The ATO is continuing to cut back on sending out paper activity statements in a bid to move everyone from paper to electronic. The following summarises the options available to be able to self-manage your activity statements
1. ATO Business Portal
You will need to register for an AUSkey via https://abr.gov.au/AUSkey/Registering-for-AUSkey/ and follow the steps to install.
Once you have an AUSkey the business portal can be used to view and lodge your activity statements, as well as manage your details and dealings with the ATO, when setting up be sure to provide an email address to be notified when a new activity statement is available.
If you would like assistance setting up your preferred method of electronically managing your activity statements, or if you would like us to manage them for you, please give us a call to discuss.
2. Standard Business Reporting (SBR) Software
SBR integrates with the business portal and your AUSkey to make interactions with the ATO more user friendly. There are a number of different SBR software packages developed to make electronic communications more streamlined, with the ability to integrate with business accounting software packages.
The Government push towards SBR software means that there is now a large number of options to make lodging activity statements, reporting on payroll tax, PAYG annual summaries, TFN- declarations and ASIC forms easy and seamless for businesses.
The MyGov portal can be linked to the ATO to manage activity statements. The MyGov portal is your one stop shop for all interaction with Australian Government agencies from Medicare, Centrelink, Human Services, Child Support and now you can also link to the ATO.
You will need to 'add a service' and enter your TFN and your ABN to link it to the ATO. You can also change your settings to be notified by SMS or email when you have a new message or a new activity statement.
4.Management via your registered Tax Agent
Pursuit Advisers will receive your activity statement notifications and we will communicate with you to ensure all statements are lodged on time. Having a Tax Agent manage your activity statements provides ABN holders with less stress at lodgement time as well as the option of extended lodgement dates.