If you provide cleaning or courier services and pay contractors you will need to lodge a Taxable Payments Annual Report with the ATO.
Contractors can include:
- Subcontractors
- Consultants
- Independent contractors
What do you need to do?
If you’re involved in either industry, then you need to keep records about the payments you make to contractors including:
- ABN
- Name and address
- The total amounts paid to them during the financial year (including any GST)
The report for the 1 July 2018 to 30 June 2019 year must be lodged with the ATO by 28 August 2019. Contact your tax agent or the ATO for further assistance and information.
