Tuesday, 11 July 2017

DO YOU OPERATE IN THE BUILDING AND CONSTRUCTION INDUSTRY? HAVE YOU LODGED YOUR TAXABLE ANNUAL PAYMENTS REPORT?


 
Businesses that operate in the building and construction industry need to report the total payments they make to each contractor for building and construction services each year.  The 2017 Taxable Annual Payments Report is due 28 August 2017.

The Tax Office has recently been cracking down on outstanding TPAR’s with penalties up to $1,800 per outstanding lodgement. If you have not lodged a report for your business which operates in the building and construction industry then you may be liable for penalties. If you would like to discuss your reporting obligations further please contact us. 

Please contact Andrew Marshall or Janine Orpwood at Langley McKimmie Chartered Accountants on (03) 5427 8100 to discuss further.

We provide accounting and wealth management services to clients in WoodendGisborne and Macedon Ranges areas within Victoria Australia.  

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