Mizael Partners was founded in 2013. Since then, we have helped more than 2,000 clients become self-sustaining, compliant, and ready for growth. We are specialists providing innovative solutions in accounting, auditing, financial advice, tax, bookkeeping, and forensic accounting. Contact us today to find out what we can do for your business.
An IAS, or Instalment Activity Statement, is a form used by taxpayers who are not registered for Goods and Services Tax (GST). It is also required to be lodged by entities that prepare a quarterly Business Activity Statement (BAS) but are required to remit their Pay As You Go (PAYG) withholding tax on a monthly basis because they are a medium withholder.
If you own a business or you are an individual that deals with PAYG instalments, PAYG withholding, and/or Fringe Benefit Tax instalments, and you aren’t registered for GST, you will need to lodge an Instalment Activity Statement. There are instances – for example if you are a trustee – where you are required to fill out both BAS and IAS.
We specialise in ensuring that all financial records accurately reflect an individual’s or organisation’s position. We ensure that all statements and records are in accordance with Australian Accounting Standards or International Accounting Standards, as well as the requirements of the Australian Charities and Not-for-profits Commission (ACNC) and the Australian Securities and Investments Commission (ASIC).
We also invest in regular training sessions for our employees to keep them up-to-date on changes in taxation, accounting standards, and other regulations.
If you would like to find out more about how Mizael Partners can help take the hassle out of your Instalment Activity Statements, reach out to one of our professional team today.
To speak to one of our accredited accountants, please call us on 1300 444 004.