TPAR Due Dates & Preparation Tips

Key Due Dates:

• The TPAR due date for businesses reporting payments made to contractors in the building and construction industry is 28 August.
• Businesses in the following industries are also required to lodge a TPAR:
  • Building and Construction
  • Cleaning
  • Courier Services
  • Security, Investigation, or Surveillance Services
  • Road Freight Services
  • IT Services (including software development and consultancy)
  • Property Management and Real Estate Services

If your business falls into any of these categories, make sure to submit your TPAR by the relevant due date.

Tips for Efficient Preparation & Record-Keeping:

1. Organise Payments: Ensure you have a clear record of all payments made to contractors during the financial year, including wages, fees, and any other amounts paid.
2. Check Contractor Details: Review contractor details, such as ABNs and addresses. Ensure this information is accurate and up to date.
3. Review & Reconcile Payments: Double-check that all payments and invoices are correctly matched. Ensuring this helps avoid discrepancies when preparing the TPAR.
4. Use Software: Most accounting software now integrates TPAR reporting features to streamline your process and reduce errors.

If you have any questions or need assistance with your TPAR preparation, please don’t hesitate to contact us.