SKY UPDATE| TAXABLE PAYMENTS ANNUAL REPORTS
TAXABLE PAYMENTS ANNUAL REPORTS
If your business provides:
- Building & construction services; or
- Cleaning services; or
- Road freight & courier services; or
- Information technology services; or
- Security, investigation or surveillance services.
And you engage contractors in your business, you may be required to lodge a Taxable Payments Annual Report (TPAR).
TPARs are required to be lodged annually by the 28th of August.
The purpose of the TPAR system is to compel businesses to provide the ATO with data on the contractors they engage so that they can ensure those contractors are meeting their tax obligations. The objective being to create a level playing field for the benefit of all industry participants.
If you need assistance to work out if you are required to lodge a TPAR, or to complete and lodge the TPAR with the ATO, please get in touch.
Sky Accountants Ballarat
Phone: 03 5332 8855
Office Address: 902 Howitt Street, Wendouree, Victoria 3355, Australia
Postal Address: PO Box 2234, Bakery Hill, Victoria 3354
Sky Accountants Gisborne & Macedon Ranges
Phone: 03 5428 1400
Office Address: 45 Hamilton Street, Gisborne, Victoria 3437, Australia
Postal Address: PO Box 270 Gisborne Victoria 3437