We have introduced many of you to the concept of the Standard Business Reporting initiative being run by Treasury.

It is a program to facilitate easier compliance by our clients with the various government departments (ATO, ABS, SRO etc)

For further information, refer to the following three documents released to ICB by Treasury:

A day in the life - A peek at what life may be like with the Standard Business Reporting is implemented

 

Media Release - Council of Australian Governments (Commonwealth, State and Territory governments) agree to a new way forward to reduce red tape.

 

Media Release - First steps taken to deliver stand business reporting program 

In short, it is a program where the end result is for our client sot be able to submit the various government forms through the use of their accounting/management software through a government “portal” direct to the relevant government department. 

More efficient lodgement of information!

Click here to access the SBR website

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