Single Touch Payroll (STP) Phase 2
Since the introduction of Single Touch Payroll (STP) in 2019-2020, the majority of businesses are now using STP for their payroll reporting processes and most… from Single Touch Payroll (STP) Phase 2
If your business pays contractors or subcontractors you may need to lodge a Taxable Payments Report (TPAR) by 28 August 2020.
The report requires you to provide details of payments made for your contractors who are providing services to your business. The details you need to report will usually be found on your contractors invoice. These include their Australian Business Number (ABN), their name and address and the gross amount you paid to them for the financial year including GST.
Industries who are required to lodge a TPAR include:
Depending on your software, you can lodge your TPAR online either directly through your own software, or through the ATO Business portal.