For businesses with PAYG instalment obligations, we calculate the instalment amount based on your income, track payments, and handle amendments if your income changes. Instalments are calculated and lodged alongside your BAS.
The Process
IAS assessment reviewed from prior year return
Current year income tracked
Instalment amount calculated based on current income
Amendment lodged if instalment changes
Payments tracked and reconciled
Year-end reconciliation simplified
FAQ
IAS is typically calculated as a percentage of your prior year tax. If your income changes, you can request an amended assessment based on current year income.
IAS is typically due quarterly on the same dates as BAS (21st of the month after quarter-end). Some businesses pay monthly.
We lodge an amendment request showing lower current income. IAS amount is reduced, so you pay less.
Overpaid IAS is credited against your next tax bill or refunded if you've paid more than your actual tax liability.
No. IAS is an instalment of your tax throughout the year. Your accountant calculates final tax liability at year-end.
Can't find the answer you're looking for? Get in touch
We can help you implement ias preparation and start seeing results. Book a consultation to discuss your specific needs and explore how this service can transform your business.