For small businesses in Brisbane, managing a Business Activity Statement (BAS) can feel like a never-ending cycle of paperwork, deadlines, and tax obligations- that’s where a BAS accountant comes in. Getting your business’s BAS completed correctly is crucial—not just for compliance, but for maintaining healthy cash flow and avoiding costly ATO penalties.
At Lee & Associates, we know that BAS isn’t just about ticking boxes—it’s a key financial tool that, when managed correctly, helps small businesses thrive. Here’s why you can’t afford to get it wrong and how working with a BAS accountant in Brisbane can make all the difference.
A BAS Accountant Reveals The Cost of BAS Mistakes for Small Businesses
Lodging your BAS incorrectly—or worse, missing a deadline—can trigger ATO penalties, interest charges, and unnecessary stress. When lodging your BAS, it’s essential to follow ATO guidelines to avoid penalties—check out the official ATO BAS lodgement guide for more details on key deadlines and requirements. However, this guide can be confusing and overwhelming to most individuals, but a professional accountant will spend time clarfying the process and educating you on important taxation knowledge. For example, some of the most common mistakes small businesses make include:
- Incorrect GST claims – Claiming GST on non-eligible expenses or missing out on legitimate deductions.
- Miscalculating PAYG withholding – Underpaying your employees’ tax obligations can lead to compliance issues.
- Cash flow disruptions – Poor BAS planning can leave businesses scrambling to pay their tax obligations when they fall due.
- ATO audits and penalties – Frequent errors can trigger an audit, which is time-consuming and costly.
Avoid the stress and save time with a dedicated BAS accountant who ensures every detail is correct, so you avoid these pitfalls and keep your business running smoothly.
How a BAS Accountant Can Boost Your Cash Flow
Beyond compliance, a BAS accountant does more than just lodge paperwork—they actively help businesses improve their cash flow. Here’s how:
1. Strategic GST Planning
A BAS accountant reviews your business expenses and ensures you’re claiming every GST deduction possible. This reduces the amount you owe the ATO and keeps more money in your business.
2. Accurate Tax Forecasting
By working closely with a BAS accountant, you’ll know exactly what to expect when BAS time rolls around—no nasty surprises. Accurate forecasting allows you to set aside funds in advance, ensuring your business remains financially stable.
3. Smarter Payment Strategies
Struggling with BAS payments? A BAS accountant can help you arrange ATO payment plans or adjust your reporting cycle to better suit your business cash flow.
4. BAS Lodgement Without the Stress
Time spent on BAS is time away from running your business. Let a BAS accountant in Brisbane handle it for you, so you can focus on growth while staying ATO-compliant.
Want to see a dedicated list of the comprehensive, small-business tailored services offered by Lee & Associates? Click here.
Why Brisbane Small Businesses Trust Lee & Associates BAS Accountant Team
At Lee & Associates, we don’t just lodge BAS—we provide strategic tax advice tailored to Brisbane small businesses. Whether you’re a startup navigating your first BAS or an established business looking to streamline your financial processes, we’re here to help.
Realised you need expert BAS support? Contact Lee & Associates today to take the stress out of BAS and keep your business finances on track.