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
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.
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
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.