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September 2017

Simplified BAS

Did you know that from the 1st July new ATO rules applied for small businesses with a turnover under $10 million?

You will only need to report on Total Sales, GST on Sales and GST on Purchases

Here is the link to the ATO website:
https://www.ato.gov.au/Business/Business-activity-statements-(BAS)/Goods-and-services-tax-(GST)/Simpler-BAS/

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