* ACT - ATO simplifies BAS record keeping for small businesses
--- The ATO is making Goods and Services Tax (GST) record-keeping simpler for small businesses by removing several GST labels from the Business Activity Statement (BAS)... This will provide small business owners with significant time and cost savings by simplifying account set up, ongoing book-keeping and BAS preparation and lodgement... From 1 July 2017, small businesses with a turnover of less than $10 million will only be required to report GST on sales, GST on purchases and total sales... Information will no longer be required on labels (G2) export sales, (G3) GST free sales, (G10) capital purchases and (G11) non-capital purchases, making record-keeping much simpler... The simpler BAS will be available to all small businesses from 1 July 2017...
Canberra, ACT, Australia - ATA Friday Facts - 20 May 2916Labels: trucking industry news Australia
![[Valid Atom 1.0]](valid-atom.png "Validate my Atom 1.0 feed")
0 Comments:
Post a Comment
<< Home