Reminder - Taxable Payments due 28th August

If your business is under the following categories and paid contractors for their services, you may need to lodge a Taxable payments annual report (TPAR) by 28 August 2021.

• building and construction
• cleaning
• courier, delivery or road freight
• information technology (IT)
• security, surveillance or investigation.

You should already have the records you need for your TPAR from preparing your activity statements, including details of:

• the contractor's name, address and Australian business number (ABN), if known, and
• total amounts for the income year of:     
• payments to each contractor (including GST)
• GST paid to each contractor
• tax withheld where the contractor did not quote their ABN.

 
If you would like to know more, please contact us and we will be glad to assist.

​Paul and Helder