BAS Services for GST & FBT Reporting Process

Our BAS (Business Activity Statement) services include calculating and reporting Goods and Services Tax (GST), Pay As You Go (PAYG) withholding, and Fringe Benefits Tax (FBT) to the Australian Taxation Office (ATO). These services are crucial for your businesses to stay compliant with tax regulations and accurately report their financial activities. MGIDC can help ensure your BAS is accurate, compliant, and submitted on time, saving you time and providing peace of mind while avoiding potential penalties or audits from the ATO.

Streamlined BAS, GST & FBT Reporting Solutions

Our BAS services help to streamline your GST and FBT reporting processes, ensuring accuracy and compliance while freeing up your time to focus on growing your business.

Our BAS services cover all aspects of GST and FBT reporting, tailored to your business’s unique needs.

We review your financial data, calculate your GST obligations, and prepare your BAS for timely lodgement with the ATO. This ensures you meet all compliance requirements and avoid costly penalties. For businesses dealing with Fringe Benefits Tax, we provide guidance on FBT calculations and reporting.

We help you identify taxable benefits, apply appropriate exemptions, and accurately report your FBT obligations on your BAS.

Our BAS service can potentially save you in overpaid taxes and prevent compliance issues. By entrusting your BAS, GST, and FBT reporting to our team, you gain peace of mind and valuable time which can be spent in other areas of your business.

Our efficient processes and deep understanding of tax regulations allow us to complete these tasks quickly and accurately. This frees you up to concentrate on core business activities and strategic growth initiatives.

Bookkeeping Services
Assurance Services Development

Efficiency and Accuracy

Engaging MGIDC as your BAS agent ensures that your business remains compliant with all relevant tax laws, including GST and FBT. Our team are trained in the complexities of tax regulations, which means they can accurately calculate liabilities and prepare your Business Activity Statements (BAS) to avoid costly errors and potential penalties from the ATO.

Assurance Services

Time and Resource Efficiency

With accurate and organised financial data at your fingertips, our bookkeeping service provides crucial insights that empower you to make informed decisions. By analysing cash flow, identifying trends, and generating detailed financial reports, you can strategically allocate resources, minimise unnecessary expenses, and capitalise on growth opportunities, leading to improved overall business performance.

But don't just take our word for it...
Reviews & feedback
Louise Dawson
Louise Dawson
CEO Australia and New Zealand - DefibsPlus
"We have engaged MGI Dobbyn Carafa for the last 10 years for professional services. We continued to be extremely satisfied with their services as they help us to navigate through a continually challenging compliant landscape in business. MGI Dobbyn Carafa are innovative, professional with a friendly family style which is very disarming when you may feel overwhelmed with the challenges of growing a business."
Simon Meers
Managing Director - AirMet Scientific
"The team at MGIDC provide exceptional business support providing a detailed analysis of our company's financial performance and corporate governance, together with big picutre strategic planning."
Matthew Bleeze
General Manager - Air Powered Services
"We found the D+C team was very easy to work with and provided an efficient, effective, and easy to manage solution and approach to the task. Overall, D+C took the time to get to know about our business and helped create a tailored solution that perfectly suited our needs.”
Mark Emerson
Managing Director - Lighthouse Corporate Coaching
"Anthony has an excellent grasp of the financial drivers of profitability; thinks deeply and effectively about solutions to roadblocks confronting our clients and gets the job done in a timely and effective manner."
Fouad Elsaadi
Operations Manager - Exergenics
“Abhishek Sharma and his team stood out for making the audit process seamless and informative. The MGIDC was always readily available to address our questions and concerns. Their responsiveness created a collaborative and efficient atmosphere, ensuring the audit progressed smoothly.”
Michael Zeng
Michael Zeng
Autorola
"We are very grateful to have MGIDC as our accountants and auditors. Their expertise has been instrumental in managing our financial affairs. From preparing financial statements to advisory services and auditing, Devan, Abi, and the team have consistently demonstrated a high level of professionalism and dedication. Their ability to navigate complex financial matters, meet deadlines, and provide clear, insightful advice has not only saved us money but also given us peace of mind. I appreciate their proactive approach, responsiveness, and the customized service they consistently deliver. We highly recommend MGIDC to anyone seeking a reliable and knowledgeable partner in managing their financial well-being."
John
John Micheloudakis
Air Powered Services
"MGIDC has consistently delivered top-notch services that have greatly contributed to the success of our business. Their attention to detail, and innovative solutions have set them apart in the industry. It is rare to find a supplier that not only meets but exceeds expectations consistently, and MGIDC has managed to do just that. What sets MGIDC apart is not only the quality of their offerings but also their commitment to customer satisfaction. The team is responsive, accommodating, and always goes the extra mile to ensure our needs are not just met but surpassed. Their dedication to building strong, lasting relationships is a testament to their professionalism and integrity."
Gin
Gin
Cellarhand – Financial Controller
"Thank you to Anthony, Chris, Neil and the whole team. Professional yet caring and supportive across all facets of the business. A total game changer for us. Could not recommend highly enough whether it be accounting services or their unrivalled business negotiation skills. Looking forward to many more years working together."
YPS Group
YPS Group
Client
"The YPS Group have been a longstanding client of MGIDC. Anthony Carafa and his team have played an integral role with our investments, property and construction projects, and family affairs. Throughout the years, MGIDC have assisted us with complex accounting and taxation advisory work, superannuation and succession planning, management and financial reporting, family office, lending, and insurance services. We would like to take this opportunity to thank Anthony for his reliability and ability to consistently provide highly technical and broad services. Most importantly, we would like to thank Anthony for his trustworthy and personal approach, and unwavering support for our projects and our family."
headshot woman
Paula
Client
"Cannot be happier with Nick and the team at MGIDC in handling our accounts. Any questions are answered with professionalism, understanding and patience. Nick always makes himself available to answer any concerns and is always quick to respond to emails with curly questions. Extremely satisfied with every interaction I have with the people at MGIDC and would recommend them highly!"

