Heads up: Taxable Payments Annual Report (TPAR) are due by 28th August.
You need to report payments to contractors (a bit like group certificates) if your businesses operates in these industries:
– Building and construction services (this covers a broad range of services including engineering and decorating)
– Cleaning services
– Courier services
– Road freight services
– IT services
– Security, investigation or surveillance services
– Government entities
Here is a link to the ATO and a full list of captured service types
https://www.ato.gov.au/business/reports-and-returns/taxable-payments-annual-report/work-out-if-you-need-to-lodge-a-tpar/
Failure to Lodge penalties apply if you should lodge, but don’t.
