Simpler Business Activity Statement (BAS) for small businesses from 1 July 2017

A simpler BAS will become the default GST reporting method for all small businesses from 1 July 2017. This measure was originally announced in the 2016/17 Federal Budget and is designed to reduce GST compliance costs for small businesses.

Under the new reporting requirements:

  • the BAS will only need to report the following information:
    • GST on sales (1A)
    • GST on purchases (1B), and
    • Total sales (G1)
  • transactions will only need to be classified with a simple “yes” or “no” for GST
  • the BAS will no longer need to report the following information:
    • Export sales (G2)
    • Other GST-free sales (G3)
    • Capital purchases (G10), and
    • Non-capital purchases (G11), and
  • the GST calculation worksheet and associated suite of GST software tax codes will no longer need to be supported

If you have any questions or enquires, please contact:

Norman Ruan
T: 02 9984 7774

Martin van der Saag
T: 02 9984 7774


Streamlined accounting for business growth

North Advisory supports business owners in establishing, growing and optimising their companies through streamlined accounting processes, intelligently integrated tech and expert financial collaborations.

Company Set-Up

Start a company from the ground up, with all the must-haves and none of the hassle.


$865 excl. GST

  • A compliant, full trading company set-up from start to finish
  • Management of ABN, business TFN and/or ACN
  • Complete ASIC registration, set-up and management
  • Registration for all relevant taxes like GST and PAYG
  • Expert financial and accounting guidance for company set-up
  • Qualified finance professionals as your ATO and ASIC Agent
  • A comprehensive information package to run your company like a pro

Business Accounting

Access comprehensive accounting services to save time and optimise financial performance.


$300 per month

  • Compilation of Annual Financial Statements
  • Acting as ASIC/ATO agents on your behalf
  • Preparing/lodging business income tax returns
  • Preparing Annual Dividend/Distribution Statement
  • Preparing/lodging quarterly BAS
  • Yearend income tax distribution and optimisation planning
  • Yearend review and adjustment of accounting software
  • Secure online document storage facility
  • In-person, online or over-the-phone meetings
  • Accounting guidance and holistic advisory support

Additional Services

Add extra value where it suits you, from personal wealth management to enterprise accounting solutions.



  • Bookkeeping services
  • SMSF set-up and management
  • Business accounting software set-up
  • Xero accounting software training
  • Discretionary trust set-up
  • Non-trading discretionary investment trust
  • Individual tax returns
  • Personal wealth management
  • Investment and investment property schedules

Driven by our values

Effortless and Seamless

On-Boarding Process

Intuitive and Knowledgeable

Direct Expert

Useful and Articulate



Compliance Solutions


Integrated and Automated