Tag Archive for: Taxable payments annual report (TPAR)

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EOFY and the tax time countdown

June 15, 2022/in Tax Planning /by Salisbury Accountants & Business Advisors

End of financial year calendar and the countdown to tax time — FY22

A lot of things need to happen between the end of financial year (EOFY) and tax time. Here are the dates and deadlines to keep in mind when getting tax ready.

Key dates in June

30 […]

Taxable payments annual report (TPAR)

May 10, 2021/in Accounting /by Salisbury Accountants & Business Advisors

It’s not just businesses that pay contractors in the building and construction industry that need to lodge a TPAR

The ATO’s taxable payments reporting system (TPRS) is a black economy measure designed to assist the ATO identify contractors who don’t report or under-report their income.

The ATO estimates that around 280,000 businesses need to lodge […]