Simpler BAS on the way

Simpler BAS on the way

From 1 July 2017, the ATO is reducing the amount of information needed for the business activity statement (BAS).

Small businesses with a GST turnover of less than $10 million will use Simpler BAS as the default reporting method. These businesses will only need to report total sales, GST on sales and GST on purchases.

Simpler BAS will reduce time spent on form-filling and making changes that do not impact the final GST amount.

The ATO will automatically transition eligible small business’ GST reporting methods to Simpler BAS from 1 July 2017. Small businesses can choose whether to change their GST bookkeeping software settings to reduce the number of GST tax classification codes.

New small businesses that registered for GST after 19 January 2017 can start using Simpler BAS reporting straight away.


If you believe the matters discussed above are relevant to your business, please contact Darren Smith of our office to discuss further.

Darren is a Chartered Accountant with extensive experience, including working in the big 4 and medium sized firms before becoming a partner of a city based firm in 2000.

He has gained much experience and has extensive knowledge in providing business and taxation advice, superannuation planning, negotiation of sales and acquisitions of businesses and property development. His client base covers a wide range of industry groups.

Darren works with business owners to grow their businesses and create personal wealth within and outside of their business.

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