• Home
  • Services
    • Business Services
    • Accounting Services
    • Taxation Services
    • Company Secretarial Services
    • Financial Services & Planning
    • SMSF Services
    • Domain name & webhosting
    • Other Services
    • Xero
  • News
    • Lodgement Dates
    • Seminars
    • @ato_gov_au Australian Tax Office Twitter Feed
    • @cotteraccounts Twitter Feed
  • Contact Us
  • About Us
  • Newsletters
  • Cotter Services
  • Login
Cotter Accountancy
07 3333 2510
Cotter Accountancy News

Reporting in the Building and Construction Industry

15/8/2012

Comments

 
From 1 July 2012, businesses in the building and construction industry need to report the total payments they make to each contractor for building and construction services each year.

Businesses need to report if all of the following apply:
  • they are in the building and construction industry
  • they make payments to contractors for building and construction services
  • they have an Australian business number (ABN).
For each contractor, you need to report the following details each financial year:
  • ABN, if known
  • name
  • address
  • gross amount you paid for the financial year (this is the total paid including GST)
  • total GST included in the gross amount you paid
You need to report these payments to the ATO on Taxable Payments annual reports and it is due by 21 July 2013.
Accounting with a personal touch ....
Comments

    Cotter Services

    To provide current news updates relevant to our clients

    Categories

    All
    ACCC
    Alerts
    ASIC
    Ato
    Budget
    Business
    Business Tool
    Career
    Centrelink
    Chamber
    Construction & Building
    Contractors
    Employers
    Employment
    FBT
    Fraud
    GST
    Help
    Income
    Ipswich QLD
    Job Search
    Legal Action
    Scammers
    Sg Contributions
    Smsf
    Super
    Wishes
    WorkCover
    Xero

    Archives

    February 2018
    January 2018
    July 2017
    June 2017
    February 2017
    December 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    March 2015
    June 2014
    May 2014
    April 2014
    September 2013
    July 2013
    May 2013
    April 2013
    March 2013
    December 2012
    October 2012
    August 2012
    June 2012

    RSS Feed

ABN: 60 117 502 226 | Privacy Statement | Mission Statement | Login | Portal |