In general, the due dates for activity statements are:
March (monthly GST)
March (quarterly GST)
June (monthly GST)
June (quarterly GST)
September (monthly GST)
September (quarterly GST)
December (monthly GST)
December (quarterly GST)
If Lodged Via MCA
*An extension is granted for lodgment and payment of activity statements with either GST or PAYG Withholding being remitted on a quarterly basis. The entension applies only if lodged via MCA in an electronic method (i.e. if we send the paper form, there is no concession). Please note that fees apply for MCA lodging activity statements
Sign Up To Receive BAS Reminders
With the ATO's digital first policy, many businesses aren't receiving the paper activity statements that was the "prompt" for them to do their BAS. Thankfully, we have a solution - sign up to our activity statement reminder mailing list and you'll get regular reminders on when they are due so you don't forget