BAS Fundamentals (101146047) - Online

Learn the essentials of preparing business activity statements (BAS). Starting with the basics you will work through the various information required to complete a BAS, before practising your skills by actually completing sample BAS paperwork.

Key topics:

• Basics of GST 
• Working with a BAS form 
• Calculation options for GST 
• PAYG withholding  
• PAYG instalment 
• Fringe benefits tax instalment 
• Other labels on the BAS  
• Calculate net liability 
• Tips and traps 
• Completing the BAS form – group or individual

This course consists of one online course, one learning manual PDF and one online assessment.

Want to know more? Click below to view a sample of the learning manual:

A. Monthly GST payer and quarterly GST payer – reporting quarterly

• Calculate total sales for a business in a tax period.
• Calculate GST collected on supplies and GST paid on purchases.
• Calculate export supplies and other GST-free supplies (if applicable).
• Calculate capital acquisitions and other acquisitions (if applicable).

B. Quarterly or annual GST payer – reporting annually

• Calculate total sales for a business in a tax period.
• Calculate the GST collected on supplies and GST paid on purchases.

C. Quarterly GST instalment method

• State how the ATO will calculate the GST instalment to be paid each quarter.
• Calculate a varied instalment from information supplied.

D. Other BAS or IAS information

• Include PAYG withholding information on the BAS or IAS.
• Calculate a PAYG instalment using the ATO instalment rate method or a varied rate.
• Calculate a PAYG instalment using a GDP-adjusted PAYG instalment amount.
• Calculate a varied PAYG instalment amount.
• Calculate a varied FBT instalment.