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Clients who do not have a GST obligation but are registered for PAYG withholding, and have at least one quarterly obligation for an IAS Report.
(for example, GST, PAYG instalment, or fringe benefits tax instalments).
A personalised form issued by the Tax Office to taxpayers who are not registered for goods and services tax (GST) but have other tax obligations.
An IAS is used by these taxpayers to report and pay their obligations for pay as you go (PAYG) instalments, PAYG withholding and fringe benefits tax instalments.
Taxpayers are sent an IAS either monthly or quarterly depending on their reporting cycle. An IAS must be lodged with the Tax Office for each reporting period.
Your activity statement is personalised to your business, based on your registration details. It is important that you report on the form that the ATO sends you.
The ATO will send you your activity statement with sufficient time to complete it before it needs to be lodged.
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IAS Reports
Monthly & Quaterley Lodgements
Income Tax Budgeting
Monthly & Quaterley Calculations
Tax obligations affect practically every aspect of your business operation. It is wise to budget for tax, like any other expense, and it is essential that you keep good records to substantiate your business income and deductions
Legislation imposes a number of obligations on companies, so it is wise to seek professional advice.
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