Our Accounting Services

Don't let GST and FBT compliance weigh down your business

Let our expert BAS services lighten the load and keep you on the right side of the ATO.

Request a free phone consult
Assurance Services Specific Issue

Ensure Compliance

Our Compliance team stay up-to- date with the latest tax regulations and can accurately calculate your GST, FBT, and other obligations. This helps you avoid penalties and remain compliant with the ATO.

Assurance Services Reports

Save Time and Money

By outsourcing your BAS, GST and FBT reporting to our experienced team, you free up valuable time to focus on growing your business.

Assurance Services Analysis

Benefit from Expertise

Our Team has specialised training in GST, FBT and other tax provisions. They can provide guidance on maximising your entitlements, identifying potential savings, and making informed business decisions based on your financial data.

Risk Management

Accurate Reporting

We meticulously review your financial transactions, apply the correct tax treatments, and prepare your BAS and other reports with a high degree of accuracy. This gives you confidence in the integrity of your accounts and reduces the risk of errors or audits.

Assurance Services Rapid Response

Seamless ATO Dealings

Our Team act on your behalf when communicating with the ATO. They can negotiate payment plans, apply for lodgment extensions, manage your Single Touch Payroll obligations, and resolve any issues that arise. This saves you time and hassle.

Gain Financial Insights

Once familiar with your business, our Team can provide valuable insights into your financial performance. They can discuss your company’s health, identify opportunities for improvement, and give strategic advice to help you make better decisions

What makes MGI Dobbyn Carafa different?
Big firm capability...small firm relationships

Equipped with a team that has the experience and capabilities of a big firm, but maintaining our deep, personal connection is something we pride ourselves on. Our team are highly supported and we are conscious of wanting to keep our numbers small, but our value high.

est.
2006
Decades of expertise

We have a team of experienced professionals from a diverse range of backgrounds, highly qualified for every business need. Some of the qualifications our team possess include:

Australian Financial Services Licence (AFSL)
CA and CPA qualified Accountants
Chartered Tax Advisors
Registered Company Auditors
Masters of Business Adminstration (MBA)
Real Estate Agents Licence
Xero Certified Advisors
+87
Client Net Promoter Score®

We take great pride in our customer service and the deep relationships we have with our clients and we are humbled to learn that our clients feel the same way.

5.33 out of 6 for client satisfaction
5 out of 6 for relationship satisfaction
100% of clients surveyed feel MGIDC positioned to help with acheiving their goals
71% of clients surveyed have annual revenue above $10M, employing 50+ staff
+84
Employee Net Promoter Score®

Much like client NPS®, we take great pride in our employee engagement and the deep relationships we have with our team as we support them on their professional journey.

8.67 out of 10 for employee satisfaction
8.5 out of 10 for career empowerment
Fun; Family; Food - 3 most common words to describe the culture at MGIDC

Meet Our Tax Accountants

Our Core Services

Accounting, Tax & Advisory

Audit & Assurance

Blockchain & Crypto Advisory

Business Continuity Consulting

Corporate Advisory

Family Office

Lending and Finance

Business Sale Advisory

Assurance Services Reports

Management Reporting

Risk Advisory

Sell My Business

Strategic Consulting

Succession Planning

Assurance Services Analysis

Virtual CFO

Frequently asked questions

Generally, businesses that meet the following criteria need to lodge a BAS:
• GST-registered businesses with an annual turnover of $75,000 or more
• Businesses with an Australian Business Number (ABN) that have PAYG withholding obligations
• Employers who need to report PAYG withholding for employees
• Some non-profit organizations registered for GST

The frequency of BAS lodgment depends on your business size and structure:
• Monthly: For businesses with an annual turnover over $20 million
• Quarterly: Most common for businesses with an annual turnover under $20 million
• Annually: Some businesses with a turnover under $10 million may be eligible for annual reporting

Most errors can be corrected on your next activity statement. For more significant mistakes, you may need to revise the original BAS. The ATO allows a four-year amendment period for claiming credits and refunds.


Should you have any queries with errors in lodgments please don’t hesitate to get in touch with our team.

Have we piqued your interest?

Let us buy you a coffee to discuss your requirements.

Request a free phone consult
Related Posts