Instalment Activity Statements Preperation
Compile Your Tax Return Documents
An Instalment Activity Statement (IAS) is a monthly document dispatched by the Australian Taxation Office (ATO) that becomes relevant to you under the following circumstances:
- You’re not registered for Goods and Services Tax (GST) but must report on PAYG Instalments, PAYG Withholding, ABN Withholding, and/or FBT Instalments.
- While you provide quarterly Business Activity Statements (BAS), you must also make monthly PAYG withholding tax payments due to your classification as a medium withholder.
Ensuring Compliance and Maximising Cash Flow
Our dedicated team of CPA accountants ensures that every IAS is meticulously prepared, capturing all financial transactions relevant to your tax obligations. With our expertise, you can be confident that each statement mirrors your business’s financial activity without errors or omissions.
An improperly prepared IAS can result in overpayments, underpayments, or regulatory penalties. We’re here to ensure that doesn’t happen. With a deep understanding of Australian taxation regulations and reporting requirements, we ensure your IAS meets the Australian Taxation Office (ATO) standards and aligns with strategies to optimise your cash flow, ensuring you pay exactly what you owe.
Engaging with Northern Taxation & Accounting means entrusting your IAS responsibilities to seasoned professionals. We streamline the process, making it straightforward for our clients. Once we gather the necessary financial data, our team gets to work, allowing you to focus on other aspects of your business.
