We’re pleased to announce that Simpler BAS is now ready for our partners to use in Xero. The all-new BAS experience will help Australian businesses use the ATO’s new Simpler BAS reporting method. Get familiar with the set up in Xero now so you’re in the box seat, ready to help your clients through the changes. The release to small businesses is planned for early September.
When you next log in to your client’s organisation, you’ll have two options: Simpler BAS or full BAS. Most of your clients who fall below the $10m GST turnover threshold are likely to use Simpler BAS unless they pay by instalments. Those businesses above the threshold will continue using the original full BAS.
To choose Simpler BAS in Xero:
- From the Reports menu, select All Reports.
- Under Tax, click Activity Statement.
- Under Activity Statement Reporting Method, select Simpler BASand click Save & Continue.
- Review your settings.
Information provided by the Xero Team.
Click here to watch a short video for more information.
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