GovReports Launch Press Release

Posted on 06 June 2011

SBR lodgment solution for MYOB and Reckon users) Impact Management Group has launched GovReports, their latest Standard Business Reporting (SBR)-Enabled product, after releasing Australia's first and only SBR integrated online accounting software, Interactive Accounts Manager (IAM) last year. GovReports is cloud-based and will initially be available with Tax File Number Declaration, Activity Statements [IAS/BAS] and PAYG Annual Summary Annual Report lodgement.

"Anyone with an AUSKey can immediately register for free and start lodging their TFN, BAS or PAYG Annual report. It's online, simple and available wherever you are. There is absolutely nothing to install and it is as easy and secure as using your internet banking or online shopping. Think of it as a one stop shop for all government forms in a single site. " Says Tiana Tran from Impact Management Group.

"There is no need to change your existing accounting software. GovReports can be used together with any accounting software that produces a BAS report. This saves business owners a lot of cost in obtaining SBR-enabled accounting software on top of their existing accounting solution. Added to this is the benefit of GovReport's zero installation. Let's face it, nobody wants to sit and install another piece of software just do the lodgement. With GovReports, you register and start lodging immediately."

GovReports also provides Tax Agents and Advisers their single portal for lodging on behalf of their clients. Using BAS/Tax agent AUSKey, they can manage, queue and lodge on from a single location. Tiana Tran added "We pioneered Intermediary Lodgment on SBR, and now we have made it better. This is a huge time saver for advisers".

"By providing reminders for lodgment and an efficient lodge-from-anywhere facility, we are actually helping advisers to ensure their clients don't get caught in late lodgements and thereby avoiding heavy fines from ATO. In addition, our queuing facility works even when ATO services are down, as advisers don't have to sit and wait for their BAS to go through. GovReports is notch above any existing lodgment software."

GovReports is designed to bridge the existing gap in accessing SBR forms by registered AUSKey holders. Forms to be released in the near future are OSR Payroll Tax for all states and territories, ASIC as well as Company Tax Return.

Impact Management Group is happy to release GovReports with all features and services available to be used for lodgment free without limitations by businesses and accountants till December 31st 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.