We are very pleased to announce the release of our new feature, the Activity Statement Summary.

This report provides a summary of all activity statement lodgements with the ATO for each financial year since 2001, the start of GST reporting.

This is particularly useful where a new client may have had statements lodged by a variety of methods – via GovReports, by their own business portal, by another registered agent or directly from SBR enabled software. You can now see all lodgements from within GovReports, regardless of who lodged and how the statements were originally lodged.

Jobkeeper Payments

The JobKeeper Extension Payment functions have been released into GovReports products. There are several changes to the scheme that employers need to be aware of, including changed eligibility tests.

JobKeeper eligibility relies on correct Single Touch Payroll (STP) data. What if information reported via STP is incorrect?

As Single Touch Payroll data (for most employers) is submitted via Standard Business Reporting (SBR) enabled software such as GovReports, or directly from STP enabled payroll software, errors must first be corrected either within the payroll or SBR software and then lodged again with the ATO.

The taxable payments annual report (TPAR) reports information to the ATO about payments made to contractors for services within certain industries.

If you have been reporting Single Touch Payroll (STP) to the ATO this financial year, you will need to make a finalisation declaration. This takes the place of employee payment summaries, which you no longer need to issue for payments reported through STP.