A1 Books Balanced
What is the difference between a Bookkeeper and a BAS Agent?
Anyone can call themselves a Bookkeeper, whether they have no experience or several years, whether they are excellent or incompetent. A Bookkeeper is permitted to compile your books, however, they are not permitted to provide BAS Services.
Whereas a BAS Agent has to be a qualified Bookkeeper and must be registered with the Tax Practitioners Board. This means that they have to be a competent and experienced Bookkeeper in order to be permitted to provide all aspects of BAS Services.
- GST (Goods & Services Tax)
- WET (Wine Equalisation Tax)
- LCT (Luxury Car Tax)
- FTC (Fuel Tax Credits)
- PAYG W (Pay As You Go Withholding)
- SGC (Superannuation Guarantee Charge)
- TPAR (Taxable Payments Annual Report)
- PAYG I (Pay As You Go Instalments)
- FBT (Fringe Benefits Tax)
Why choose a Registered BAS Agent?
Over the past few years, there have been many changes within the Bookkeeping Industry, the biggest, and most fundamental of these being the introduction of the Registered BAS Agent. Bookkeepers who are not registered BAS Agents are no longer permitted to provide BAS Services.
This means that only Registered BAS Agents can:-
(as per the Tax Practitioners Board)
- Ascertain the Liabilities, Obligations or Entitlements of an entity that arise or could arise under a BAS Provision
- Advise an entity about the Liabilities, Obligations or Entitlements of the entity or another entity that arise, or could arise, under a BAS Provision
- Represent an entity in their dealings with the Commissioner in relation to a BAS Provision
- Reasonably be expected to rely on the service for the following purposes:-
- To Satisfy Liabilities or Obligations that arise, or could arise, under a BAS Provision
- To Claim Entitlements that arise, or could arise, under a BAS Provision
What are the benefits to YOU?
A Registered BAS Agent provides you with many advantages, but I believe the most important aspect for you is “peace of mind”. Using a Registered BAS Agent ensures that you have a qualified, competent, experienced, professional and approved Bookkeeper, who can be relied upon to assist with all aspects relating to the Business Activity Statements.
To be approved as a Registered BAS Agent Bookkeepers have to:-
- Be a Fit and Proper Person
- Have a minimum Qualification of Certificate IV Bookkeeping
- Continue to have sufficient, ongoing and continual relevant experience
- Have appropriate level of Professional Indemnity Insurance
- Undergo continuing professional education and
- Maintain professionalism in accordance with the Code of Conduct