18 October 2018Simpler BAS is now the default GST reporting method for all small businesses with a GST turnover of less than $10 million.
We have also been working with digital service providers of accounting software to make classifying GST easier.
New accounting software settings have been developed which will save you time and make it easier for you to capture and classify your invoices. Choosing the right GST tax code when entering an invoice is now closer to a simple question of, ‘Does the sale or purchase have GST or not?’
What do you need to do?
To find out how Simpler BAS can save you time contact the digital service provider responsible for your accounting software or talk to your registered tax or BAS agent or bookkeeper.
If your bookkeeping is manual and your business is growing, you may want to check out the latest time saving digital accounting and BAS online lodgement solutions.
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