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Simpler BAS offer for new small businesses

Eva Pettifor . 9 Feb 2017 . Comments
Simpler BAS offer for new small businesses

If you are a new small business, the ATO are keen for you to know that you can start using the simpler BAS ahead of the full implementation on 1 July.

To start reporting GST using the simpler BAS, you need to have:

  • Started your business and registered for GST on or after 19 January
  • An annual turnover of less than $2 million.

With the simpler BAS, you only need to report:

  • GST on sales
  • GST on purchases
  • Total sales

SEE THE COMPLETE ARTICLE BY INSIDE SMALL BUSINESS

Inside Small Business

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