For some time now, the Building and Construction Industry has been required to lodge an annual Taxable Payments Annual Report (TPAR) with the Tax Office detailing which contractors they have paid, what their ABN is and how much they have paid them during the year. This measure was intended to catch out contractors who were not paying tax on their income.
Are you curious about your current financial situation and keen to confirm you have the best possible strategies and structures in place? We offer a Proactive Review for prospective clients at no upfront cost. In this session we will dig into the detail and create list of recommended opportunities to improve you financial position.Interested? Learn more here
Could you benefit from a shift to the Cloud? Cloud based accounting can save you time, simplify your bookkeeping, and increase the accuracy of your records. Xero is our preferred platform and we use it everyday ourselves. It’s a simple, effective and easy to use system. Chat to our team if you think Cloud based accounting could be for you.Register for a free demonstration with one of our experts
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If your business isn’t up to date with your PAYG withholding obligations, you may not be entitled to claim any business related tax deductions.
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