Running a small business involves many responsibilities. From managing customers and suppliers to keeping your records organised, it can be difficult to stay on top of everything.
One question many business owners ask is:
Do I need a BAS Agent?
While some businesses choose to manage their own BAS, many small business owners use a Registered BAS Agent to help prepare and lodge their BAS, manage GST reporting and ensure their records are accurate and organised.
A Registered BAS Agent has met the requirements set by the Tax Practitioners Board (TPB), including qualification, experience and professional obligations.
What Does a BAS Agent Do?
A Registered BAS Agent can assist businesses with BAS-related services, including:
- Preparing and lodging Business Activity Statements (BAS)
- Preparing and lodging Instalment Activity Statements (IAS)
- Reviewing GST calculations and reporting
- Assisting with PAYG withholding reporting
- Supporting payroll-related reporting obligations
- Reviewing financial information before lodgement
- Helping businesses maintain accurate records
BAS Agents work within the areas they are authorised to provide under the Tax Agent Services Act 2009 and related requirements.
Do I Have to Use a BAS Agent?
No. A business owner can choose to prepare and lodge their own BAS if they understand their obligations and have the time and systems in place.
However, as a business grows, managing GST, payroll, reporting requirements and record keeping can become more complex.
Many business owners find that using a Registered BAS Agent gives them peace of mind that their BAS information is prepared correctly, and their reporting obligations are being managed professionally.
Signs You May Benefit From a BAS Agent
Your bookkeeping is taking too much time
Many business owners start by managing their own bookkeeping, but as transactions increase, keeping records accurate and up to date can become difficult.
A BAS Agent can help maintain organised records so you have a clearer picture of your business finances.
You are unsure about GST
GST reporting requires accurate record keeping and correct treatment of transactions.
A BAS Agent can help review your records, check GST coding and prepare your information for BAS lodgement.
Your BAS is overdue or your records are behind
Falling behind with bookkeeping can make BAS time stressful.
A BAS Agent can help organise your records, bring your bookkeeping up to date and prepare your information for lodgement.
You have employees
Payroll comes with additional reporting responsibilities, including PAYG withholding and Single Touch Payroll requirements.
A BAS Agent can provide support with payroll-related reporting obligations and help keep your records organised.
Benefits of Using a Registered BAS Agent
Working with a Registered BAS Agent can provide several benefits:
Save time
Outsourcing BAS and bookkeeping tasks allows you to spend more time focusing on running your business.
Reduce stress
Having professional support means you do not have to manage every reporting requirement alone.
Improve accuracy
A BAS Agent can help ensure your financial information is reviewed and prepared correctly before lodgement.
Stay organised
Regular bookkeeping support helps keep your records ready for BAS deadlines and business decisions.
What Should You Look For When Choosing a BAS Agent?
When choosing a BAS Agent, it is important to work with someone who is properly registered and maintains professional standards.
Look for a BAS Agent who:
✓ Is registered with the Tax Practitioners Board
✓ Has the required qualifications and experience
✓ Maintains professional indemnity insurance
✓ Completes ongoing professional development
✓ Understands small business bookkeeping needs
Registered BAS Agents must meet ongoing professional requirements to maintain their registration.
How Sonic Accounts Can Help
At Sonic Accounts, we help Australian small businesses manage their BAS and bookkeeping requirements with accurate, reliable support.
Our services include:
- BAS preparation and lodgement
- GST reporting support
- IAS preparation
- Payroll and bookkeeping support
- Xero and MYOB assistance
- Ongoing bookkeeping services
As a Registered BAS Agent, I provide professional support to help business owners stay organised, compliant and confident with their financial records.
Final Thoughts
You may not need a BAS Agent when you first start your business, but as your business grows, professional support can save you time and help reduce the stress of managing your reporting obligations.
If you need help with BAS lodgements, GST reporting or keeping your bookkeeping organised, Sonic Accounts is here to help.
Book your free initial consultation.
Do I Need a BAS Agent?