It is BAS statement time again for Australian business. This along with the end of financial year turn this into one of the most accounts orientated periods of the year. It seems like the Government has made a few changes to taxes that could have an impact on smaller business for the coming financial year.

• 2007 – 2008 The minimum amount earned before needing to register for GST has been raised to $75 000 from $50 000
• There seems to be a whole lot of new tax concessions for small Australian business which are earning less than $2 million
• A whole bunch of changes to superannuation