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…
Document Checklist Has the Accountant prepared your tax return since the last document collection? Copy of Tax Return Copy of Financial Statements Copy of invoice for your accounting fees Any other written advice your accountant may have provided Have you transferred any monies between you accounts (business to personal or personal to business) Bank receipts with…
A fantastic link for all of the business information you will need http://www.smallbusiness.wa.gov.au/small-business-centres/ http://www.business.gov.au/business-topics/starting-a-business/Pages/default.aspx
