The Business Activity Statement (BAS) is a government form issued by the tax authority for businesses to report their tax obligations. BAS serves as a mechanism for businesses to declare the taxes payable for a given reporting period, inclusive of Goods and Services Tax (GST), Pay As You Go (PAYG) Withholding Tax, and other tax obligations. It is typically lodged electronically, and the format can vary depending on the size and structure of the business. For example, a small business might lodge a simple BAS quarterly for GST and PAYG, while a larger corporation might have more comprehensive reporting needs. An example usage in a sentence could be: 'Our accounting software helps compile all the necessary figures to complete our BAS efficiently.' Easy and timely completion of the BAS is essential for maintaining compliance and avoiding penalties. Reconciliation of accounts and systematic record-keeping are key practices to ensure smooth BAS reporting. Easy Month End can assist businesses with preparing accurate BAS reports by streamlining their month-end and quarter-end processes.