The Australian Taxation Office (ATO) is continuing to update its systems, as it aims to be fully digitalised by 2030 and make it easier for small businesses to meet their tax obligations.
 
ATO deputy commissioner Hector Thompson, in a speech to The Tax Institute’s national GST conference, said the ATO’s vision is a future where “tax just happens”, which means accountants and taxpayers will be able to interact with the ATO through software and tools.
 
“We are piloting concepts to streamline the tax experience, in consultation and co-design with external stakeholders. This includes piloting right-time GST payments and voluntary monthly reporting of GST,” he said.
 
Deputy Commissioner Hector Thompson said that integrating the tax and super system into the operating system of small businesses would improve tax performance by:
  • Placing greater assurance in the system
  • Reducing errors through greater digitalisation
  • Decreasing new debt as payments move closer to events
“We see this as a win-win for small business owners who will have more time to work in or grow their business and tax agents to focus more on value creation,” he said.
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