BAS stands for business activity statement, one of the two statements submitted to the Australian Taxation Office (ATO). A BAS agent is the one who prepares and submits the client’s BAS statement to the ATO, assists regarding the tax liabilities, obligations, entitlements, and ensures all the statements conform to the rules and regulations specified under BAS provision.

Whiz Consulting, one of the leading accounting and bookkeeping service providers, stated that businesses are experiencing immense growth with the introduction of BAS agent online services. The introduction of this service has come after much thought, said the senior executive.



The primary qualifications to become a registered BAS agent are:

A Certificate IV Financial services or a higher one in accounting or bookkeeping from a recognised institute or training organisation.

A board approved course in basic GST/BAS taxation principles registered with the Tax Practitioners Board (TPB).

A relevant experience of 1400 hours in the past four years.

A minimum of 45 hours of professional education in past 3 years.



Once the necessary qualifications are fulfilled, the concerned person or a bookkeeper can provide the services of a BAS agent. However, businesses need to ensure that the BAS agent to be hired is a person of honesty, integrity, truthfulness, and responsible enough to understand and comply with the provisions of ATO. Once a registered BAS agent is introduced into the business, it provides great help in the business’s success.

A BAS agent helps the business in many ways, such as:

Timely compliance: A BAS agent ensures that all the compliances are made on time to avoid any loss or penalty on the company’s part. The submissions include lodging BAS/IAS/STP, remittance of superannuation, and other essential matters.

Avoid costly errors: A good quality BAS agent will make it a point to eliminate all errors, especially potentially costly ones.

Maintain cash flow: Another responsibility of a BAS agent is to maintain and monitor cash flow so that the company does not fall short of meeting its cash obligations. All the financial transactions are kept up-to-date so that the business owners know how much to spend.

Save time and energy: With the help of a BAS agent, a lot of time and energy is saved, which can be allocated to the core activities like customer service.

Simplify accountants’ work: Hiring a BAS agent facilitates the accountant’s work greatly. It helps in managing the workflow of the accountant or the bookkeeping team.

Whiz consulting adds that a BAS agent has become an integral part of today’s businesses. The additional benefits of a BAS agent include lodging single touch payroll to ATO, lodging income statements, gross wages and allowances, handling super payments made through clearing house, and lodging taxable payments annual report to ATO, etc. There is no scope of limitation in the services of a BAS agent, the services of a BAS agent are diversifying and will continue to grow.

To make the process easier for the growing businesses, Whiz Consulting offers BAS agent services wherein qualified professionals with expert knowledge work diligently to streamline the process. Whiz Consulting is already functioning in Sydney, Brisbane, Adelaide, Queensland, and other parts of Australia. The professionals working here are updated with the latest technology to improve the performance of the business.

https://www.whizconsulting.net/au/bas-agent-service/