How to fill out a BAS

[@parteldesigns7415]

Thank you! This is the only information I found to be helpful and very easy to understand about calculating and reporting GST to the government 😃

[@luzive6831]

The drawings there just made me smile as I was listening to you. Good one! :)

[@ladynegrita8606]

Great video. My BAS course brought me here. Thank you kindly for the video.

[@kbasit65]

Its so easy, finally I will use my accounting skills tomorrow InshAllah. Thank you

[@sleepmares]

Thank you. Well explained and had a giggle too. Thanks very much. Hope to see more

[@sleepmares]

And how do we know what are EXPORTS and GST free sales are? To work out the amounts?

[@gurdeepsinghwalia5468]

hi just wanted to know where would the wages paid to an employee come under if he is not registered for gst. Thanks very much.

[@julieaung7652]

VERY GOOD

[@ВалентинаМ-ц1г]

Thanks for the explanation, but I have noticed the mistakenly filled out 1B/ G19 GST on Purchases - G11 should be equal 44,110, G12 - 77,110, G17 - 77,000, GST on Purchases = 7,000. See the ATO website @All amounts reported at G15 on your worksheet should also have been reported at G10 or G11.

[@milestonenong]

I noticed that! I am with you. The logic behind this table is to help you go throgh the whole amount of numbers minus non gst relevent numbers to work out the GST amont payable/refundable.

[@lorenaconejeros9605]

I consider that the Phillip's calculation is right, because the private purchase doesn't include GST and then the result of G17=G12-G16 and from that you get the total GST from purchases.

[@mhizzq1889]

Hi Phillip, first and foremost, thank you for sharing this information it is really helpful esp with someone like me who just started a business and has zero idea on what to do. For example, when I first filed my BAS I made a mistake and only did one month (November) of my total sales etc, now would I still be able to fix that? I called the ATO and asked for help and no one was able to help me. It would be much appreciated if you could help me understand if there is still a way to fix it please. Thank you so so much in advance.

[@Tetracarbon]

I’d like to help here but there are big penalties for giving unlicensed tax advice openly over the internet. I don’t know your circumstances and can’t give you advice. A screenshot to the TPB or ASIC can get me in trouble I don’t need. That being said I’m happy to refer you to people who can help you directly. Reach out to me via private DM on LinkedIn Facebook email or another method and I can tell you who to talk to or I can direct you further.

[@mhizzq1889]

@Tetracarbon (Phillip Wong) totally understandable. Thank you so much for replying to my message though. I will shoot you a DM then. Thank you so much again

[@chrischen8044]

Hi Phillip, Would Bought lunch (private) be included in Various Expenses? I still do not understand why it can be deducted if it is outside of Various Expenses.

[@Tetracarbon]

Legally not deductible. People occasionally do it anyway. Murder is also illegal. People occasionally do it anyway.

[@jorgeovalle85]

Just saw your video, do you have any update for 2024?

[@AsgharAli-xt2nx]

Very easy explained. thank you ! Helped alot

[@khushbujindal7250]

Hey really amazing video! Need some help. We are a firm of chartered accountants based in India and we have a few clients in Australia for whom we need to file BAS and annual return. Now since we don’t have agent code , Can we actually file these statements by acting as Company executives and how?

[@Tetracarbon]

No

[@achilleus0809]

is the G15 to do with the FBT?

[@0431037160]

Thank you so much for the deep explanation that was really helpful 👍

[@Tetracarbon]

Glad it was helpful!

[@CourtroomCuriosities]

Nice music 👍🔥🔥

[@youtubecomments2740]

17:06 $9091, the tax office rounds closest so .90c rounds up.

[@Tetracarbon]

LOL. The ATO doesn’t care about cents on your BAS. Seriously.

[@alwaystmoza]

Thanks that was very helpful. Btw they still send out the BAS by mail in paper form

[@Tetracarbon]

alwaystmoza they do. But they are super reluctant to do so. The ATO Is hot to trot on getting everyone on to purely online system.

[@AhmedAhmed-ws3lb]

I got one send and because I closed my my abn and gst cancelled they still want me to do one for one last month can I not return it or do the form

[@MR-gp4kx]

This is Awesome! !

[@tareqbakhtani6081]

Thank you :)

[@diegocardona2364]

Hi , I would like to know where can i find this form, i really need it

[@Tetracarbon]

You can download a sample form from the ATO. If you have to do a BAS, the form is now electronic and you can do it from my.gov.

[@manalipopat5720]

@@Tetracarbon Explained v well.... do you have any videos/ link for accounting software for Australia... xero... Myobe.. And how practical accounting is done in this software... Thanks.

[@Tetracarbon]

No. But I suppose I could make some. :)

[@manalipopat5720]

@@Tetracarbon oh wow that's also great... Waiting for the same... Thanks

Thanks mate, time to get on top of 3 years worth of BAS. lol. Driving uber was the worst decision I ever made. Don't do it.

[@David-mq5sl]

To think I paid $230 a quarter for something so simple!

[@wrx111]

How much are paying in this current climate for each quarter ?

[@Vandemataram1745]

VERY GOOD