The end of the financial year is here already! It seems that so little time has passed since we welcomed in 2023. As we approach EOFY, we invite you to reflect on the last year. So much has happened in the previous year that we are still catching up with – more clients are expecting remote and fast turnaround services, cashflow planning continues to rise, the growing importance of sustainability reporting and the explosion of artificial intelligence tools such as ChatGPT.
AS your workload starts to increase over the next few weeks you can rely on the new GovReports lodgment portal to help you meet deadlines and delight clients.
When you first logon to the new portal you are given a ‘Birds View’ of your lodgments so that you know what you’ve lodged and what’s to be lodged, giving you better control over your workflow.
know what you’ve lodged and what’s to be lodged, giving you better control over your workflow.
With the Federal Budget just around the corner, the Government’s annual budget is once again under scrutiny. What will be cut? Where can the Government makes its savings? What worthwhile projects should taxpayers money be spent on? Where can waste be identified?
One of the effects of the slimming down of the Australian Tax Office in the recent Federal Budget announcement, will be the need for the ATO to move its functionality online.
And the ATO is preparing for this switch. From April 2014, those who lodge PAYG Withholding Annual Reports, TFN Declarations, Annual Investment Income Reports, Quarterly TFN Reports and Taxable Payment Annual Reports will be getting messages from the ATO pushing them to embrace this online direction.
New financial year 2013 is here. It’s time to get payment summary and extra money from tax returns. Accounting professionals are engaged in the End of Financial Year 2012 activities and to distribute payment summaries. The payment summary annual report should be lodged to ATO.