What is BAS & how to lodge it online?

Everything you need to know about BAS and how Reckon One can help.

What is BAS?

Business Activity Statement (BAS) is a form that businesses must submit to the Australian Taxation Office (ATO) in order to report and pay their tax liabilities. A large part of BAS is related to GST. For example:

  • Your business charges $50 for your goods or services so your customer will be charged $55. The additional $5 is the GST that needs to be paid to the ATO.
  • Your business buys supplies, you will be charged 10% in GST which you can claim back from the ATO as a credit.

When you complete a BAS form you are essentially reporting the goods and services tax amount you’ve collected on your sales minus any that you’ve paid on your purchases, with the difference being your refund or what you owe to the ATO.

Your BAS can also include PAYG withholding and instalments, wine equalisation tax, fuel tax credit and fringe benefit tax if these apply to your business.

What is BAS
When does Payday filing start? Payday filing was made mandatory for all employers from 1 April 2019. Payday filing has been voluntary from 1 April 2018, and switches to mandatory from 1 April 2019. It’s a good idea to start thinking about how you’ll make Payday filing part of your payroll processes before this becomes a requirement.

Who has to lodge a BAS statement online?

If your small business is registered for GST you need to lodge a Business Activity Statement.

You must register for GST if:

  • Your business has a GST turnover (gross income minus GST) of $75,000 or more per financial year
  • Your non-profit organisation has a GST turnover of $150,000 or more per financial year
  • You are a taxi driver and ride-sharing driver no matter what your turnover is

BAS lodgement due dates

If your business has a turnover of $20 million or less you can choose to lodge monthly or quarterly (over $20 million must report monthly).

Monthly Lodgement date
January - December21st of the following month
QuarterlyLodgement date
July, August and September28 October
October, November and December28 February
January, February and March28 April
April, May and June28 July

Interactive GST calculation worksheet

This worksheet allows you to work out GST amounts for your BAS form.
What do I need to submit? Each time you finish a pay run you need to send a report of the employee payroll information to the IRD. Your report will include the following information for each employee: Pay period, pay cycle (weekly monthly etc) and payday date The employee’s full name, IRD number and tax code The employee’s total gross earnings The amount of PAYE, including tax on scheduler payments Child support or student loan deductions if applicable KiwiSaver deductions KiwiSaver employer contributions if applicable Employer Superannuation Contribution Tax (ESCT) Start and finish dates if an employee starts or stops working for you during the pay period
What do I need to submit? Each time you finish a pay run you need to send a report of the employee payroll information to the IRD. Your report will include the following information for each employee: Pay period, pay cycle (weekly monthly etc) and payday date The employee’s full name, IRD number and tax code The employee’s total gross earnings The amount of PAYE, including tax on scheduler payments Child support or student loan deductions if applicable KiwiSaver deductions KiwiSaver employer contributions if applicable Employer Superannuation Contribution Tax (ESCT) Start and finish dates if an employee starts or stops working for you during the pay period

BAS statement example

What do I need to submit? Each time you finish a pay run you need to send a report of the employee payroll information to the IRD. Your report will include the following information for each employee: Pay period, pay cycle (weekly monthly etc) and payday date The employee’s full name, IRD number and tax code The employee’s total gross earnings The amount of PAYE, including tax on scheduler payments Child support or student loan deductions if applicable KiwiSaver deductions KiwiSaver employer contributions if applicable Employer Superannuation Contribution Tax (ESCT) Start and finish dates if an employee starts or stops working for you during the pay period

Business Activity Worksheet

This worksheet allows you to work out GST amounts for your BAS form.

How to do a BAS statement

There are three main steps to completing your BAS:

Reckon One makes lodging your BAS easy

Run the Reckon One “Activity Statement (BAS)” report that will help you generate the exact figures to enter onto your business activity statement form. Save and mark as lodged to help you stay organised. All Reckon accounting products are Simpler BAS enabled including Reckon One.

Activity Statement BAS Report

Follow our step by step video tutorial for calculating your BAS figures in Reckon One.

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