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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:
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