ATO has simplified GST reporting for small business by reducing the amount of GST information required in business activity statements (BAS). From 1 July 2017, eligible small businesses will automatically transfer to Simpler BAS. With Simpler BAS, you only need to report the following GST information: G1 Total sales 1A GST on sales 1B GST on purchases 1H GST instalments (for your instalment clients).   There are no changes to reporting frequency or how other taxes are reported on the BAS For more information ato.gov.au/simplerBAS Contact us 13 72 86 Fast key code: 113 Don’t get scammed The ATO never … Continue reading Simpler BAS