Streamline Your Tax Return with One Click Life: Harnessing SBR Single Touch Payroll for Faster Processing
As the tax season approaches, individuals eagerly anticipate receiving their Payment Summaries from their employers to initiate the tax return process. Traditionally, this has involved waiting for the Payroll department to finalise and distribute these documents. However One Click Life, a leading tax ATO-enabled tax return software, has revolutionised this experience. By leveraging the power of ATO SBR Single Touch Payroll (STP) service, oneclicklife.com.au empowers individuals to access their Payment Summaries as soon as their employers finalise them, allowing for a quicker and more efficient lodgment of their 2023 tax return. Let’s delve into the details of this innovative solution.
The Power of SBR Single Touch Payroll
SBR Single Touch Payroll is an advanced reporting framework introduced by the Australian Taxation Office (ATO). It facilitates the seamless and real-time exchange of payroll information between employers, employees, and the ATO. By adopting this service, employers can instantly report Payment Summaries and other payroll data to the ATO.
How oneclicklife.com.au utilises SBR Single Touch Payroll
One Click Life, a trusted tax ATO-enabled tax return software, has harnessed the capabilities of SBR Single Touch Payroll to provide a revolutionary experience for individuals lodging their tax returns from 2023 onwards. Here’s how it works:
1. Instant Access to Payment Summaries
With One Click Life, individuals gain immediate access to their Payment Summaries as soon as their employers finalise them. This means there is no more waiting for the Payroll department to send out the documents physically or via email. By utilising the SBR Single Touch Payroll service, oneclicklife.com.au connects directly with the ATO to retrieve the Payment Summaries, providing users with the most up-to-date information.
2. Quicker Lodgment of Tax Returns
By eliminating the waiting time for Payment Summaries, oneclicklife.com.au enables users to lodge their 2023 tax returns more rapidly than ever before. This accelerated process saves individuals valuable time and streamlines the overall tax return experience. Instead of relying on physical or electronic copies, oneclicklife.com.au taps into the power of SBR Single Touch Payroll to ensure individuals have the necessary documentation readily available.
3. Enhanced Efficiency and Accuracy
With One Click Life, individuals can experience increased efficiency and accuracy when lodging their tax returns. The direct integration with SBR Single Touch Payroll eliminates the risk of errors or discrepancies that may arise from manual data entry or delays in receiving Payment Summaries. By retrieving the information directly from the ATO, One Click Life ensures the accuracy of data, providing individuals with peace of mind during the tax lodgment process.
4. User-Friendly Interface
One Click Life boasts a user-friendly interface, making it accessible to individuals of all levels of tax knowledge and experience. The platform is designed to guide users through the tax return process, ensuring a smooth and hassle-free experience. By leveraging the power of SBR Single Touch Payroll, oneclicklife.com.au integrates the retrieval of Payment Summaries seamlessly, presenting the information in a clear and understandable format.
How to Get Started with oneclicklife.com.au
Getting started with One Click Life and benefiting from the accelerated tax return process is simple:
- Visit oneclicklife.com.au
- Securely create and verify your account in minutes utilising One Click Life’s document verification service linked direct to the Department of Home Affairs.
- Get Started and check how much of a refund you will be getting back this year.
- Not got all the information pre populated come back later and click “Check for new ATO data” at the top of the tax return.
- Enter the relevant tax deductions.
- When you are happy with the tax return lodge.
- Sit back and relax and wait the cursory 14 – 28 days for the ATO to lodge or select the Next Day Refund option and get up to 50% to a maximum of $1,000 direct deposit to your nominated bank account with the fees and any remaining money deposited once the ATO process the tax return.
And if at any stage connect with a real accountant who will notify you via a text once they have answered your question. One Click Life really have made tax simple for all individual Australians.