Henderson Edelstein & Co Chartered Accountants

At Henderson Edelstein, if we see a need in your business, we will tell you and initiate a plan to implement it as efficiently and effectively as we can. Sometimes, it will involve us and at others, it will be something you can implement yourself and we needn't be involved, other times it will be outside our service offering but we will be able to refer you to someone that can assist.

Read more...

Return to List of Tax Facts

Tax Facts - Reportable Tax Payments

Some business in certain industries need to report to the ATO the payments made to contractors. The reporting is made in the taxable payments annual report and is due by 28 August each year.

The industries covered include:

Building and construction services
Cleaning services for contractor payments from 1 July 2018
Courier services for contractor payments from 1 July 2018
Road freight services for contractor payments from 1 July 2019
Information technology (IT) services for contractor payments from 1 July 2019
Security, investigation or surveillance services for contractor payments from 1 July 2019

It has been proposed to extend this to ride sourcing and short-term accommodation from 1 July 2022 and to asset sharing, food delivery, task-based platforms and other platforms (other than marketplaces) from 1 July 2023.