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.
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.
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.
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.
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.
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 →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 →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 →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 →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:
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.
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 quarterSelf-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 MayDue 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 JunEvery 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 review12% 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 quarterlyBroadly: 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.
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.
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.
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.
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.
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.
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.
60 minutes. Tailored to your business structure, lodgement history and compliance obligations. Formal written service proposal included.
✓ 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.
Very knowledgeable and easy to get in contact with. Excellent customer service. Highly recommended!
Excellent service! Total transparency and professional solvency. Very timely and diligent advice I received from Sebastian. 100% Recommended!!!
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.
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
The team at Y&S Accounting is super efficient. Always ready to help and advise in the best way. Thanks again. 100% recommended
Highly recommended! Professional, prompt and effective service. They guided and advised us well throughout the whole process.
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.
Very knowledgeable and professional. My return was filed quickly and I got the money back within weeks.
Very knowledgeable and easy to get in contact with. Excellent customer service. Highly recommended!
Excellent service! Total transparency and professional solvency. Very timely and diligent advice I received from Sebastian. 100% Recommended!!!
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.
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
The team at Y&S Accounting is super efficient. Always ready to help and advise in the best way. Thanks again. 100% recommended
Highly recommended! Professional, prompt and effective service. They guided and advised us well throughout the whole process.
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.