# BAS Preparation — Q2 2025-2026
**Period:** October, November, December 2025  
**Due Date:** 28 February 2026 (11 days)  
**Status:** AWAITING DATA  
**Prepared by:** Harper (Finance)

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## BAS Status Summary

| Item | Status | Notes |
|------|--------|-------|
| **BAS Period** | Q2 FY2025-26 | Oct-Nov-Dec 2025 |
| **Due Date** | 28 Feb 2026 | 11 days remaining |
| **GST Registration** | ✅ Confirmed | Active since company inception |
| **Revenue Records** | ❌ AWAITING | Need Michael to confirm any income |
| **Expense Records** | ❌ AWAITING | Need list of Q2 expenses |
| **GST Collected** | $0 (assumed) | Pre-revenue, no sales |
| **GST Paid** | ❌ TBD | On expenses, if any |
| **Preparation Status** | 🟡 BLOCKED | Cannot complete without data |

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## What I Need From Michael

### Option A: Self-Preparation (Recommended if simple)
Please provide:
1. **Any revenue in Q2?** (Oct-Nov-Dec 2025)
   - Likely answer: $0 (pre-revenue)
2. **Business expenses in Q2:**
   - Domain registration (rateright.com.au)
   - DigitalOcean VPS charges
   - Supabase subscription
   - Any software/tools purchased
   - Any contractor payments
3. **GST on expenses:**
   - Most SaaS subscriptions include GST
   - Need to calculate total GST paid

### Option B: Accountant Lodgement (Recommended if complex)
If Q2 had significant activity, provide:
1. Bank statements for Oct-Dec 2025
2. Stripe dashboard (if any test transactions)
3. Access to accounting software (if using one)

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## Expected BAS Position (Pre-Revenue)

| Field | Expected Value | Reasoning |
|-------|----------------|-----------|
| **G1: Total Sales** | $0 | No revenue yet |
| **G2: Exports** | $0 | No international sales |
| **G3: Other GST-Free** | $0 | No GST-free sales |
| **G4: Input Taxed** | $0 | No input-taxed sales |
| **G5: GST Payable** | $0 | No GST collected |
| **G6: Exports (IT)** | $0 | No exports |
| **G7: Adjustments** | $0 | No adjustments |
| **G8: Total GST Payable** | $0 | (G5 + G6 + G7) |
| **G9: GST Credits** | $50-200 | GST paid on expenses |
| **G10: Capital Purchases** | $0 | No major assets |
| **G11: Other Purchases** | $500-2000 | Expenses with GST |
| **G12: Total GST Credits** | $50-200 | (G9 + G10 + G11 GST component) |
| **Net Position** | **REFUND** | GST Credits > GST Payable |

**Expected Outcome:** Small GST refund (~$50-200) due to GST paid on business expenses with no GST collected on sales.

---

## Risk Assessment

| Risk | Likelihood | Impact | Mitigation |
|------|------------|--------|------------|
| **Missed deadline** | Medium | HIGH ($220-$1,100 penalty) | Need data by 25 Feb |
| **Incorrect lodgement** | Low | MEDIUM | Simple pre-revenue position |
| **Lost GST refund** | Low | LOW ($50-200) | Worth claiming but not critical |
| **ATO compliance flag** | Low | MEDIUM | Late lodgement attracts attention |

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## Recommended Approach

Given pre-revenue status, I recommend **Option A: Self-Preparation**

**Why:**
- Simple position (no revenue, minimal expenses)
- Saves accountant fees (~$200-400)
- Quick turnaround once we have data
- Good learning experience for future BAS

**Process:**
1. Michael provides expense list by 24 Feb
2. I calculate GST position by 25 Feb
3. Lodge via ATO Business Portal by 27 Feb
4. Buffer day (28 Feb) for any issues

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## What I've Done

- ✅ Confirmed GST registration status
- ✅ Researched BAS requirements for pre-revenue startup
- ✅ Escalated to Michael via fleet decision system
- ✅ Prepared this status document
- ✅ Created expected position template

## What's Blocked

- ❌ Cannot calculate without expense data
- ❌ Cannot lodge without GST component figures
- ❌ Cannot proceed without Michael input

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## Decision Required From Michael

**By:** 24 February 2026 (4 days)  
**Options:**
1. **"Here's my Q2 expense list"** → I'll prepare and lodge
2. **"My accountant will handle it"** → Please confirm accountant has been engaged
3. **"I need help finding the data"** → I'll walk you through where to look

**If no response by 24 Feb:** I'll escalate to Rivet as critical blocker.

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## Post-BAS Actions

After Q2 BAS lodged:
- Set up quarterly expense tracking system
- Automate GST calculation going forward
- Prepare Q3 BAS (Jan-Mar 2026) in advance
- Consider engaging bookkeeper for ongoing compliance

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*Status: AWAITING MICHAEL INPUT*  
*Last Updated: 2026-02-17*  
*Next Check: 24 Feb (if no response)*