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.
Reporting for businesses is a mandatory compliance requirement subjected by the laws of state and territories. However it is also one of the least liked or understood process of running and executing a modern business. More often than not there are numerous reports that need to be filed monthly, quarterly, bi-annually and yearly. For some tax practitioners and businesses entire sections of businesses are employed to keep track of these requirements.
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.
Sydney, Australia – 11th March 2012 – Impact Management Group, the leading provider of Standard Business Reporting (SBR) solutions announced the release of FBT (Fringe Benefits Tax) form for their cloud SBR lodgement product – GovReports.
Accounting and finance are one of the most highly regulated industries in Australia. Within these professions, the burden of compliance and reporting often fall into hands of bookkeepers, accountants, auditors and tax agents who are already overworked.