The ATO has announced that a new function is now available in the BAS, Tax and Business Portals: File Transfer. This is a major improvement to the portals’ functionality and will be welcomed by Tax and BAS Agents across Australia.
From 1 January 2013, the Paid Parental Leave Scheme will be expanded to include the new “Dad & Partner Pay”. Under this new scheme, eligible working fathers and partners can get up to 2 weeks of Dad and Partner Pay to take time off work to care for a newborn or newly adopted child. This applies to both heterosexual and same-sex couples.
On 26th October 2012, I attended the first BAS Agents’ Update Webinar via the ATO. Several topics were covered. I will list the topics here and provide some of the specific information presented about each one.
The ATO has released dates for a special webinar for BAS Agents. This webinar program runs from Monday, 22 October to Wednesday, 31 October 2012. You need to book now so you don’t miss out!
If you are a registered BAS Agent or Tax Agent, you are obliged to advise both the ATO and the Tax Practitioners Board (TPB) of any change of your contact details.
Recently the BAS Agent Portal received an upgrade. So what’s changed and what’s new?
The other day I was getting ready to process payment summaries for a client and came across an annoying problem – one of the employees had supplied an invalid Tax File Number (TFN)! I was trying to create electronic summaries but the program I was using wouldn’t let me proceed until I had the correct TFN.
Recently I attended one of the free webinars presented by the ATO about the new Taxable Payments Reporting system that has begun as of today, July 1st 2012. I found it to be very informative and easy to follow. I highly recommend anyone who needs to know more about the new system, attend one of these webinars. Here’s hoping the ATO will produce many more webinars across a whole range of topics in the months to come – much easier attending a presentation from the comfort of your own office!
As of 12/05/09, businesses will not be able to claim input tax credits for purchases more than four years old!
The ATO has developed new software called an “AUSkey” that will replace the digital certificates to which we have become accustomed in recent years. Digital certificates are electronic security data that enables users to access online portals in which pertinent information about tax payers’ details are retained. Very soon, these certificates will be rendered unusable and everyone will be required to have an AUSkey.