The Taxable Payments Regime was introduced in the 2012-2013 financial year. The regime targets contractors working in the Building & Construction Industry. It specifically effects entities operating businesses in the Building & Construction Industries by imposing reporting requirements regarding monies paid to contractors for services.
At McCabe Weston Accountants our team can assist you to fulfil your obligations for Taxable Payments Reporting. Some of the areas we can assist you with are as follows:
- Helping you determine if your business needs to report.
- Determining which contractor payments, you need to report.
- Setting up your accounting system to adequately record the information required.
- Preparation & Lodgement of Taxable Payments documents.
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