All Accounting Articles Industry News

All Accounting Articles Industry News

The ATO will work towards designing an out-of-office myGovID access control for agents in the wake of ongoing feedback, but warns that a solution will not be ready by 27 March.

ATO set to design out-of-office myGovID access control

Just 20 per cent of tax agents are currently using myGovID to log in to the ATO’s Online services for agents, but the ATO says the current adoption rate is “far exceeding” its expectations.

‘Exceeding expectations’: 1 in 5 tax agents using myGovID

An audit log of staff accessing Online services for agents, a solution for linking trusts and an expanded suite of identity documents are some of the solutions the ATO will be rolling out as it looks to address concerns around myGovID.

ATO responds to myGovID concerns

Big four firm KPMG has now teamed up with Thomson Reuters as it looks to tackle the increasingly complicated FBT landscape.

KPMG teams up with Thomson Reuters to tackle FBT

The ATO will roll out field visits to tax professionals from next week as it looks to respond to calls for assistance in the transition to myGovID.

ATO to commence ‘field visits’ in myGovID push

Xero has announced a number of new additions, including a new financial insights app backed by a major bank, and the integration of Uber for Business.

Xero reveals new small business app, integration

The transition from AUSkey to myGovID has been far from smooth sailing, with credential setup issues to concerns over security continuing to weigh heavily with accountants.

myGovID concerns not ‘insignificant’ as deadline looms

New compliance workflows, a more flexible payroll experience and access to add-ons are some of the upgrades MYOB will be rolling out in the first quarter of this year.

MYOB announces new product upgrades

The new identity credential myGovID is set to become the default ATO login option for tax and BAS agents by the end of the week, as the agency warns of the impending retirement of AUSkey in nine weeks.

MyGovID set for default login on online services

The proliferation of artificial intelligence (AI) in the accounting industry will give rise to small practices, with software vendors predicting that thousands will launch over the next 20 years as our access to information increases, says one professional association.

AI to birth new era of accounting, not eradicate it

Digital bookkeeping platform Receipt Bank is set to boost its presence in Australia following a successful series C capital raise of $73 million in equity and debt.

Receipt Bank completes $73m funding round

The first group of e-invoicing accredited service providers has been revealed, as the ATO readies for the implementation of the new invoicing experience.

E-invoicing foundations laid as accredited service providers named

Small- to medium-sized clients are still heavily reliant on paper documentation, a new MYOB survey has found.

SMEs still tech-averse: MYOB