Simpler BAS for small organisations

If you are a new small business, you can start using the simpler BAS ahead of the full implementation date of 1 July 2017.

To start reporting GST using the simpler BAS, you need to have:

  • Started your business and registered for GST on or after 19 January 2017
  • An annual turnover of less than $2 million.

With the simpler BAS, you only need to report:

  • GST on sales
  • GST on purchases
  • Total sales

Visit Simpler BAS at the ATO to see how this works.

$(document).ready(function() { $('#next1').click(function() { var orgname= $('#orgname').val(); var putorgname= $('.org_name').html(orgname); $('.org_name1').val(orgname); }); }); (function($) { $(function() { $(document).ready(function(){ //Client-supplied mystery meat constants var r2eRatioMin = 8; var r2eRatioMax = 22; var wcRatioMin = 0.2; var wcRatioMax = 3.2; var crRatioMin = 2; var crRatioMax = 12; var prRatioMin = 0; var prRatioMax = 10; var currentstep = '#step1'; $('#step2,#step3,#step4').hide(); $('.calcnav .next').addClass('disabled'); function safeVal(value) { value = value.replace('$',''); value = value.replace(/,/g,''); value = value.replace(' ',''); return value; } /**********************************************/ //NAV //When we click a nav link, show the div referenced by the href, which will be something like #step2 $('.calcnav a').click(function(e){ //Don't navigate if required fields are missing or the link is disabled if($(this).hasClass('disabled')){ return false; } if($(this).hasClass('.next') && !checkReq(currentstep)) { return false; } e.preventDefault(); var selector = $(this).attr('href'); if($(selector).length) { //we have a div to show //Fade out, then fade in the new div $.when($('.calcsection').fadeOut(500)).done(function() { $(selector).fadeIn(); currentstep = selector; if(currentstep == '#step4') { step4calc(); } }); } }); //.calcnav a.click() /************************************************/ function step1calc() { var v21 = parseInt( safeVal($('input[name="orgname"]').val()) ); var v1 = parseInt( safeVal($('input[name="bankaccounts"]').val()) ); var v2 = parseInt( safeVal($('input[name="currentassets"]').val()) ); var v3 = parseInt( safeVal($('input[name="fixedassets"]').val()) ); if(isNaN(v1) || isNaN(v2) || isNaN(v3)) { $('input[name="totalassets"]').val(''); $('#step1 .calcnav a.next').addClass('disabled'); return false; } $('#step1 .calcnav a.next').removeClass('disabled'); $('input[name="totalassets"]').val(v1 + v2 + v3); } //Add listeners for step 1 $('#step1 input').change(function(){ step1calc(); }); $('#step1 input').keyup(function(){ step1calc(); }); /**********************************************/ function step2calc() { var l1 = parseInt( safeVal($('input[name="creditors"]').val()) ); var l2 = parseInt( safeVal($('input[name="staffentitlements"]').val()) ); var l3 = parseInt( safeVal($('input[name="grants"]').val()) ); var l4 = parseInt( safeVal($('input[name="currentliabilities"]').val()) ); var l5 = parseInt( safeVal($('input[name="noncurrentliabilities"]').val()) ); if(isNaN(l1) || isNaN(l2) || isNaN(l3) || isNaN(l4) || isNaN(l5)) { $('input[name="totalliabilities"]').val(''); $('#step2 .calcnav a.next').addClass('disabled'); return false; } $('#step2 .calcnav a.next').removeClass('disabled'); $('input[name="totalliabilities"]').val(l1 + l2 + l3 + l4 + l5); var reserves = parseInt( safeVal($('input[name="totalassets"]').val()) ) - parseInt( safeVal($('input[name="totalliabilities"]').val()) ); $('input[name="reserves"]').val(reserves); } //Add listeners for step 2 $('#step2 input').change(function(){ step2calc(); }); $('#step2 input').keyup(function(){ step2calc(); }); /**********************************************/ function step3calc() { var a1 = parseInt( safeVal($('input[name="annualincome"]').val()) ); var a2 = parseInt( safeVal($('input[name="annualspend"]').val()) ); var a3 = parseInt( safeVal($('input[name="staffcosts"]').val()) ); if(isNaN(a1) || isNaN(a2) || isNaN(a3) ) { $('input[name="net"]').val(''); $('#step3 .calcnav a.next').addClass('disabled'); return false; } var net = a1 - a2 ;// - parseInt(a3) //total income - total costs $('#step3 .calcnav a.next').removeClass('disabled'); $('input[name="net"]').val(net); } //Add listeners for step 3 $('#step3 input').change(function(){ step3calc(); }); $('#step3 input').keyup(function(){ step3calc(); }); /**********************************************/ function step4calc() { var currentAssets = parseInt( safeVal($('input[name="bankaccounts"]').val()) ) + parseInt( safeVal($('input[name="currentassets"]').val()) ); var totalAssets = currentAssets + parseInt( safeVal($('input[name="fixedassets"]').val()) ); var currentLiabilities = parseInt( safeVal($('input[name="creditors"]').val()) ) + parseInt( safeVal($('input[name="staffentitlements"]').val()) ) + parseInt( safeVal($('input[name="grants"]').val()) ) + parseInt( safeVal($('input[name="currentliabilities"]').val()) ); var totalLiabilities = currentLiabilities + parseInt( safeVal($('input[name="noncurrentliabilities"]').val()) ); var reserves = totalAssets - totalLiabilities; var netSurplus = parseInt( safeVal($('input[name="annualincome"]').val()) ) - parseInt( safeVal($('input[name="annualspend"]').val()) ); //1 var ratio1 = parseInt( safeVal($('input[name="reserves"]').val()) ) / parseInt( safeVal($('input[name="annualspend"]').val()) ) * 100; var score1 = Math.round((((ratio1 - r2eRatioMin)/(r2eRatioMax-r2eRatioMin))*9+1)*10)/10; if(score1 < 0){ score1 = 0;} if(score1 > 10) { score1 = 10;} $('#score1').text(score1); $('#score1a').val(score1); $('#ratio1').text(ratio1.toFixed(1) + '%'); $('#ratio1a').val(ratio1.toFixed(1) + '%'); var status1 = '';var status1a = ''; if(ratio1 < 15) { status1 = 'bad';status1a = 'red'; } else if(ratio1 >= 15 && ratio1 < 18) { status1 = 'average';status1a = 'yellow'; } else if(ratio1 >= 18) { status1 = 'good'; status1a = 'green'; } $('#status1').addClass(status1); $('#status1a').val(status1a); //2 var ratio2 = 0; if(currentLiabilities <= 0){ ratio2 = 0; } else { ratio2 = currentAssets / currentLiabilities; } $('#ratio2').text(ratio2.toFixed(1)); $('#ratio2a').val(ratio2.toFixed(1)); var score2 = Math.round((((ratio2-wcRatioMin)/(wcRatioMax-wcRatioMin))*9+1)*10)/10; if(score2 < 0){ score2 = 0; } if(score2 > 10) { score2 = 10; } $('#score2').text(score2); $('#score2a').val(score2); var status2 = '';var status2a = ''; if(ratio2 < 1){ status2 = 'bad'; status2a = 'red'; } else if(ratio2 >= 1 && ratio2 < 2) { status2 = 'average'; status2a = 'yellow'; } else if(ratio2 >= 2) { status2 = 'good';status2a = 'green'; } $('#status2').addClass(status2); $('#status2a').val(status2a); //3 var totalExpenditure = parseInt( safeVal($('input[name="annualspend"]').val()) ); var weeklyExpenditure = totalExpenditure / 52; var ratio3 = 0; var bankAccounts = parseInt( safeVal($('input[name="bankaccounts"]').val()) ); var grants = parseInt( safeVal($('input[name="grants"]').val()) ); if (totalExpenditure == 0) { ratio3 = 0; } else { ratio3 = (bankAccounts - grants) / weeklyExpenditure; } $('#ratio3').text(ratio3.toFixed(1)); $('#ratio3a').val(ratio3.toFixed(1)); var score3 = Math.round((((ratio3-crRatioMin)/(crRatioMax-crRatioMin))*9+1)*10)/10; if(score3 < 0) { score3 = 0; } if(score3 > 10) { score3 = 10; } $('#score3').text(score3); $('#score3a').val(score3); var status3 = ''; var status3a = ''; if(score3 < 7) { status3 = 'bad'; status3a = 'red'; } else if(score3 >= 7 && score3 < 10) { status3 = 'average';status3a = 'yellow'; } else if(score3 >= 10) { status3 = 'good';status3a = 'green'; } $('#status3').addClass(status3); $('#status3a').val(status3a); //4 var profitmargin = 0; var totalincome = parseInt( safeVal($('input[name="annualincome"]').val()) ); if(totalincome > 0){ profitmargin = (totalincome - totalExpenditure) / totalincome * 100; } var ratio4 = profitmargin; $('#ratio4').text(ratio4.toFixed(1) + '%'); $('#ratio4a').val(ratio4.toFixed(1) + '%'); var score4 = Math.round((((profitmargin-prRatioMin)/(prRatioMax-prRatioMin))*10)*10)/10; if(score4 < 0) { score4 = 0; } if(score4 > 10) { score4 = 10; } $('#score4').text(score4); $('#score4a').val(score4); var status4a = ''; if(score4 < 1) { status4 = 'bad';status4a = 'red'; } else if(score4 >= 1 && score4 < 6) { status4 = 'average'; status4a = 'yellow'; } else if(score4 >= 6 ) { status4 = 'good';status4a = 'green'; } $('#status4').addClass(status4); $('#status4a').val(status4a); //5 var ratio5 = 0; var staffcosts = parseInt( safeVal($('input[name="staffcosts"]').val()) ); if(totalincome == 0) { ratio5 = 0; } else { ratio5 = staffcosts / totalincome; } $('#ratio5').text((ratio5 * 100).toFixed(1) + '%'); $('#ratio5a').val((ratio5 * 100).toFixed(1) + '%'); var score5 = 0; score5 = Math.round(((1-ratio5)*10+3)*10)/10; if(score5 < 0) { score5 = 0; } if(score5 > 10) { score5 = 10; } $('#score5').text(score5); $('#score5a').val(score5); ratio5 = ratio5 * 100; var status5 = '';var status5a = ''; if(ratio5 < 60) { status5 = 'bad'; status5a = 'red'; } else if (ratio5 >= 60 && ratio5 < 80) { status5 = 'average';status5a = 'yellow'; } else if(ratio5 >= 80) { status5 = 'good';status5a = 'green'; } $('#status5').addClass(status5); $('#status5a').val(status5a); //total var totalscore = parseFloat($('#score1').text()) + parseFloat($('#score2').text()) + parseFloat($('#score3').text()) + parseFloat($('#score4').text()) + parseFloat($('#score5').text()); $('#totalscore').text(totalscore); selector12(); return false; } function selector12() { $("#button").trigger('click'); //$("#button").click(); return false; } /**********************************************/ function checkReq(selector) { var proceed = true; $.each($(selector + ' input.required'),function() { if( $(this).val() == '' ) { proceed = false; } }); if(proceed == true) { return true; } else { return false; } } /***********************************************/ $('.helpicon').mouseover(function(e){ $(this).siblings('.helpcontent').css('top',e.pageY - 10); $(this).siblings('.helpcontent').css('left',e.pageX + 10); $(this).siblings('.helpcontent').show(); }); $('.helpicon').mouseout(function(){ $(this).siblings('.helpcontent').hide(); }); }); }); })(jQuery);