How to fill out a BAS

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Күн бұрын

A basic guide for first year accounting students on how to fill out a BAS (Business Activity Statement)
www.tetracarbon.com/
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Happy Studies!
-Phillip

Пікірлер: 38

@parteldesigns7415 4 жыл бұрын

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 😃

@ladynegrita8606 4 жыл бұрын

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

@luzive6831 Жыл бұрын

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

@AsgharAli-xt2nx 3 жыл бұрын

Very easy explained. thank you ! Helped alot

@0431037160 3 жыл бұрын

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

@Tetracarbon 3 жыл бұрын

Glad it was helpful!

@kbasit65 5 жыл бұрын

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

@sleepmares 2 жыл бұрын

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

@sleepmares 2 жыл бұрын

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

@gurdeepsinghwalia5468 3 жыл бұрын

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.

@MR-gp4kx 5 жыл бұрын

This is Awesome! !

@achilleus0809 2 жыл бұрын

is the G15 to do with the FBT?

@tareqbakhtani6081 5 жыл бұрын

Thank you :)

@jorgeovalle85 Ай бұрын

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

@trapnbassmusic 3 жыл бұрын

Nice music 👍🔥🔥

@chrischen8044 3 жыл бұрын

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 3 жыл бұрын

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

@Vandemataram1745 3 жыл бұрын

VERY GOOD

@mhizzq1889 Жыл бұрын

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 Жыл бұрын

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 Жыл бұрын

@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

@khushbujindal7250 3 жыл бұрын

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 3 жыл бұрын

@user-ef6gz1ov1t 4 жыл бұрын

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 4 жыл бұрын

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 3 жыл бұрын

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.

@diegocardona2364 5 жыл бұрын

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

@Tetracarbon 5 жыл бұрын

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 4 жыл бұрын

@@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 4 жыл бұрын

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

@manalipopat5720 4 жыл бұрын

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