![]() 3 June 2017: Registered BAS and tax agents (with a valid e-mail address) received notification of the Simpler BAS changes and a breakdown of their clients that are moving to Simpler BAS reporting or continuing to report on Full or Instalment reporting.The ATO conducted a digital correspondence campaign to notify tax practitioners and small business of the Simpler BAS changes. Tax practitioner and small business transitional correspondence The following software and applications could potentially be impacted if they interface with accounting software:ĭevelopers should review the APIs for their accounting software to ensure that any changes to GST tax codes will not impact the transfer of data. User testing of accounting software has identified that some Application Programming Interfaces (APIs) for software developers and third party add-ons may be impacted by changes to GST tax codes. June 2017 Changes to Application Programming Interfaces (API’s) ![]() We will continue to engage with digital service providers to ensure accessibility and to maximise the take-up of the Simpler BAS digital bookkeeping solution. ![]() The whitelisting of the Account Role (ACCROLE) services will enable digital service providers to support targeted and automated update services for small businesses electing to use the Simpler BAS digital bookkeeping solution. You can also direct users to the Simpler BAS GST bookkeeping page for more help. Users will be referred to their digital service provider for more information. We will be communicating with your users about updated software settings, which may be available in their accounting software to make classifying GST easier. The GST Calculation worksheet and associated suite of GST software tax codes no longer need to be supported for small business.įor more information, see Simpler BAS consultation and engagement. This will deliver significant time and cost savings. Simpler BAS makes it easier and quicker for small businesses as it allows for easier classification of transactions, preparation and lodgment of the BAS. This reduces the average number of complex GST classifications from 8 or 9 down to a simple ‘GST’ or ‘No GST’. Digital bookkeeping solution – provides small business with the option to take up changes to their accounting software.Simpler BAS reporting – on 1 July 2017 the number of GST questions was reduced from 7 to 3.Simpler BAS is the default GST reporting method for small business. From 1 July 2017, small business only need to report: To address this, we worked closely with the software industry on the Simpler BAS project. Small businesses, tax professionals, digital service providers and industry representatives told us that GST reporting on the business activity statement (BAS) and the associated coding of GST transactions should be made easier. Using myGovID, RAM and machine credentials (M2M).Statement of formula rates and thresholds.Electronic reporting specifications summary.Modernisation of Trust Administration Systems (MTAS).Business transactions through payment systems report.Scope of the DSP Operational Security Framework.Online services for government partners.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |