Why Small Business Compliance Matters

ATO and ASIC compliance isn't optional, isn't simple, and isn't cheap when you get it wrong. A properly managed compliance program is the foundation that protects everything else you build: your credit rating, your growth plans, your mental energy, and your personal assets when you're a company director. Here's what a professionally managed compliance stack actually buys you.

Avoid penalties & interest

The ATO charges $330 per 28-day period for late BAS or tax returns, plus general interest on unpaid tax. One missed deadline can cost thousands, and compound quickly if you fall behind.

Unlock finance & growth

Banks, lenders, suppliers and investors expect a clean compliance history. Overdue returns are an instant red flag that shuts down credit applications and kills deals.

Free up time & mental energy

Compliance admin is a full-time distraction when you do it yourself. Outsourcing it gives you back the hours you need to grow the business, and removes the background anxiety of not knowing if you're behind.

Our Business Compliance Services

Four integrated services that cover every Australian small business's annual compliance obligations. Each is available as a standalone engagement or bundled into a fixed-fee monthly or quarterly package. Click through to any service below for full details, FAQs and pricing.

Business Activity Statements (BAS)

Monthly or quarterly BAS preparation covering GST, PAYG withholding, PAYG instalments and fuel tax credits. Clean coding, on-time lodgement, and automatic tax-agent extensions on every cycle.

Explore BAS service →
Business Tax Returns

Annual income tax returns for companies, trusts, partnerships and sole traders. Div 7A, franking accounts, depreciation schedules, trust distributions and instant asset write-off, all handled end to end.

Explore Tax Returns →
Financial Statements

Lender-ready profit & loss, balance sheet, cash flow statement and supporting notes. CPA-prepared, ATO and ASIC compliant, and backed by a clean workpaper file if the bank or ATO asks questions.

Explore Financial Statements →
Fringe Benefits Tax (FBT) Returns

Annual FBT returns covering car benefits, meal entertainment, loan benefits and employee expense payments. We identify every reportable benefit and claim every exemption you're entitled to.

Explore FBT Returns →

What We Handle For You - Every Deadline, Every Form

Our managed compliance service covers every ATO and ASIC obligation a typical Australian small business faces, from weekly PAYG through to the annual ASIC company review. Most clients pair our compliance services with our bookkeeping and tax planning services for a complete year-round engagement.

Every compliance client gets our full obligation coverage:

01Monthly or quarterly BAS preparation and lodgement
02Company, trust, partnership & sole trader tax returns
03Annual financial statements (P&L, balance sheet, cash flow)
04Fringe Benefits Tax (FBT) annual returns
05ASIC annual review & company statement lodgement
06PAYG withholding & instalment reconciliation
07ATO correspondence & audit defence support
08Tax-agent lodgement extensions on every return

The Small Business Compliance Calendar (2025–26)

Here are the five critical ATO and ASIC deadlines every Australian small business owner should have in the diary. Engage Y&S Accounting and we'll track and meet all of them on your behalf, and claim the tax-agent extensions where available.

1
Quarterly BAS lodgement

Due 28 October, 28 February, 28 April and 28 July. Tax-agent clients get an automatic four-week extension on each quarterly due date. See our BAS service page for the full breakdown.

Every quarter
2
Annual business tax return

Self-lodgers: 31 October following the financial year end. Tax-agent clients: typically up to 15 May the following year, depending on lodgement program category. See our business tax return page.

31 Oct / 15 May
3
Fringe Benefits Tax return

Due 21 May for self-lodgers, up to 25 June for tax-agent clients. Note the FBT year runs 1 April to 31 March, not the standard income tax year. See our FBT returns page.

21 May / 25 Jun
4
ASIC annual company review

Every Pty Ltd must pay an annual review fee ($321 for a standard company in 2025–26) and confirm or update company details within two months of the review date. Missing this triggers late fees and potential deregistration action.

Annual company review
5
Superannuation Guarantee payments

12% of ordinary time earnings (2025–26), paid quarterly by 28 October, 28 January, 28 April and 28 July. Late payment loses your tax deduction and attracts the Superannuation Guarantee Charge.

28th quarterly

Small Business Compliance FAQs

What does "business compliance" actually cover?

Broadly: every reporting and lodgement obligation your business has to the ATO, ASIC and other regulators. For most Australian small businesses this means BAS, annual tax returns, financial statements, FBT returns, ASIC annual reviews, PAYG withholding and superannuation guarantee payments. Our four core compliance services cover the first four and we handle the rest as part of the package.

