Benefits
Currently intermediaries such as accountants, financial and investment advisors, bookkeepers and tax agents, face a heavy burden collating, analysing and reporting financial information to government. The benefits of SBR for intermediaries include:
- less time spent on report preparation
- a single sign-on to government online services where relevant and authorised
- access to more agencies on-line
- immediate access to current financial information
- enhanced information sharing capabilities potentially
- online reporting to 12 government agencies
- increased certainty that reports are correct and have been received by government
- further potential for certainty and early closure based on audit trails
- a clearer understanding of reporting requirements
- more time for value added services to clients
- access to more sophisticated financial reports.
