Last updated: 14 May 2024
Guarantee your ERR compliance before Revenue introduces penalties
Joe Moore15 May 2024
We’re five months into Enhanced Reporting Requirements (ERR) and the launch of BrightExpenses... Where has the time gone? If you're anything like me, you might find yourself reflecting on the whirlwind that has been 2024 so far, trying to piece together exactly what has unfolded.
Looking for a reminder on your ERR obligations?
Download our guide to learn more.
Well, one thing we know happened is that you’ve now completed a full 4 months of reporting details of certain non-taxable payments to Revenue. Whether you complete this manually or through our specifically designed expense-reporting solution, BrightExpenses, give yourself a pat on the back. It’s usually a struggle adding an additional regulatory process to your plate.
Now is the time to ensure you’re compliant
Revenue understands that complying with ERR regulations will take some time to get used to, which is why they’ve opted to take on ‘a service for compliance’ approach until the 30th of June 2024. This transition phase gives employers and agents a chance to adjust to their new reporting obligations. However, with this deadline fast approaching, the last thing you want is to step into July without the right tools in place.
Still confused about ERR?
Check out our blog which answers 12 FAQs from businesses just like yours.BrightExpenses guarantees compliance with Enhanced Reporting Requirements
If you’re not already using BrightExpenses, then you’re missing out on a hassle-free ERR experience. We’ve designed this ERR reporting tool to streamline your reporting obligations, and we’re really proud of our results so far. From the 1st of January up until the 20th of March:
- Almost 60% of all ERR submissions being sent Revenue were sent through BrightExpenses
- 37% of employers who submitted expenses to Revenue used BrightExpenses
- Over 250,000 expenses were sent through BrightExpenses to Revenue with many users calling the process “Simple and straightforward.”
Accessing BrightExpenses
BrightExpenses smoothly integrates with Bright's payroll tools, BrightPay, Thesaurus Payroll Manager, and Surf Payroll. If you have a 2024 license for any of these products, you’ll automatically have access to BrightExpenses. And the best part – it's absolutely free for 2024 for our payroll users*.
*You can only use BrightExpenses if you are using BrightPay, Thesaurus Payroll Manager or Surf Payroll.
You can log in to BrightExpenses at expenses.brightsg.com. BrightPay, Thesaurus Payroll Manager, and Surf Payroll users will need to follow specific steps before gaining access, ensuring a smooth transition.
*BrightPay and Thesaurus Payroll Manager users will be able to login once they have sent expense/benefit details under ERR from BrightPay to BrightExpenses.
*Surf Payroll users will be able to login once they have submitted a payroll to Revenue in 2024.
What our customers have to say about BrightExpenses
“It was daunting when Revenue introduced ERR and this product has just made payroll and expenses so easy for me!”
“Great work by Bright for creating a free product to help the extra burden on payroll teams by Revenue, saves time and the extra workload of entering all the details manually on ROS.” - Debbie
“I find the support to be very good and all staff are extremely helpful”
Want to learn more about BrightExpenses or our payroll software? Discover more, below.
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