WHAT IS A BAS AGENT?

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What is a BAS Agent?

A BAS Agent is a registered accounting professional who specialises in assisting clients with preparing and submitting their Business Activity Statement (BAS). They advise business owners of their obligations, liabilities and entitlements under BAS provision and ensure that all statements conform to government regulations.

BAS Agents perform many of the functions of a bookkeeper but are also authorised to advise on all aspects of GST, Fringe Benefits Tax (FBT), superannuation, PAYG withholding and other applicable tax payments. A BAS Agent will also deal directly with the ATO on behalf of their client regarding the lodgement of Business Activity Statements.

Additional services offered by many BAS Agents include, calculating and processing payment summaries, employee termination payments, gross wages and other payroll tasks; monitoring super guarantee (SG) contributions, and completing a taxable payments annual report for the ATO. They may also perform other tasks on behalf of their client, such as lodging a tax file number declaration or applying to the registrar for an Australian Business Number.

What do If the details of GST and Fringe Benefits tax intrigue you and you want a career dealing with businesses and their tax needs, learn how to become a BAS Agent here. do?

  • Generating financial reports for the preparation and submission of Business Activity Statements (BAS).
  • Registering businesses for GST, PAYG and PAYG ITI.
  • Advising clients and ensuring compliance with GST, Fringe Benefits Tax, Super Guarantee and other related legislation.
  • Liaising with the ATO and other tax professionals on behalf of the client.
  • Lodging Tax File Number declarations.
  • Facilitating registration of Australian Business Numbers.
  • Identifying and addressing tax, super and other financial discrepancies.
  • Bookkeeping and Payroll management.
  • Monitoring budgets and cash flow projections.

Career snapshot for BAS Agent

  • The average age of working If the details of GST and Fringe Benefits tax intrigue you and you want a career dealing with businesses and their tax needs, learn how to become a BAS Agent here. is 38.
  • 51.80% of If the details of GST and Fringe Benefits tax intrigue you and you want a career dealing with businesses and their tax needs, learn how to become a BAS Agent here. are male.
  • 80.60% of If the details of GST and Fringe Benefits tax intrigue you and you want a career dealing with businesses and their tax needs, learn how to become a BAS Agent here. work full-time and on average they work around 39.6 hours per week.
  • With A Bachelor Degree or higher, If the details of GST and Fringe Benefits tax intrigue you and you want a career dealing with businesses and their tax needs, learn how to become a BAS Agent here. get paid $1,400 per week Before Tax.
  • Unemployment levels are below average.
  • In 2015 records showed 189,100 employed If the details of GST and Fringe Benefits tax intrigue you and you want a career dealing with businesses and their tax needs, learn how to become a BAS Agent here..
  • The projected growth of the profession is estimated to be moderate with employment numbers around 202,100 by 2020.
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