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ATO Taxable Payments report

ATO Taxable Payments report

The TPAR tells us about payments that are made to contractors for providing services. 

Contractors can include subcontractors, consultants and independent contractors. They can be operating as sole traders (individuals), companies, partnerships or trusts.

So if you're in the Building & Construction, Cleaning Services, Courier Services you should've lodged your report to the ATO via your online portal or via paper.
If you're in the Road Freight Services, IT services and security, investigation or surveillance services, you will need to start reporting by 1st July, 2019 and lodge to the ATO by 28th Aug, 2020.

The details you need to report about each contractor are generally found on the invoice you should have received from them. This includes:

  • their Australian business number (ABN), if known
  • their name and address
  • gross amount you paid to them for the financial year (including any GST).

So make sure you keep a tidy record of all your contractors payments. 

If you are in need of an accounting software program, please contact us on 9747-0255 so that we can tailor a package that best suites the needs of your business.