Budget 2026-27: 50% CGT discount replaced with indexation from 1 July 2027 💰 Treasury May 2026 • Budget 2026-27: 30% minimum tax on capital gains from 1 July 2027 💰 Treasury May 2026 • Budget 2026-27: Negative gearing limited to new residential builds from 1 July 2027 💰 Treasury May 2026 • Budget 2026-27: Negative gearing losses on established properties quarantined to residential property income only 💰 Treasury May 2026 • Budget 2026-27: Existing properties held before 12 May 2026 grandfathered – negative gearing unchanged 💰 Treasury May 2026 • Budget 2026-27: New build exemption preserves negative gearing for properties that add housing supply 💰 Treasury May 2026 • Budget 2026-27: 30% minimum tax on discretionary trust distributions from 1 July 2028 💰 Treasury May 2026 • Budget 2026-27: Bucket companies face effective tax rate of up to 63% on trust distributions 💰 Treasury May 2026 • Budget 2026-27: Bucket company double taxation risk – trustee pays 30%, company taxed again on full distribution 💰 Treasury May 2026 • Budget 2026-27: Corporate beneficiaries cannot claim credits for trustee-level tax paid 💰 Treasury May 2026 • Budget 2026-27: Income splitting via bucket companies materially undermined by trust tax changes 💰 Treasury May 2026 • Budget 2026-27: Rollover relief available from 1 July 2027 to restructure out of discretionary trusts 💰 Treasury May 2026 • Budget 2026-27: $250 Working Australians Tax Offset introduced 💰 Treasury May 2026 • Budget 2026-27: $1,000 instant tax deduction for work-related expenses from 2026-27 💰 Treasury May 2026 • Budget 2026-27: $20,000 instant asset write-off for small business made permanent 💰 Treasury May 2026 • Budget 2026-27: $745.1 million to strengthen Medicare integrity and combat fraud 💰 Treasury May 2026 • Budget 2026-27: $86.3 million for Phase 2 Counter Fraud Strategy 💰 Treasury May 2026 • Budget 2026-27: $17.8 million for ASIC to enhance managed investment scheme oversight 💰 Treasury May 2026 • Budget 2026-27: $136.1 million to complete business registers stabilisation 💰 Treasury May 2026 • Budget 2026-27: Tax rate on $18,201-$45,000 income drops to 15% from 1 July 2026 💰 Treasury May 2026 • Budget 2026-27: Inflation forecast to reach 5% by mid-2026 due to global oil shock 💰 Treasury May 2026 • Budget 2026-27: Australia's gross debt forecast to reach $1.05 trillion by June 2027 💰 Treasury May 2026 • Budget 2026-27: Projected deficit of $31.5 billion for 2026-27 💰 Treasury May 2026 • LISTO income threshold rises to $45,000 with max payment $810 from 1 July 2027 💰 Treasury May 2026 • Superannuation assets exempt from CGT discount changes 💰 Treasury May 2026 • Paid Parental Leave extended to 26 weeks with super contributions from 1 July 2026 💰 Treasury May 2026 • Division 296: 30% tax on super earnings above $3M, 40% above $10M from 1 July 2026 📋 ATO May 2026 • Payday Super: Employers must pay super within 7 days of payday from 1 July 2026 📋 ATO May 2026 • Concessional super cap rises to $32,500, non-concessional to $130,000 from 1 July 2026 📋 ATO May 2026 • ATO given new powers to pause tax debt recovery for victims of fraud by intermediaries 📋 ATO May 2026 • ATO to recover tax debts directly from fraudulent tax intermediaries 📋 ATO May 2026 • ATO garnishee powers expanded to include jointly held assets 📋 ATO May 2026 • ATO: Targeted compliance on R&D Tax Incentive fraud over next two years 📋 ATO May 2026 • ATO: Transfer balance cap increases to $2.1 million from 1 July 2026 📋 ATO Mar 2026 • ATO: Operation Protego – former ATO employees sentenced for GST fraud 📋 ATO Feb 2026 • ATO: 200+ SMSF auditor reviews completed, 41 referrals to ASIC 📋 ATO Dec 2025 • ASIC receives $10.3M to enhance data supervision of managed investment schemes ⚖️ ASIC May 2026 • ASIC: Private capital enforcement focus continues through 2026 ⚖️ ASIC May 2026 • ASIC: Civil penalty proceedings against nearly two dozen defendants in Shield collapse ⚖️ ASIC Apr 2026 • ASIC: DDO stop orders issued against private credit funds over TMD deficiencies ⚖️ ASIC Mar 2026 • ASIC: Actions against 28 SMSF auditors – 22 registrations cancelled ⚖️ ASIC Mar 2026 • ASIC: Urgent cyber security warning against frontier AI threats ⚖️ ASIC Feb 2026 • ASIC: NSW construction director disqualified for five years ⚖️ ASIC Jan 2026 • ASIC: Review commenced into advice licensees using lead generation services ⚖️ ASIC Dec 2025 •

- Business Activity Statement (BAS)

(- Fill in and submit this form online (without our assistance) to be considered for our discounted $132 to $220 fee.

- For GST & lodgement only (No PAYGW, other taxes and/or preparation/review)

- For sole-trade BAS per quarter (QTR) only. 

