The Integrated Client Account
The ATO has a number of client accounts. One of these is called the Integrated Client Account. This account is relevant if a person has non-salary income, pays GST, and/or employs staff and pays pay-as-you-go withholding. It provides transaction details from activity statements and payments, penalties and interest charges. As per the ATO, the complete list includes:
- goods and services tax (GST)
- goods and services tax instalments
- pay as you go income tax withholding (PAYGW)
- pay as you go income tax instalments (PAYGI)
- fringe benefits tax (FBT) instalments
- luxury car tax (LCT)
- wine equalisation tax (WET)
- fuel tax credit (FTC)
- deferred company instalments
- franking deficit tax and over franking tax for 2003 and future income years
- petroleum rent resource tax (PRRT)
- sales tax credits.
Why Your Clients Need Access to Their Integrated Client Accounts
The Integrated Client Account shows the tax lodgement behaviour of a business. This includes a payment history to the ATO and any outstanding debts. This information is needed to make informed lending decisions. For loans over $50,000, Moula requires this information as part of the application, which can be supplied by the business owner or their accountant who has been given access to their Integrated Client Account.
What If Your Client Doesn't Have Access to Their Integrated Client Account
If your client doesn’t have access to their Integrated Client Account, they will need to get set up with a myGovID. Here are the steps.
Once they have their myGovID, they can connect it to their business by linking it with their ABN. Once the myGovID has been linked to the ABN, they can grant access to others, such as tax agents and accountants, by using the Relationship Authorisation Manager (RAM). Here are the details.