Insights · Construction ·
TPAR for builders and trades
If your business is in building and construction and pays contractors, you probably need to lodge a taxable payments annual report (TPAR) with the ATO by 28 August each year.
Who lodges
Businesses that provide building and construction services and make payments to contractors for those services, plus several other industries (cleaning, couriers, road freight, IT, security and others).
What to report
- Each contractor’s ABN, name and address.
- Gross amount paid for the year, including GST.
- GST included.
Tips
- Collect ABNs and addresses at onboarding, not at year end.
- Use your accounting software’s TPAR report and check contacts are flagged as contractors.
- Keep it consistent with your contractor vs employee decisions.
Related: contractor or employee?
Quick answers
When is the TPAR due?
28 August each year, per the ATO.
Want this looked at for your business?
Book a free 15-minute Financial Health Check with Tereza, our practice manager. We look at income, tax, the business, mortgage, insurance and super in one go. Short on time? Grab a 5-minute quick chat.
Sources
Related
General information only. This doesn’t take your circumstances into account and isn’t tax, financial or legal advice. Talk to your accountant or registered tax agent before acting. PRM is not a registered tax agent; tax agent services are provided by Australian Tax & Super Pty Ltd (TPB 25291395).