What’s an ATO Activity Statement?

If you’re a sole trader, small business owner, or contractor in Australia, chances are you’ve heard of the Activity Statement. It might not be as familiar as a regular tax return, but it’s just as important — and can impact your tax refund or how much you owe.

Let’s break down what an ATO Activity Statement is, how it works, and why teaming up with a tax agent who offers refund on the spot can make tax time a whole lot smoother.

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📋 What Is an Activity Statement?

An Activity Statement is a form the Australian Taxation Office (ATO) sends to businesses and some individuals to report and pay specific tax obligations, including:

● GST (Goods and Services Tax)

● PAYG instalments (Pay As You Go income tax pre-payments)

● PAYG withholding (tax withheld from employees’ pay)

● Fringe Benefits Tax (FBT) instalments

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There are two main types:

● Business Activity Statement (BAS) – for GST-registered businesses

● Instalment Activity Statement (IAS) – for individuals or businesses not registered for GST, but who still need to pay PAYG instalments

You may be required to lodge monthly, quarterly or annually, depending on your business size and tax obligations.

Highly qualified accounting team will check your Tax return Twice

💸 Can I Get a Tax Refund from an Activity Statement?

Yes — it’s possible.

If you’ve paid more GST or PAYG instalments than you actually owe, or claimed GST credits that exceed what you’ve collected, you might be entitled to a credit or refund.

This refund can either go towards future tax bills, or — if you lodge everything correctly — be refunded straight to your account.

No need to visit our office (We communicate with phone, email & SMS)

⚡ How a Tax Agent Offering “Refund on the Spot” Can Help

Here’s where it gets better: if you’re lodging an activity statement along with your annual tax return, or if you’re expecting a refund from overpaid PAYG, a tax agent that offers refund on the spot can give you access to your refund instantly, even before the ATO processes it.

What does that mean?

● You lodge your return or activity statement through the agent.

● They assess your refund.

● You get your refund (or most of it) immediately — minus any fees.

● No waiting 1–2 weeks for ATO processing.

Highly qualified accounting team will check your Tax return Twice

🧠 Why Use a Tax Agent for Your Activity Statement?

Activity Statements can be tricky — especially with changing GST rules, fluctuating income, and tight deadlines. Here’s why it helps to use a registered tax agent:

✅ Correct GST reporting
✅ Accurate PAYG instalment calculations
✅ Help managing cash flow
✅ Avoid late lodgement penalties
✅ Maximise eligible credits and deductions
✅ Get your refund fast, on the spot

👨‍💼 Who Needs to Lodge an Activity Statement?

You likely need to lodge BAS or IAS if you:

● Run a small business or are a sole trader

● Are registered for GST

● Have employees and withhold tax from their wages

● Are making PAYG instalments as an individual (e.g. freelancer, Uber driver)

Don’t risk penalties—lodge correctly with Tax Refund On Spot!

🧾 What You’ll Need to Lodge

Make sure you’ve got:
● Your ABN

● Business income and expense records

● GST collected and paid

● PAYG amounts withheld or paid

● Any relevant deductions or credits

Over 35,000 returns lodged with Tax Office

Final Thoughts

Managing Activity Statements is a key part of running a business or working as a contractor in Australia. Getting it right can mean more cash in your pocket — and if you work with a tax agent who offers refund on the spot, you don’t even have to wait to get it.

📞 Call Us: 1300 768 284
📧 Email: enquiry@taxrefundonspot.com.au
🌐 Website: www.taxrefundonspot.com.au