March is peanut month, but we say:
‘Please don’t be a peanut, make sure you use a registered BAS agent to assist you and your business.’
Look for this symbol to make sure your bookkeeper is a licenced by the Tax Practitioners Board as a BAS agent.
Then sit back, relax and enjoy a peanut and choc chip cookie while your bookkeeping is taken care of!
Why should I care? What’s the difference between a garden variety bookkeeper and a BAS agent?
A BAS agent is a licensed and insured bookkeeper who invoices you for their work.
If your bookkeeper is not a BAS agent
– They cannot invoice you! (they can be an employee)
– They cannot setup accounting software & tailor it to your needs.
– They may not confirm the figures for a client’s BAS lodgment or lodge on the ATO portal (and are not entitled to the 4 week extension).
– They cannot prepare group certificates/payment summaries or TPARs.
– They may not deal with super through a clearing house or submit a TFN declaration on behalf of a client.
To find out exactly what services can or can’t be performed see the TPBs website here https://www.tpb.gov.au/bas-services
Don’t be a peanut! Make sure your bookkeeper is a registered BAS agent.
At Streamline Management we’re licenced BAS agents – we’re licensed to lodge!
