We have had quite a few issues with the Taxable Payments Annual Report that is due only once a year. Mailny to do with Entity v Trading/Names on invoices. THe ATO require the Entity name and we mainl...
Hi LC000,
Thank you for you feedback.
I understand that you would like to have the option to record both the Trading as well as Legal name on the Supplier card, so that the Legal name can be selected in the TPAR.
My understanding of the matter is that at present the ATO's website does not specify that the name on the TPAR has to the registered name. Given that a valid ABN for the Supplier is required, it would mean that the ATO would have access to the full details of the Supplier based on the ABN.
Having said that, the matter has already been brought to the attention of our compliance specialist and we are currently awaiting further clarification on the matter from the ATO.
We will keep you posted once we have more information on the topic.
With reference to the Allocation memo information not appearing in the Jobs transaction report, unfortunately this is still being looked into by our product development team. I'm sorry for the inconvenience caused by this.
Regards,
Suja
MYOB Support