BASiNET Version 2.0

Released June 2001.
There have been many changes to the BAS (Business Activity Statement) form.
Businesses will have a form that is somewhat simpler, with fewer questions to be answered.  The information asked will generally be tailored to your tax reporting requirements.
We have modified BASiNET, so that it only asks you for the information needed for your specific BAS form.  We have done this so that the concept of BASiNET remains.  You can put the information into BASiNET by either importing from Lewis CROSS-CHEQUE or our other programs, or by keying-in.
Consequently, the setting-up screen for Tax options is totally different.  This lets the data entry grid for your version of BASiNET only ask you for the information on which you need to report.
The Print-out appearance of the BAS form is quite different.  Also we have allowed for four different quarterly BAS forms.  We also have allowed for several new options for reporting GST and PAYG instalment.

Electronic reporting

The ATO had not released final specifications for the format, by the time we had to have the program ready.  We believe that less than 5% of BASiNET licensees were using this option.  Consequently, we have made the decision to discontinue electronic reporting.  If you have been doing this, you can still use BASiNET’s calculations and printout, and transmit your data electronically by keying-in on the ATO website.

Instalment Activity Statement (IAS).

This form is required by businesses that do not report for GST, but still have tax reporting obligations.
Lewis BASiNET now lets you record and print information, if you report quarterly, using an IAS.
BASiNET will let you choose from the three different quarterly IAS forms.
If you wish to order BASiNET to prepare and record the IAS for any of your entities, make sure you give us the TFN (Tax File Number) for that entity.

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