From 1 July 2013, businesses in this industry need to report the total payments they make to each contractor for building and construction services each year. This information needs to be reported to the ATO through the Taxable Payments Annual Report by 28 July 2013 for those on quarterly BAS cycle, or 21 July 2013 for those on monthly BAS cycle.
Information on the reporting requirements can be accessed from the ATO.
We stress the significance of this new reporting requirement and the possible volume of work that may be required by businesses over the next three months, not Just July. Therefore, we are going to run the following information seminars:
Where: WMC Business Centre, 72-76 Ryrie St, GEELONG
When: Tuesday 21st May 2013, and
Thursday 23rd May 2013
Please contact Melissa Ervacinovic on 5201 1230 to book your seat at a seminar or book here. Seats are limited so be quick. Alternatively, you can contact our office to make an appointment to go through your specific requirements.