EOFY: How to prepare for upcoming contractor payment changes

By Kristy Sheppard · 14 June 2012 · Locked

EOFY: How to prepare for upcoming contractor payment changes

ATO Changes Loom for Contractors: Is Your Business Ready?

From July 1, the ATO will introduce new reporting requirements for businesses employing contractors. Don't get caught off guard - find out what this means for your business and how to prepare.

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Summary

If you employ the services of any building and construction contractors, from 1 July the ATO will be adding some new reporting requirements. Here’s what the new obligation will mean for your business.

Tags: Australian Taxation Office, Blogs, building and construction contractor reporting, business blogs, business tax obligations, business tax requirements, contractor reporting requirements, EOFY