Life Interests Testamentary Trusts

DO YOU OPERATE IN THE BUILDING AND CONSTRUCTION INDUSTRY? HAVE YOU LODGED YOUR TAXABLE ANNUAL PAYMENTS REPORT?

 
Businesses that operate in the building and construction industry need to report the total payments they make to each contractor for building and construction services each year.  The 2017 Taxable Annual Payments Report is due 28 August 2017.

The Tax Office has recently been cracking down on outstanding TPAR’s with penalties up to $1,800 per outstanding lodgement. If you have not lodged a report for your business which operates in the building and construction industry then you may be liable for penalties. If you would like to discuss your reporting obligations further please contact us. 

Please contact Andrew Marshall or Janine Orpwood at Langley McKimmie Chartered Accountants on (03) 5427 8100 to discuss further.

We provide accounting and wealth management services to clients in WoodendGisborne and Macedon Ranges areas within Victoria Australia.  

The content within these articles was correct at the time of writing. Please contact us for updated information and advice. 

We provide accounting and wealth management services to clients in Woodend, Gisborne and Macedon Ranges areas within Victoria Australia.

blog archive

Recent Posts

MORE INTERESTING

BLOGS

Looking for the next step to progress your career. Langley McKimmie Chartered Accountants is seeking an experienced Accountant to join our dynamic business services…