We have agreed to be part of a working group with the Australian taxation Office to help our customers meet compliance requirements. Here are the details of the ATO invitation:
You are invited you to be part of a working group for the Software Assurance project. The intent of the project is to provide your clients with transactional certainty prior to lodgment, reducing the burden and cost of compliance.
We want to work with you to co-design solutions for your software products that help to reduce or remove common errors that trigger our analytics and subsequent audit action.
Common errors can include:
- duplicated invoice or receipt numbers
- incorrect or misclassification of supplies
- reversal mistakes
- discount corrections.
We would also like to explore other opportunities to improve the internal governance and assurance processes your clients use, making it easier for them to get their tax and super obligations right.