Paid contractors? Don’t forget your TPAR – due on 28 August

Paid contractors? Don’t forget your TPAR – due on 28 August

What is TPAR

If you have contracted out more services in the past year. This could mean you need to lodge a Taxable payments annual report (TPAR) for the first time.

TPARs are due on 28 August each year.

You may need to lodge a TPAR if your business pays contractors or subcontractors for the following services:

  • building and construction
  • cleaning
  • courier services
  • road freight
  • information technology
  • investigation, security or surveillance.

TPAR

If you need to lodge a TPAR but missed the due date, lodge it now. You can lodge online.

If you lodged your TPAR but made a mistake, you can amend it

Keeping good records makes it easier for you to prepare your TPAR. 

You will find the details you need on contractor invoices. Remember to include details of cash payments to contractors on your TPAR.

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Need more help?

Contact us for a discussion today.

The Confusions of Tax Depreciation Schedules

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