What To Do If You’re Late With Your BAS Lodgement?

If you are late with your Q4 June 2011 BAS, then do not despair!

We’ve helped many business owners around Mandurah with getting the bookwork upto date, and even helped them avoid LATE FEES issued by the ATO, so if you are late with lodging your Business Activity Statements, then what options are available to you?

We’ve listed ten options for those small business owners around Mandurah that have failed to lodge your BAS for the reporting period 1 April 2011 – 30 June 2011:

1) Take the easy option and ignore it, hoping that the problem will go away

2) Have a panic attack and wonder what to do now you’ve missed the deadline

3) Do what most people do, and just accept that you’ll have to pay a penalty for late BAS lodgement

4) Have sleepless nights wondering how to complete the BAS even though it’s going to be a late lodgement

5) Call the Australian Taxation Office (ATO) and tell them that the canary grabbed the BAS form and has shredded it to make a nest

6) Fossic through your paperwork in the glovebox of your car along with all your other unopened mail, and see if you can even find the Business Activity Statement whilst making a mental note that it should have been lodged by the end of July

7) Call your accountant and ask him / her what you should do next

8.) Do nothing, and just accept that fact that you’ll be fined for a late lodgment, and look forward to receiving fan mail from the ATO

9) Grab a cold one from the fridge, sit in your favorite chair and see what’s on the idiot box

10) Contact us (quickly) because we may be able to get an extension for you, as well as getting all your documentation sorted out to help you ensure that you’re not going to be paying ms Julia more than you need, since she’s shown us all how good she is at spending all that money