Cloud SBR solutions vendor Impact Management Group has released the PAYG Annual Summary online forms in time for the 2011 tax season through their product - GovReports

Posted on 17 June 2011

Cloud SBR solutions vendor Impact Management Group has released the PAYG Annual Summary online forms in time for the 2011 tax season through their product - GovReports. GovReports which was released earlier in the month is already available with Tax File Number Declaration and Business / Instalment Activity Statement forms.

"One of the objective of the Australian Government's Standard Business Reporting (SBR) program is to reduce paper work and reduce the painstaking tasks that are currently required to comply to the obligation reporting regime. GovReports is the right tool at the perfect time. " says Tiana Tran, Marketing Director.

"Any employer, business or payroll company can relate to the pain of reporting for PAYG Annual Summaries that are required to be lodged within 6 weeks starting from 1st July. The usual process involves not only consolidating all the pay information, there needs to be a data file created, burnt in a CD/DVD and sent to the ATO through traditional means. The latter is a painstaking and error prone as the mails can get lost, mismatches happen along with many other problems that can make you non-compliant."

"With GovReports, you just sign in, upload your EMPDUPE file into our system and lodge it. Within seconds it goes off to the ATO and you get a receipt saying your lodgment is successful. It's that easy! What used to take days or weeks is now completed in minutes! As an added benefit, volume lodgers can prepare lodgements and queue them using our bulk lodgment feature. The forms are automatically pre-validated and can be lodged whenever you are ready."

Tiana adds "GovReports uptake has been really promising showing there is a need for electronic lodgements to the government outside the traditional solutions provided by ATO. SBR is the future for reporting and compliance in Australia. The fact that solutions like GovReports benefits by providing access to multiple agencies from a single, secure location is a huge reason for people tired of searching for forms all over the Internet or trying to install legacy systems such as ECI."

GovReports

is available for free registration and usage until 31st December 2011. The gateway to lodge the 2011 PAYG Annual Summaries will be open from 1st July 2011. For more information regarding GovReports, please contact Tiana Tran on 02 8677 9669 or visit the website at http://www.govreports.com.au

GovReports is dedicated to provide government reporting lodgment solutions for businesses and or accounting professionals. As the only vendor today offering Standard Business Reporting (SBR) using cloud technology, delivering a reliable, faster and cheaper way of reports lodgement.