By Paul Wickham, Senior SMSF Tax Advisor, Boxing Clever. Business and SMSF tax deadline approaching: AUSkey retiring in March If you use the ATO’s Business Portal for your self-managed super fund (SMSF) now is the time to set up your myGovID. On 27 March, the ATO and 26 other government agencies will retire the decade old AUSkey and the Manage ABN Connections login credentials. This means anyone who uses the ATO’s Business Portal or a range of other government online services will need to setup and use myGovID. The myGovID app is available to download to your smart device, using security features in your device such as fingerprint, face or password to help keep your information secure. This is to protect your identity and help stop other people accessing your information. Once the app is set up, the business owner will need to link their myGovID to their business using the authorisation service called Relationship Authorisation Manager (RAM) and authorise employee access. The ATO's Chief Digital Officer John Dardo says most people will find myGovID solves a lot of problems they had with AUSkey and encourages them to try it today. “We've had over five million logins to the ATO Portals using myGovID so far and that’s because it’s simple, secure and flexible.” “We’ve developed a solution for employees who do not have the required identity documents and can’t set up their myGovID, for example non-residents. It will be available in mid-March, allowing these users to make the move to myGovID then.” Get started in a few simple steps: Step 1: Set up your myGovID – download the myGovID app from the App Store or Google Play and use your Australian identity documents to enrol.Step 2: Log in to RAM using your myGovID and link your business. Before you link your business, check your details on the Australian Business Register are up to date so RAM can use the correct information.Step 3 (optional): Authorise your employees and others in RAM to act on behalf of your business online. They will receive an email to accept the authorisation request using their myGovID. “We’re encouraging ATO Business Portal users to make the move from AUSkey to myGovID now before AUSkey retires.” “Don’t leave it to the last minute, get set up today. Download the myGovID app and link it to a business using RAM”. Find out more at: ato.gov.au/myGovID Compare small business loans and credit products at InfoChoice. Compare SMSF savings and investment products at InfoChoice. This article is general news and information, not financial advice. Please seek personal professional tax advice. The products compared in this article are chosen from a range of offers available to us and are not representative of all the products available in the market and influenced by a range of factors including interest rates, product costs and commercial and sponsorship arrangements InfoChoice compares financial products from 145 banks, credit unions and other financial institutions in Australia. InfoChoice does not compare every product in the market. Some institutions may have a commercial partnership with InfoChoice. Rates are provided by partners and taken from financial institutions websites. We believe all information to be accurate on the date published. InfoChoice strives to update and keep information as accurate as possible. The information contained on this web site is general in nature and does not take into account your personal situation. Do not interpret the listing order as an endorsement or recommendation from us. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from a financial adviser. If you or someone you know is in financial stress, contact the National Debt Helpline on 1800 007 007.