IMPACT LODGES LIVE BAS UNDER NEW FEDERAL GOVERNMENT'S SBR INITIATIVE
Today marks a major milestone for the Impact Management Group with its first lodgment of a live Business Activity Statement (BAS) under the Federal Government's new Standard Business Reporting (SBR) initiative.

SBR is designed to take the pain out of the compilation and submission of the many statutory returns demanded of Australian businesses. With BAS's being "on top of the list" for business owners (particularly micro and small businessmen who do not employ fulltime accounting staff) Impact is delighted to have been amongst the first to produce an SBR formatted BAS from its accounting software.

"Impact's ability to "automatically" produce a BAS without rekeying, exporting or reformatting source data really shows the efficiencies offered by SBR (and) with standardised payroll reporting, ASIC forms etc also coming on line in the future the savings offered by Impact's & SBR will continue to grow" said Impact's spokesperson Garry Sexton.

IAM is now commercially available to Accounting Professionals and Small Businesses to use and lodge the September BAS. So making the switch can be done today. IAM is the first and currently, the only SBR enabled full application accounting solution. Meaning it does not require middleware to link to SBR and the appropriate reporting agencies. We are excited about our future prospects with this next generation cloud accounting technology, said Impacts Marketing and Partnership spokesperson Ben Hunter.

Small Business can take advantage of this leading accounting solution for a low annual fee of $240+GST and if users are not happy, Impact will provide a full refund if you cancel within the first 3-months. This introdcutory offer ends by 31 Dec 2010.

It will save time and take the headaches out of tax by visiting www.iam-online.com.au For more infor

mation or to arrange interviews with Garry Sexton, Spokeman for Impact or Paul Madden - Treasury Please contact:

Hunter Media Solutions – Ben Hunter 0420 908 750 or ben@huntermedia.com.au


About Impact Management Group Pty Ltd

Impact Management Group was incorporated in 2001 by executives who are key members of the business sector initiatives and advisory committees. The main objective of the company is to enhance small to medium sized businesses to increase accounting productivity by leveraging industry initiatives such as the Australian Government's Standard Business Reporting. Impact Management Group is recognised as being part of the global push for the standardisation of business reporting and is now consulting to businesses to implement SBR. IAM was self-certified as SBR-enabled on 13 May 2010. www.iam-online.com.au