Register as a BAS Agent in Australia

Part of the Bookkeeping For Dummies Cheat Sheet (Australia/New Zealand Edition)

In Australia, if you’re a contract bookkeeper providing BAS services, then you must register as a BAS agent. The penalty for providing BAS services without registering ranges from a not insignificant $43,000 for an individual to a whopping $212,500 for a body corporate.

  • A BAS service includes any bookkeeping activity related to GST or PAYG, including configuring tax codes in accounting software, coding tax invoices, generating employee payment summaries or preparing Business Activity Statements

  • You don’t have to register as a BAS Agent if you’re an employee receiving wages or you only do basic bookkeeping data entry based on explicit instructions provided by the client or by their tax agent.

  • For details about registering as a BAS Agent page, visit the Tax Practitioners Board website.

blog comments powered by Disqus

SERIES
Bookkeeping For Dummies Cheat Sheet (Australia/New Zealand Edition)

Advertisement

Inside Dummies.com