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 part of our new service package implemented late last year, digital signature is now becoming part of your work flow and reporting process. To improve the user experience, our development team has just released the new Signed Reports widget for you to add onto your dashboard.
This new widget lists out all the signed reports that you received and approved with signature by your clients. There are 2 categories of signed reports available including those reports in Saved Status and those that had already been submitted or lodged.
ATO Services:
ATO Services provides the ability to view ATO accounts and its related transactions. It also provides an option to maintain relationships and client demographic information. The Agents can make use of the following services:
For Tax and BAS agents, clients must be added to the ATO portal to prepare and lodge reports via SBR enabled software like GovReports. This is a cumbersome process if a new client comes along and there is need to lodge a tax return or simply a IAS/BAS only then to get an error message that you are not authorised to lodge for the reporting entity because the client is not registered under your agent number from the portal or that they were previously on your portal but has since been removed.
ATO Electronic Lodgment Service (ELS) has for a long time been the lodgment gateway for tax professionals to submit compliance and regulatory reports to the tax office on behalf of clients via software providers. The days of using ELS software are now numbered as ATO replaces ELS with Standard Business Reporting (SBR) from April 2017 and by the new term, Practitioner Lodgment Service (PLS).