The Sweden Release is just around the corner, and we’re happy to share three of its much-anticipated new features.

Single Touch Payroll (STP):

STP is a government initiative to streamline business reporting obligations. Employers will be required to send payroll information to the ATO at the time of the pay run, rather than annually.

For employers, this means that payroll reporting is part of the pay run process and Payment Summaries are no longer required. On upgrade to the Sweden release, you will be able to setup STP Reporting from within the Payroll module > STP Compliance. At each pay event, you will report to the ATO payments such as your employees’ salaries or wages, PAYG withholding and super information

For employees, you’ll be able to access real-time YTD Pay details via MyGov to enable you to complete your tax return.

How do you prepare for an upgrade to Sweden?

For clients hosted by LawMaster, we will liaise with you to co-ordinate your upgrade.

For clients hosting on-premise, you’ll need to check if your IT Infrastructure is Sweden Ready
(Windows Server 2008 and SQL 2008R2 are NOT supported). ATO requirements specify the use of HTTPS between Client and Server, and this may require updates to your LawMaster Server configuration.

If you need any assistance, just ask your Account Manager who will be able to help.

Entity Data Management

There have been increasing requirements from Anti-Money Laundering and Counter Terrorism Financing, VOI and Marketing Data amongst others, relating to the storage of ‘custom’ information (e.g. passport or driver’s licence information) at the entity level. To help you meet these requirements, we have introduced Entity Variables as a way to track this information. The Entity Search screen will now include a new Variables tab that will allow you to View, Add, Modify and Delete Entity Variable data. Entity variables are also available to merge into templates, emails and pdf documents.

Upgraded Email Management

The Sweden Release includes a significant upgrade to the management of emails to LawMaster. This upgrade includes features that save time and drive efficiency. When you drag a new email into LawMaster, a number of new options are available to streamline your email management processes.

You now have the option to:
1. Extract any email attachments to save as separate folios
2. Amend email attachment Folio Precis, Info Type and Override the File Name
3. Record your time
4. Create a bring-up

Look out for our Release Announcement and Release Notes for more details and exciting inclusions from our Sweden release.