There has been plenty of warning about this one but amidst the current world happenings which everyone is feeling the effects of the rush to get this done has been overlooked and businesses need to act now if you have not already done so.
Unfortunately, there is no deferral for the implementation of the new system and all users who attempt to access the system with an AUSKEY from March 28th will be unable to. This is of great concern as I know many clients will be keen to lodge their March BAS quickly this quarter.
If you do not use your accountant or bookkeeper to lodge your business activity statement or access information, then you are likely to have access to your business portal. If so, you will have seen the message every time you have logged in that “from the end of March 2020 AUSkey will no longer be available. Instead, it is being replaced by myGovID.
myGovID is different to myGov – I want to make this point super clear as it has been the most confusing point for many people for obvious reasons. I mean, they have mostly the same name……….not sure who’s idea that was? But other than that concern, I am a big fan of myGovID. Once you set it up – it’s awesome.
I won’t go through the steps of how to set it up as it’s pretty simple and there are details on the website but basically it’s app based, you need an email address and proof of identity documents. Once that’s done – you just need to link your myGovID to your business. This is the part people have found the most tricky. Watch the ATO explanation of how to get setup.
The main problem has been clients who have businesses with a corporate trustee. At the time of writing this blog post, you need to ring 1300 287 539 and arrange to have the director of the company linked to the trust, there is no other option but to ring.
We also had some issues with a certain lovely staff member in our office not having enough identity documents in one name. Sounds dodgy but it was totally legitimate and can easily happen when the list of documents able to be used is quite limited.
There are some other things to note:
- the app needs updating on certain devices more often;
- you now only need to have one myGovID for multiple entities – saves time and sanity;
- myGovIDcan be used to access a range of government websites listed here;
- the app does only have 2 stars in the app store (apple) and several users report frustration with it. However from a user usability point of view we really love it in the IQ office.
I hope everyone is taking care of themselves during this very uncertain time – if you need any assistance from an accounting or bookkeeping point of view, please contact the office and we will be more than happy to help.