- Ts&Cs apply - retail fee starts from $418.)

Name of responsible officer/owner/signatory: *
Business, entity or your full name: *
Australian business number (ABN): *
Email address: *
Financial year (FY): *
Relevant period for BAS/PAYGW/PAYGI: *

👉 If your business was GST registered on Cash Basis, only the total of GST suppllies amount received or expensed for a relevant QTR/FY should be entered (i.e exclude the receivable and payable amounts). If it's registered on Accrual Basis, the total of all GST-supplies amount invoiced and billed for a relevant QTR/FY should be entered (i.e include the receivable and payable amounts). Leave non-applicable fields blank or enter "0". (Hints: The most common used fields below are G1, G10, G11, W1, W2 and T7 where applicable if you do the simpler BAS option.)

 *

Taxable Sales (G1-G9): Please visit the ATO link here and read to know more about "taxable sales".

 *
G1 - Total sales (including any GST):
G2 - Export sales:
G3 - Other GST-free sales:
G4 - Input taxed sales:
G5 - Sub-total (G2+G3+G4):
G6 - Total sales subject to GST (G1-G5):
G7 - Adjustments:
G8 - Total sales subject to GST after adjustments (G6 + G7):
G9 - GST on Sales (Divide G8 by 11):

Purchases (G10-G20):

Please visit the ATO link here and read to know more about taxable capital and non-capital purchases for GST purposes. Please also visit the ATO link here to read and understand more about "purchases with GST in the price".

 *
G10 - Capital Purchase (including any GST):
G11 - Non-Capital Purchase (including any GST):
G12 - Subtotal (G10+G11):
G13 - Purchases for making input-taxed sales:
G14 - Purchases without GST in the price:
G15 – Estimated purchases for private use or not income tax deductible:
G16 - Sub-total (G13+G14+G15):
G17 - Total of purchases subject to GST (G12 - G16):
G18 - Adjustments:
G19 - Total of purchases subject to GST after adjustment (G17+G18)
G20 – GST on Purchases (Devide G19 by 11):

PAYG Withholding (PAYGW) for employees' income tax: Please visit the ATO link here and read to know more about PAYGW. (Skip this if you were not an employer.)

W1 - Total salary, wages and other payments:
W2 - Amount withheld from payments shown at W1:
W4 - Amount withheld where no ABN is quoted:
W3 - Other amounts withheld (excluding any amount shown at W2 or W4):

PAYG Instalment (PAYGI) for your business' income tax: Please visit the ATO link here and read to know more about PAYGI. (If unsure, you may skip this section.)

PAYGI options:
T7 - Instalment amount

Do you need to vary the amount at T7? If yes, please, complete T8, T9, T4 below:

T8 - Estimated tax for the year:
T9 - Varied amount payable for the quarter:
T4 - Reason code for variation:

Taxpayer's Declaration:

I, above mentioned responsible officer/owner/signatory, confirm and declare that the information provided in this form is true and correct, and I have necessary evidence to support it as per the ATO's stringent SUBSTANTIATION requirements (which I have visited, read and understood) and/or the TAX INVOICES requirements (which I have visited, read and understood); and I am authorised to make this declaration. 

 *

I, above mentioned responsible officer/owner/signatory, agree to the iqCron Accounting's Terms and Conditions (which I have visited, read and understood) and Privacy Policy (which I have visited, read and understood) where applicable.

 *
Date of Declaration: *
Notes (if any):
 

Disclaimer: The contents of this form are confidential and may be protected by copyright and/or legal privilege. Any unauthorised use, reproduction, disclosure or distribution of the information contained in this form is prohibited. Anyone intending to apply any information contained in this form to their practical circumstances should seek professional advice to independently verify their interpretation and the information’s applicability to their particular circumstances. This is NOT the actual BAS form for lodgement to the ATO. This form is used by us for the purpose of collecting your or your entity’s required true and correct information to consider a discounted fee for your BAS lodgement only. This discounted fee apply to small businesses with simple tax affairs with GST lodgement only (NO PAYGW, PAYGI, FTC, FBT) where total income and expenses are less than $85k and $25K respectively. If this require our assistance or inquiry or review, the discounted fee may not apply. Extra fees apply for in-person consultation. For ease of sharing your information with us, we may still ask you to fill in this form even when a discount is not applicable due to the nature and scale of your business.

Instructions:

✅ Fill in all required fields with red asterisk mark *.

✅ Rotate your mobile device to landscape mode to see the full instructions in the form-fields.

✅ Complete the Google reCAPTCHA ("I'm not a robot") if prompted.

✅ Click Next/Submit.

 

If successful, you'll see:

👉🏻 A confirmation message ("Form submitted successfully").

👉🏻 Client-to-agent nomination steps for partnership, company, trusts and other applicable entities.

👉🏻 Option to book an appointment (if applicable).

 

If the page doesn’t advance:

☑️ Ensure all fields are filled.

☑️ Check that reCAPTCHA is completed (at least accept reCAPTCHA cookie before start using the site).

☑️ Refresh the page and resubmit.

☑️ Start a new session if issues persist or call us for assistance (0422 270 122).