What is the Digital Service Provider(DSP)?
A Digital Service Provider (DSP) refers to a company or organization that delivers digital services over the internet or through various digital channels. DSPs typically provide services such as digital content distribution, streaming of music or videos, software-as-a-service (SaaS), cloud computing, online advertising, and other web-based services.
They play a crucial role in enabling businesses and individuals to access and utilize digital resources and services efficiently. DSPs may also offer platforms or tools for content creators or developers to publish, distribute, or monetise their digital products.
Digital service providers (DSPs) have the opportunity to enhance the features of their offerings by utilizing Standard Business Reporting (SBR) technology. Integrating SBR into their business/accounting software allows DSPs to seamlessly communicate with the ATO, resulting in substantial time savings in consolidating information, completing forms, and submitting reports to the government.
Moreover, DSPs opting to develop SBR-enabled products and services are eligible for various forms of support. This assistance includes a dedicated team specialized in facilitating SBR adoption and providing assistance through a helpdesk. Additionally, DSPs are provided with valuable resources, tools, and the software developer kit (SDK).
Furthermore, an external test environment operated by an external vendor is accessible to DSPs for product testing purposes.
How can Workstem assist you?
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By automating the payroll process in accordance with Fair Work and EBAs, Workstem simplifies tasks such as overtime pay, allowances, loadings, and leave cashing out. The STP 2 reporting feature also enables businesses to comply with ATO.
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