Yes folks, you've read that correctly, the ATO is simplifying the GST reporting system to reduce the complexity in applying the GST law. From July 1 2017, when conducting business and recording transactions:
Xero is currently developing a whole new BAS experience to support Simpler BAS and rest assured will have it ready for the first Simpler BAS. If you're not sure what this means for your business please make contact and I'll be happy to assist.
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