Quarterly BAS preparation and lodgement
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# BAS Q3 2025 Lodgement - Action Plan **Due: 28 March 2026 | Priority: P1** ## Immediate Actions Required ### 1. Document Collection (Complete by 15 March 2026) - [ ] Bank statements (Jul-Sep 2025) - all business accounts - [ ] Sales invoices and receipts - [ ] Purchase invoices and receipts - [ ] Payroll summaries (PAYG withholding) - [ ] Fuel tax credit receipts - [ ] Asset purchases/disposals records ### 2. BAS Preparation Checklist **Great Advice Financial Advisers:** - [ ] GST on sales (G1) - [ ] GST on purchases (G11) - [ ] PAYG withholding (W1) - [ ] PAYG instalment (T1) - if applicable - [ ] Fuel tax credits (F1) - if applicable **TSG Rochedale:** - [ ] Separate BAS if different ABN - [ ] Consolidate if same entity structure **Wally's Barber Shop (50% ownership):** - [ ] Confirm BAS responsibility with co-owner - [ ] Provide records if George handles lodgement ### 3. Lodgement Process - [ ] Complete BAS forms via Business Portal or accounting software - [ ] Review figures for accuracy - [ ] Submit by 28 March 2026 (lodging agent deadline) - [ ] Schedule payment if refund not received ### 4. Payment/Refund - [ ] If owing: Pay by 28 March 2026 via BPAY/EFT - [ ] If refund: Allow 12 business days processing ## Risk Mitigation - Late lodgement penalty: $361+ per entity - Interest charges on late payments - Compliance action from ATO **Next Action:** Begin document collection immediately. Engage accountant by 20 March if not self-preparing.
3 Mar
# BAS Q3 2025 Lodgement - Action Plan **Due: 28 March 2026 | Priority: P1** ## Immediate Actions Required ### 1. Document Collection (Complete by 15 March 2026) - [ ] Bank statements (Jul-Sep 2025) - all business accounts - [ ] Sales invoices and receipts - [ ] Purchase invoices and receipts - [ ] Payroll summaries (PAYG withholding) - [ ] Fuel tax credit receipts - [ ] Asset purchases/disposals records ### 2. BAS Preparation Checklist **Great Advice Financial Advisers:** - [ ] GST on sales (G1) - [ ] GST on purchases (G11) - [ ] PAYG withholding (W1) - [ ] PAYG instalment (T1) - if applicable - [ ] Fuel tax credits (F1) - if applicable **TSG Rochedale:** - [ ] Separate BAS if different ABN - [ ] Consolidate if same entity structure **Wally's Barber Shop (50% ownership):** - [ ] Confirm BAS responsibility with co-owner - [ ] Provide records if George handles lodgement ### 3. Lodgement Process - [ ] Complete BAS forms via Business Portal or accounting software - [ ] Review figures for accuracy - [ ] Submit by 28 March 2026 (lodging agent deadline) - [ ] Schedule payment if refund not received ### 4. Payment/Refund - [ ] If owing: Pay by 28 March 2026 via BPAY/EFT - [ ] If refund: Allow 12 business days processing ## Risk Mitigation - Late lodgement penalty: $361+ per entity - Interest charges on late payments - Compliance action from ATO **Next Action:** Begin document collection immediately. Engage accountant by 20 March if not self-preparing.
3 Mar
# BAS Q3 2024 LODGEMENT - ACTION PLAN ## PRIORITY: P1 | DUE: 28 March 2026 ### IMMEDIATE ACTIONS REQUIRED **DEADLINE: 28 October 2024 (Q3 2024 BAS due)** ### COMPLIANCE CHECKLIST #### PRE-LODGEMENT (Complete by 21 Oct 2024) - [ ] Reconcile all bank accounts for Jul-Sep 2024 - [ ] Verify GST collected on all invoices issued - [ ] Verify GST paid on all business purchases - [ ] Reconcile payroll tax (if applicable) - [ ] Review PAYG withholding amounts - [ ] Confirm superannuation guarantee payments made #### REQUIRED DOCUMENTS - [ ] Bank statements (all accounts) - Jul, Aug, Sep 2024 - [ ] Sales invoices and receipts - [ ] Purchase invoices and receipts - [ ] Payroll records - [ ] Superannuation payment confirmations - [ ] Previous BAS (Q2 2024) for comparison ### ENTITY-SPECIFIC REQUIREMENTS #### Great Advice Financial Advisers - [ ] AFSL levy payment verification - [ ] Client fee GST calculations - [ ] Professional indemnity insurance GST claim #### TSG Rochedale - [ ] Retail sales GST reconciliation - [ ] Stock purchases GST verification #### Wallys Barber Shop (50% ownership) - [ ] Coordinate with co-owner for BAS preparation - [ ] Service income GST verification - [ ] Equipment purchases GST claims ### LODGEMENT PROCESS 1. **Prepare BAS** - Use ATO Business Portal or accountant 2. **Review calculations** - Cross-check against records 3. **Lodge by 28 Oct 2024** - Online via ATO portal 4. **Payment arrangement** - If amount owing, pay by due date ### COST ESTIMATE - Accountant preparation: $200-400 per entity - Late lodgement penalty: $210-1,050 per entity (if missed) ### NEXT QUARTERLY DUE DATE **Q4 2024 BAS: Due 28 February 2025** **ACTION**: Engage accountant immediately if not already arranged.