Join ABN
Or Call 1300 856 710

Latest News

All the latest news and events from the Bookkeeping Industry

Simpler BAS for Small Business

The Buzz is out!

For the many of you who handle client BAS, the ATO has announced that, following consultations (including with your Australian Bookkeepers Association), several GST labels will be removed from the BAS, with small businesses only required to report:

  • GST on sales (1A)
  • GST on purchases (1B)
  • Total sales (G1).

User testing starts from 1 July 2016 and stakeholders will be kept informed of the results. A simpler BAS will be the standard option for all small businesses from 1 July 2017.

See also Simpler BAS

11 May 2016
NEXT Bookies Bulletin Edition 2 2016
PREV Is That Contractor Really an Employee?
Back to news listing

Click here to subscribe