Practitioner Lodgment Service Tax
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 tax software are now numbered as ATO replaces ELS gateway with Standard Business Reporting (SBR) from April 2017 and by the new term, Practitioner Lodgment Service (PLS).
To ensure tax agents have the smooth transition process to access to a reliable electronic lodgment service, GovReports Individual Tax Return users will have 2 lodgment gateways ELS & or SBR to choose from when submitting tax returns to the ATO on behalf of clients.
This approach will provide GovReports users the additional safety net during the tax lodgment season to lodge online on time and with minimum disruption to their workflow.
On both options of ELS and SBR, GovReports tax returns come with full schedules and worksheets. The difference if lodge via SBR comes with auto prefilling option and the processing time of tax returns when sending to ATO will be shorter and from ATO as the receiving party, processing of the tax return for refund will be faster than the alternate ELS option.
Upon successful lodgment of the tax return ie with a lodgment receipt, the tax agent can view the status of the tax return shortly after on their integrated account.
Earlier Individual Tax Returns will continue to be lodged via ELS gateway with the semi prefilling option and require ELS credentials to use the system. For all other tax returns and compliance report lodgments, the only default gateway is via SBR.
GovReports is now ready for Tax Time 2016 and Tax Return forms are currently available for you to prepare and save for later lodgment from July.