The Australian Taxation Office is calling on all small and medium-sized businesses to switch to its new online services business platform as the transition deadline approaches.
There is less than a week left before the ATO withdraws its company portal, which has been used by businesses to interact with the tax office for 17 years.
The ATO’s online services for businesses will officially take its place as the default medium for these interactions early next month, after going live in early April.
ATO Deputy Commissioner Andrew Watson said SmartCompany 70% of Australian companies have already taken the plunge; However, the ATO is “making a final push” in a number of areas to make sure companies know they need to move to the new platform in the coming days.
These sectors include building and construction, manufacturing, professional, scientific and technical services, and retail and trade.
In the past three months, more than 500,000 activity reports have been filed through the new platform, Watson said, with adoption particularly increasing in the past two weeks.
While the ATO says adoption has been relatively consistent across the board, the highest usage of the new platform has been among companies in financial and insurance services, leasing, leasing, and leasing. hiring and real estate services.
âCompared to the company portal, those who use online services for businesses benefit from improved navigation, greater functionality and a more contemporary service to manage their tax obligations and super obligations online. faster and more securely, âhe added.
Traders can use the new platform to manage their tax and super obligations, view and print tax returns and income tax histories, and create payment plans with the ATO.
The platform can also be used to view Single Touch payroll reports, register for GST and pay-as-you-go deductions, and access the Small Business Superannuation Clearinghouse. It also replaces the old electronic pension verification tool, eSAT.
Business operators can access the platform on multiple devices and switch between their different businesses as needed without having to log in multiple times.
Watson says the ATO is also striving to âcontinually improve the end-to-end digital experienceâ for businesses using the platform.
âThe sooner companies make the switch, the more time they have to familiarize themselves with the new service and benefit from the improved functionality,â he said.