Lodging PAYG Annual Summary Annual Reports online via SBR
Posted on 19 May 2012
Advantages of cloud presence reflected in the payment summary processing by Australian
Taxation Office [ATO]
during 2011 tax season. For the first time in the history of ATO, the cloud
technology played a major role in handling the very sensitive tax information of businesses and
Traditionally, the employers, BAS/Tax Agents reported the payment summary annual report
using bundle of paper payment summary forms, burning CDs/DVDs and few of them through
Electronic Commerce Interface [ECI]
. Tons of papers to print paper forms, tremendous time
consumed to fill-in the payment summaries, hundreds of thousands of CDs, DVDs and business
restricted ECI system are the major disadvantages apart from the following:
- Data entry at ATO side, leave alone all other administrative work
- Possible corruption of data contained in the CDs/DVDs, prompts returns to square one
position to redo ONCE MORE
- Non availability of pre-fill information between the first day of tax return preparation
and payment summary annual report lodgment due date
- BAS/Tax Agents and intermediaries cannot lodge their client's annual report legitimately
'Tax season starts effectively from July but the pre-fill information can be expected at a later
date overcoming all administrative hurdles at ATO, including due date for lodgment on Aug 14
makes a black hole in the system' - says Tiana Tran
, 'Embracing cloud technology
reduces the administrative difficulties dramatically and narrows the gap between the tax
season and the due date of the annual report lodgement'.
is the cloud based product designed to simplify business to government reporting
to make it available easily online. Its capability is enhanced with two unique features:
- Intermediary/Tax Practitioner Lodgment - GovReports tax practitioner are able to use
and report on behalf of their clients.
- Bulk & Queued Lodgements - With GovReports users are able to queue up and lodge
reports in bulk and the system automatically processes this information. Very useful for
during peak lodgment period.
"I just signed up and love what you are doing. The modern cloud accounting practice just found the last piece in the puzzle." - Paul Meissner, Tax Agent the first time user of cloud lodgement.
Nearly 100% of 2011 PAYG Annual Summary Annual Report was lodged via the SBR channel
(SBR Feb 2012 statistics). With the simple features for processing PAYG
Payment Summary lodgements, and enabling tax practitioners to lodge on behalf of clients
using AUSkey, an expectation of more users to use the system this year lodgment season as
more awareness has been raised.
Acknowledging the benefits and objectives of SBR, Institute of Certified Bookkeepers (ICB)
supports SBR and system such as GovReports
. Matthew Addison, Executive Director of ICB
"GovReports is a simple efficient system, saving businesses and professionals
significant time and effort.
Payment summaries lodged and ATO acknowledged in 10% of the
For small businesses that do not use accounting software to generate PAYG Annual Summary
Annual Reports in the form of EMDUPE file, GovReports
provides facility to simply fill out the
form to print out PAYG Annual summary and lodge direct to ATO online.
For more information regarding GovReports
, please contact Tiana Tran on 02 8677 9669
or visit http://www.govreports.com.au