Standard Business Reporting now available
Thursday 01 July 2010Standard Business Reporting (SBR) is now open for business, offering Australian businesses, accountants, bookkeepers, tax agents and payroll professionals a quicker and simpler way to complete and lodge reports for government.
The main function of the SBR program is to standardise the current approach to business reporting and its associated language. The SBR program was developed in partnership with Federal, state and territory government agencies, software developers, local businesses, bookkeepers, tax agents and other business intermediaries.
SBR will simplify the business to government reporting by:
- removing unnecessary or duplicated information from current government forms
- using business software to automatically pre-fill forms with relevant information
- providing an electronic interface to report to agencies directly from accounting software
- providing a single secure online sign-on AUSkey for users.
To ensure your business can take advantage of SBR, talk to your accountant, tax agent or financial and accounting software provider to find out what their SBR-enabled products offer.
For more information on SBR, visit www.sbr.gov.au.
