Tax Compliance Services
Stay Compliant with BAS, IAS & Income Tax Lodgments — Stress-Free
Navigating Australia’s tax system can be complex — but it doesn’t have to be stressful. At PrepMyBook, we handle all your tax compliance needs, from Business Activity Statements (BAS) to Instalment Activity Statements (IAS) and end-of-year income tax lodgments. We keep your business compliant, your lodgments on time, and your records accurate — so you can focus on running your business.
What is a Business Activity Statement (BAS)?
A Business Activity Statement, or BAS, is a form you lodge with the ATO to report and pay your business taxes, including Goods and Services Tax (GST), Pay As You Go (PAYG) instalments, PAYG withholding, and other taxes.
What does BAS stand for?
BAS stands for Business Activity Statement — a key part of staying compliant with the ATO if you’re registered for GST. If you’re wondering what is a BAS statement? or how does BAS work?, here’s a simple explanation: Your BAS reports your business’s sales, GST collected, GST paid on purchases, and PAYG obligations. It’s usually lodged monthly or quarterly, depending on your situation. Whether you’re using MYOB BAS, Xero, or QuickBooks, we make sure your BAS is accurate, lodged on time, and fully compliant.
What is an IAS?
An Instalment Activity Statement (IAS) is similar to a BAS but is used by businesses or individuals who don’t need to report GST — for example, to report PAYG income tax instalments.
Our BAS, IAS & Tax Lodgment Services
- BAS Preparation & Lodgment: We prepare and lodge your BAS accurately, every time — including GST calculations, PAYG instalments, and PAYG withholding.
- IAS Lodgment: We manage your IAS if you need to report income tax instalments but aren’t registered for GST.
- Income Tax Lodgment: We handle your annual business income tax returns — so you meet your deadlines and claim all allowable deductions.
- ATO Compliance Advice: We explain your obligations clearly, whether you’re new to lodging BAS, want a BAS statement sample, or need help understanding BAS accounting.
- ATO Correspondence: We deal directly with the ATO on your behalf, so you don’t have to.
Know Your Tax Rates & Brackets
Understanding your tax obligations starts with knowing how Australia’s tax system works.
- Australian Tax Rates & Brackets: Australia uses a progressive tax system. Your tax payable depends on your income and where it falls on the tax scale Australia uses each year.
- For example, the tax brackets 2025 set out the marginal tax rate Australia applies at each income level.
- Whether you’re checking the tax levels Australia applies to individuals or businesses, we help you understand your tax rates — so there are no surprises when tax time arrives.
Why Choose PrepMyBook?
Registered BAS & Tax Agents
We know what a BAS statement is, how to lodge it correctly, and how to keep you compliant with the ATO.
Accurate & On Time
Avoid ATO penalties — we prepare and lodge all your statements and returns on time.
Clear Guidance
We break down complex tax jargon — so you actually understand your business activity statements, tax
brackets, and obligations.
Full-Service Support
We handle your BAS, IAS, and income tax returns — all in one place.
Stay Compliant, Confident & Audit-Ready
Don’t stress over tax deadlines or confusing forms. Whether you’re looking at a BAS statement sample, need help with MYOB BAS, or want to understand the taxation scale Australia applies to your business — we’re here to help.
Contact PrepMyBook today to get your BAS, IAS, and income tax lodgments handled by experts — so you can focus on growing your business, not dealing with paperwork.
PrepMyBook — We Make Tax Compliance Simple.
