Hassle-Free TPAR
Reporting
If you pay contractors in specific industries, the ATO is watching. We prepare and lodge your Taxable Payments Annual Report accurately and on time.
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Keep the ATO Happy
The Taxable Payments Annual Report (TPAR) is an ATO data-matching tool used to identify contractors failing to declare their income. If your business operates in building/construction, cleaning, courier, IT, or security services, lodging this report is mandatory.
Collating contractor ABNs, verifying details, and summing annual payments can be an administrative nightmare. Elite Taxation Pty Ltd automates this process, ensuring your contractor data is perfectly matched and lodged by the August due date.
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Are You Compliant with TPAR?
Let Us Check Your Obligations
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Avoid Steep Penalties
Failure to lodge a TPAR can result in significant fines. We configure your accounting software to tag contractor payments automatically, making August reporting a breeze.
- Review and categorisation of all contractor payments for the financial year.
- Verification of contractor ABNs against the Australian Business Register.
- Configuration of Xero/MYOB for automated ongoing TPAR tracking.
- Accurate preparation and electronic lodgement of the TPAR directly to the ATO.
- Advice on differentiating between a true contractor and an employee for Super/WorkCover purposes.
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Be the first to review usFrequently Asked Questions
Understanding TPAR reporting obligations.
You must lodge a TPAR if your business makes payments to contractors for services in the following industries: Building and construction, Cleaning, Courier, IT services, and Security/Investigation.
The TPAR must be lodged with the ATO by the 28th of August each year. It covers payments made from 1 July to 30 June of the previous financial year.
You must report the contractor's ABN, name, address, gross amount paid to them for the financial year (including GST), and the total GST included in that gross amount.
You only need to report payments for "services" (labor). However, if an invoice is mixed (provides both materials and labor) and the labor component is not clear or distinct, you must report the entire gross amount of the invoice.
If a contractor fails to provide a valid ABN, you are legally required to withhold tax at the top marginal rate (47%) from their payment and send it to the ATO. This must also be reported.
Ensure TPAR Compliance Today
Contact us to simplify your contractor reporting and meet the August deadline.
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