BGL disputes Class claim to be first to support Simple BAS

Class Ltd says it is the first SMSF software provider to deliver Simple BAS functionality, a claim that is disputed by BGL.

Class announced on 26 October that it was the first to include Simple BAS functionality in its software, Class Super and Class Portfolio.

Simple BAS is a government initiative intended to reduce the complexity of GST record-keeping and reporting. It was announced in the 2016 Budget, and started on 1 July 2017 – making 28 October the first due date for quarterly BASs since its introduction. Read more...