One ongoing task for BAS and tax agents is managing ATO lodgements. Without tools to track preparation, lodgement, client communication, and payment, the process can be inefficient or uneconomical.
One ongoing task for BAS and tax agents is managing ATO lodgements. Without tools to track preparation, lodgement, client communication, and payment, the process can be inefficient or uneconomical.
December can be quieter in the accounting industry, and it is a good time to review and test new systems to make running your accounting or bookkeeping business more efficient for the coming year.
If you’re a business owner using GovReports to manage your lodgements, you might find it handy to have a summary of the typical quarterly and annual Australian Taxation Office (ATO) reporting requirements for small businesses. What applies to your business depends on factors such as whether it’s registered for GST, whether you employ staff or contractors, and your business size and structure.
The PAYG Instalment system is designed to help taxpayers manage their tax payments more effectively. While the ATO prefills default amounts based on the previous tax return, we know there are many situations where the amount needs to be varied, either upwards or downwards.
The ATO client-agent linking process is here to stay, but we are still hoping for refinements to make it simpler, especially for clients who are new to the ATO systems and myGovID.