If you own and run a business in the building and construction industry, don’t forget to lodge your 2014-15 Taxable Payments Annual Report by 21 July 2015.
You must use this to report to the Taxation Office the total payments you made to Contractors for building and construction services throughout the financial year.
Remember you can lodge this report using the ATO provided paper form or alternatively many accounting software products such as Xero and MYOB have the reporting capabilities to produce and allow you to lodge the report electronically. Most software providers have step by step guides under their ‘Help’ functions to show you how to do this.
