If your business is in the building and construction industry, you might have heard of changes in your financial year reporting.
Last year, the government introduced taxable payments reporting to improve tax compliance within the building and construction industry. Businesses are now required to report the total payments made to each contractor for building and construction services to the ATO, dating back from 1st July 2012.
MYOB's Richard Puffe has written an article for The Pulse blog today to assist you with the new requirements and help answer any questions you might have. We are also running free online seminars about Taxable Payments and how they affect your business.
Get your taxable payments done with MYOB - The Pulse blog
Taxable Payments 2013 - free online seminars
