Simpler BAS is now the default GST reporting method for all small businesses with a GST turnover of less than $10 million.
The ATO 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?’
To find out how Simpler BAS can save you time contact us on (08) 9321 2642.