BAS, IAS & FBT Returns

BAS Returns & Bookkeeping Services in Perth

If you are a business registered for GST, you need to lodge a BAS Returns. Your BAS Returns will help you report and pay your:

Once registered for GST, It’s the regulatory requirement for all Australian businesses to lodge a BAS Return on a periodic basis every year irrespective of the structure of the business such as Sole Trader, Partnership, Trust, and Company. The tax laws pertinent to business are ever changing and might be complex in understanding sometimes and it’s very crucial to be on top of your GST and other tax obligations to avoid any potential difficulties regarding your business tax scenarios

We, TFP Tax Accountants,

Professionally understand and deal with BAS Returns and their associated facets to maximize any applicable rebates and concessions. Below are the most common type of BAS returns we are specialized in

Whether you are operating under sole trader or a partnership business, or in company or in a trust and looking for your BAS Return Services, a dedicated team of professional tax consultants at TFP tax Accountants can assist you in taking care of your precise requirements. Working with businesses from different industries across Australia, we can assure you assisting during any stage of your business and help keep your business running smoothly.

Instalment Activity Statement (IAS) Returns

An Instalment Activity Statement (IAS) is a document sent out by the Australian Taxation Office (ATO) each month which applies to you if you deal with any of the following

Instalment Activity Statement

If this happens to you, give us a call and one our friendly tax advisor can help you understand and ensure that you are meeting your lodgment requirements.

Fringe Benefit Tax (FBT) Returns

Fringe Benefit Tax (FBT) is the tax you as an employer pay for benefits you provide to your employees/their families/associates. You can claim tax deductions for the FBT paid and the cost of fringe benefits provided.

Educational fee reductions, Vehicle-related costs/parking
Discounts offered to employees on products/services.
Accommodation/meal provisions, Recreational activities/events
Loan waivers/debt cancellations
Medical/health-related benefits, Access to sports/fitness.

If you have an FBT of $3,000 or more in the previous financial year, FBT instalments will automatically be generated in your IAS (if you are required to report monthly) or your BAS (if quarterly). In other cases, you can report and pay in the annual FBT return.

BAS Returns & Bookkeeping Services In Perth

We’re more than just bookkeepers, business accountants, or advisors. For us, every client is like family—not just a number. When our clients grow, we grow alongside them, which makes your success our top priority.

At TFP Tax Accountants, we take pride in offering professional, practical, and hands-on business accounting and tax agent services tailored for individuals and small to medium-sized businesses. Our diverse client base spans a variety of industries and professional fields.

We specialize in helping businesses with their structure, accounting, and tax needs. We simplify even the most complex challenges for small business owners—whether it’s clarifying vision and mission, building strategy, improving team coordination, or implementing effective key performance indicators (KPIs).

Once we partner with you as your business accountant, bookkeeper, and BAS agent, we follow a structured process designed to support, guide, and educate you. Our goal is to help your business improve its performance and achieve its full potential.

Contact us for any information or inquiries related to taxation and business advisory services.

FAQS

Frequently asked question

Why choose TFP tax accountant in Perth?

No Appointment Needed: If you can’t make it in person with Tax Agent, we make the process simple and quick, online or over the phone.
Same-Day Completion: Send us your full details, and we can complete your tax return on the same day.
Expert Support: Your allocated Tax Accountant is always available to answer questions, either online or by phone.
Maximized Refunds: A qualified Tax Accountant will check your return for extra deductions, ensuring you get the maximum refund possible before it’s submitted to the ATO.
Confidence in Accuracy: Consumer surveys show that the #1 reason people choose TFP Tax Accountants is for the peace of mind that their tax return is done correctly. We ensure any mistakes are corrected to avoid delays or ATO issues.

What services do you offer?

Tax Return for Individuals

Individual Tax Returns: Preparation and filing of tax returns for all professionals.
Sole Trader Tax Returns: Assistance with tax returns for sole traders.
Rental Income & Negative Gearing: Guidance on tax implications of rental income and strategies for negative gearing.
Capital Gains on Rental Property, Shares, and Crypto Currencies: Advice on capital gains tax related to rental properties, shares, and crypto currency.
Employee Share Schemes: Support with tax matters concerning employee share schemes.
Income from Partnerships, Companies, and Trust Distributions: Assistance with tax obligations arising from income received from partnerships, companies, and trusts.
Redundancy & Employment Termination Payments: Guidance on tax implications of redundancy and employment termination payments.
Income from Australian Government Payments, Pensions, and Superannuation Income Streams: Advice on taxation of income from government payments, pensions, and superannuation income streams.
Interest Income, Franked and Unfranked Dividends: Support with tax matters related to interest income and dividends, both franked and unfranked.

Small Business Accounting:

We offer a comprehensive suite of services tailored to small businesses, including:

Entity Structuring: Assistance in selecting the most suitable business structure—such as sole trader, partnership, company, family trust, or unit trust—to optimize tax efficiency and operational effectiveness.
Bookkeeping & Payroll Management: Provision of accurate bookkeeping services and efficient payroll management to ensure compliance and streamline financial operations.
Superannuation and BAS Reporting: Guidance on superannuation obligations and preparation of Business Activity Statements (BAS) to meet regulatory requirements.
Annual Tax Returns & Financial Preparation: Preparation and filing of annual tax returns, along with comprehensive financial statements, to support informed decision-making.
Tax Planning & Business Advisory Services: Strategic tax planning and advisory services to foster business growth, enhance profitability, and ensure long-term financial success.

Our goal is to provide personalized solutions that align with your business objectives and ensure compliance with Australian tax regulations.

For Home Buyers:

Home Loan Application Preparation & Lodgement,
Calculating Borrowing Capacity.
Refinance & Debt Consolidation,
Assisting on Investment Loan structuring,

I’m new to setting up a business. How can an accountant help me?

We provide guidance for new startup businesses, ensuring they structure their entity correctly based on your specific circumstances.
We can provide you with a clear outline of the compliance tasks you need to manage.” Such as GST Registration, PAYG Registration, FBT, Fuel Tax Credit etc.
We can provide you with an annual calendar that outlines all the necessary lodgments and reporting compliance deadlines.
You’ll have peace of mind knowing your business is being handled by the right accountant.

Do you offer consulting services?

Our consulting services include, but are not limited to:

Tax compliance and reporting
Business structure evaluation
Cash flow review and forecasting
Payroll management
Financial health check for existing businesses

Is TFP Tax Accountants able to work with different accounting software?

“We are proficient in working with various accounting software, including Xero, MYOB, QuickBooks, and any other platform where your business records are kept.”

Let's Talk

Get In Touch

Our clients range from individuals and business owners to overseas property investors and professionals. They often require assistance beyond tax returns and business accounting, seeking guidance on tax planning and various financial and tax-related matters. Our Business Accountants, Tax Agents, and Tax Advisers are available year-round to discuss and support your personal and business needs.

Phone

08 9386 0047

Address

252 Fitzgerald Street, Perth WA 6000

Email

kamal@tfptax.com.au