From 1 July 2012, businesses in the building and construction industry are required by the ATO to report the total payments they make to each contractor for building and construction services every year.
Saasu customers need to report these payments to the ATO on the newly released taxable payments annual report. More information on this report and who it affects can be found on the ATO website.
This report will enable you to report the relevant contractors and values to the ATO. We recommend speaking to your advisor if you would like to find out whether you need to complete this report.
We have created a video tutorial if you’d like to see how it works. If you have any questions, please feel free to contact the Service Team.