The following community information is brought to you by the Australian Taxation Office. Interview with Yangsook Lee.
Most businesses lodge their activity statements quarterly. 28th February is the next quarterly BAS lodgment due date.
It’s important to remember, even if you have nothing to report, you still have to lodge a nil activity statement and to save time, the best way to lodge is online.
You can lodge online through the ATO business portal or if you are a sole trader through your myGov account.
Online is the easiest way to lodge and by doing so you may get an extra two weeks to lodge and pay.
It’s important to remember that even if you can’t pay on time you must lodge on time or a penalty may apply.
You can find more information via Podcast above.
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