Access your income statement
You will receive either an income statement via myGov or a payment summary from your employer depending on how
The July 2017 monthly activity statement will be the first time businesses prepare and lodge using Simpler BAS reporting.
Small businesses with a GST turnover of less than $10 million can now use Simpler BAS and they only need to report:
- G1 Total Sales
- 1A GST on Sales
- 1B GST on Purchases
Simpler BAS is not available for businesses with a GST turnover of $10 million or more.
Source: https://www.ato.gov.au/Tax-professionals/Newsroom/Activity-statements/Lodging-using-Simpler-BAS/
