ATO Deadline reminder for contractor reporting

The ATO is reminding businesses required to lodge a Taxable payments annual report (TPAR) to do so by 28 August 2024.

This deadline is crucial for businesses falling under the TPRs regime to fulfil their reporting obligations.

Entities operating within the construction, cleaning, courier, road freight, information technology, security, as well as investigation or surveillance sectors, and that have engaged contractors in these domains, are mandated to comply with TPAR requirements.

For more information regarding TPARs. please visit the Australian Taxation Office's website.

For details on how to lodge a TPAR using Xero software, click here.