STP is not only an ATO compliance obligation; it’s a great opportunity for bookkeepers to take a proactive approach in advising their clients based on their current finances.
By seeing clients’ real-time data, bookkeepers can showcase their advisory skills by offering insights, and more proactive and timely advice. Rather than providing advice based on out-of-date data, bookkeepers have the potential to play a more proactive advisory role to help their clients run their business. There is a great article from Intuit Australia which you can read online, or download as a pdf.
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