The ATO (Australian Tax Office) is moving slowly from lodging BASs by form (they hate this) to online Portal (a little time consuming) to an automated lodgement from within the accounting software (as part of their Standard Business Reporting) processes.
The tax office have noted the attached link with software designers who have already created SBR tools within their software. They expect this list to grow quickly given the push by the ATO to use this form of lodgement.
Australian Taxation Office (ATO)
The following reporting obligations have been included in products that are SBR-enabled:
They key ones are things like:
- Business activity statement
- Fringe Benefits Tax Returns (FBT)
The only comment the ATO made was to ensure that we are considering this with the new software provider, as the long term is that the ATO will be pushing for more online automation over time, and this could be a substantial enhancement if we could get it implemented.