If you are running a business that provides any of the following services and you pay contractors or subcontractors for these services You may need to lodge a Taxable payments annual report (TPAR) by 28 August :
building and construction
cleaning
courier or road freight
information technology (IT)
security, investigation and surveillance.
For each contractor you pay you will need to include on your TPAR:
their name
their address
their Australian business number (ABN)
the total amount paid to them, including any GST.
The contractor details you need to report are usually on the invoices used to claim GST credits on your BAS.
Complete your TPAR at the same time as your BAS, it's easier as you're using the same records.
Choose the lodgment option that works best for you:
your business accounting software
the ATO’s Business Portal
your myGov account (individuals and sole traders only)
your Accountant or Bas Agent
We often see the TPAR being missed as many businesses are unaware that this report needs to be lodged. Get in touch with your accountant or Bas agent today if you haven't been doing this.
We can help!
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