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Standard Business Reporting (SBR) to be implemented July 2010

From 1 July 2010, you will be able to lodge compliance forms directly to the Australian Taxation Office through your financial, accounting or payroll software if it is SBR-enabled. Standard Business Reporting (SBR) is an initiative by the Australian Government to reduce the business-to-government reporting burden. The SBR was co-designed by government agencies and software developers, business, bookkeepers, tax agents and payroll professionals. The software offers a quicker and easier way for businesses to complete their government reporting requirements, freeing up valuable time for other business activities.

Posted on 4 June '10 by , under General News.

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