Important Notice: Lodging Taxable Payments Annual Report (TPAR) with ATO
Avoid Penalties and Stay Compliant by Meeting TPAR Deadlines and Requirements
Businesses that pay contractors to provide certain services may need to lodge a Taxable Payments Annual Report (TPAR) by 28 August each year.
From 22 March, the ATO will apply penalties to businesses that:
- have not lodged their TPAR from 2023 or previous income years;
- have received three reminder letters about their overdue TPAR.
Taxpayers that do not need to lodge a TPAR can submit a ‘non-lodgment advice form’. Taxpayers that no longer pay contractors can also use this form to indicate that they will not need to lodge a TPAR in the future.
We provide practical, no-nonsense, real-world advice and proven solutions that you can implement now to deliver fast results. Contact Omnis Business Accountants in West Perth on 08 9380 3555 today.