TPAR Reporting
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Steve Cook
Member Posts: 150 ✭✭
ATO in their infinite wisdom have put me on the TPAR system
commencing July 2019
I had a read on ATO website, but still a little confused
https://www.ato.gov.au/Business/Reports-and-returns/Taxable-payments-annual-report/
commencing July 2019
I had a read on ATO website, but still a little confused
https://www.ato.gov.au/Business/Reports-and-returns/Taxable-payments-annual-report/
Website reads like only applies to Services (ie labour charges), not goods. Is this correct ?
Reporting refers to payments actually received (ie like cash accounting, not accruals)
I am using accruals accounting, so hypothetically….
Invoices issued in June 2019, payment received in July 2019 …. Is TPAR reportable ?
Just want to get it right so I can generate correct reports from my RA Premier 2019
Thanks for any assistance
0
Comments
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My understanding is that it’s for subcontractor payments, so no materials only labour. Yes only on cash basis0
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Hello Steve
TPAR in Reckon will report the transactions on what has been paid. even though other reporting is set to accrual basis.
Adrian0
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