Are you interested in providing BAS Services in Australia, but you’re not sure how to get started? You don’t need to search any further! In the next blog post, we will go over a number of useful hints and suggestions that will assist you in getting started with delivering BAS services. No matter how long you’ve been working in accounting or if you’re just getting started in the field, our guide will provide insightful information that will assist you in elevating your company to the next level. Now, grab a cup of coffee, and let’s dive right into it!
What is the BAS?
Building Act 1993 (also known as BAS) is a set of laws that were created with the intention of enhancing the public’s safety as well as the safety of structures. BAS Services in Australia are required to demonstrate compliance with these requirements in order to be authorized to supply BAS services.
The Building Act 1993 sets down basic criteria for the design, construction, and upkeep of structures. It also establishes a licensing system for builders and other building practitioners.
Businesses in Australia Need the Following Requirements:
- Ensure that you are in compliance with the Building Act of 1993 as well as any relevant restrictions
- Be in possession of a license that is current and issued by the appropriate authority
- Maintain insurance protection for their work \s- Satisfy any additional standards specified by the competent authority
Benefits and Qualification for BAS Services?
There are a few eligibility requirements for BAS services in Australia. Initially, the business must have an Australian Business Number (ABN) (ABN). Second, the company needs to have its GST registration in order to operate legally. Lastly, there must be a physical presence of the company in Australia.
If a company satisfies all of the conditions outlined above, then they are qualified to receive services from BAS. These services can be offered by an accountant or bookkeeper who is registered with the Tax Practitioners Board (TPB) (TPB).
What is the Experience of a BAS Accountant?
You will want to be certain that the accountant you hire has previous expertise performing the specific kind of accounting work that you want. If you require assistance with tax preparation, you should make sure that the accountant has previous experience in the field.
Are There Any References That You Can Provide?
It is usually a good idea to ask an accountant for BAS for references, and you should do so whenever possible. Before settling on a choice, you will have the opportunity to discuss the matter with other companies or individuals who have previously utilized the services of the BAS accountant.
Read More: Accounting Consulting Firms in Australia