Do I need all four compliance services or can I pick and choose?

You can engage any of our services (BAS, business tax returns, financial statements, or FBT returns) as a standalone. Most clients bundle them because the four services feed into each other (your BAS flows into your tax return, your financial statements support both) and the bundled fee is lower than engaging each separately.

What happens if I'm already behind on lodgements?

We regularly help clients catch up on two to five years of overdue BAS and tax returns. The first step is a compliance assessment (the $250 consultation) to confirm what the ATO has on file, build a catch-up plan, and negotiate penalty remission with the ATO on your behalf where appropriate. Many clients recover more in remitted penalties than they pay in fees.

Do you offer fixed-fee compliance packages?

Yes. After the initial consultation we quote a fixed monthly or quarterly fee covering your chosen services. No surprise bills, no hourly clock, just predictable pricing that matches your BAS cycle. Most small businesses pay a single monthly direct debit that covers their full year-round compliance stack.

Do I still need a bookkeeper if I engage your compliance service?

Usually yes. Compliance (BAS, returns, statements) relies on clean bookkeeping underneath. You can either keep your existing bookkeeper, do your own books in Xero or MYOB, or engage our own bookkeeping service as part of the bundle. Most of our clients take the bundled option because it eliminates the handoff gaps and the finger-pointing when something goes wrong.

Can you work with my existing Xero, MYOB or QuickBooks file?

Absolutely. We work with Xero, MYOB, QuickBooks and any export-capable accounting system. If your file needs cleaning up before we can lodge, we'll quote that separately as part of the bookkeeping scope and walk you through it at the consultation. No surprise invoices.

How does compliance connect to tax planning?

Compliance is about accurately reporting what already happened. Tax planning is about legally reducing what will happen next, before 30 June. The two services work best together: we use your BAS and prior-year return data to identify planning opportunities, then implement them through our tax planning service before the year ends.

Book Your Business Compliance Assessment

60 minutes. Tailored to your business structure, lodgement history and compliance obligations. Formal written service proposal included.

AUD $250 inc. GST

✓ No obligation to proceed  ·  Fee credited to implementation if you engage

    

Very knowledgeable and professional. My return was filed quickly and I got the money back within weeks.

Orlando Guerra
    

Very knowledgeable and easy to get in contact with. Excellent customer service. Highly recommended!

Cristian Campo
    

Excellent service! Total transparency and professional solvency. Very timely and diligent advice I received from Sebastian.  100% Recommended!!!

Paula Guerra Sanchez
    

The service I have received from Sebastian has been exceptional. With several years of experience he is always very up to date.
Of course I would do any procedure with them again because of their high level of knowledge on the subject.

Sebastian Gonzalez
    

I highly recommend their accounting services as the assistance we have contracted is highly professional showing great expertise in all business and personal accounting matters. I surely believe the value for money received well overpasses the expectations of service

Eastman Velasquez
    

The team at Y&S Accounting is super efficient. Always ready to help and advise in the best way.  Thanks again. 100% recommended

Alvaro Guilarte
    

Highly recommended! Professional, prompt and effective service. They guided and advised us well throughout the whole process.

Juan Polanco
    

Excellent service! I did the tax return and superannuation with them, and everything went smoothly. Very professional when it comes to answering and giving information. I would 100% recommend them to anyone who requires this type of service.

Valentina S
    

Very knowledgeable and professional. My return was filed quickly and I got the money back within weeks.

Orlando Guerra
    

Very knowledgeable and easy to get in contact with. Excellent customer service. Highly recommended!

Cristian Campo
    

Excellent service! Total transparency and professional solvency. Very timely and diligent advice I received from Sebastian.  100% Recommended!!!

Paula Guerra Sanchez
    

The service I have received from Sebastian has been exceptional. With several years of experience he is always very up to date.
Of course I would do any procedure with them again because of their high level of knowledge on the subject.

Sebastian Gonzalez
    

I highly recommend their accounting services as the assistance we have contracted is highly professional showing great expertise in all business and personal accounting matters. I surely believe the value for money received well overpasses the expectations of service

Eastman Velasquez
    

The team at Y&S Accounting is super efficient. Always ready to help and advise in the best way.  Thanks again. 100% recommended

Alvaro Guilarte
    

Highly recommended! Professional, prompt and effective service. They guided and advised us well throughout the whole process.

Juan Polanco
    

Excellent service! I did the tax return and superannuation with them, and everything went smoothly. Very professional when it comes to answering and giving information. I would 100% recommend them to anyone who requires this type of service.

Valentina S