• If you pay other contractors

    If you pay other contractors for building and construction services you will be required to report these payments to us each year.

    Attention

    For more information on taxable payments reporting or paying contractors in the building and construction industry visit ato.gov.au/taxablepaymentsreporting

    End of attention

    Five tips to check you are on track

    1. Make sure you lodge your tax return by the due date and include all your income.
    2. Lodge any tax returns for previous financial years as soon as possible.
    3. If you think you have made a mistake on a previously lodged tax return, contact us as soon as possible to discuss your situation. If you voluntarily let us know of any mistakes on a previously lodged tax return, any penalties that apply may be reduced.
    4. Keep records of all the income you receive and payments you make in relation to providing building and construction services. Keeping records of your business transactions is a legal requirement and will help make sure you report all the income you receive and claim all the deductions you are entitled to.
    5. Check that you have met your other tax obligations.
    Attention

    For more information on meeting your tax obligations visit Checklist for people starting a new business.

    End of attention

    More information

    For more information on taxable payments reporting for the building and construction industry:

    • visit our website at  
    • refer to the following factsheet (in English), available online  
    • phone us
      • on 13 28 66 between 8.00 am – 6.00 pm Monday to Friday (local time)
      • if you do not speak English well and need help from the ATO, phone the Translating and Interpreting Service (TIS) on 13 14 50
      • if you are deaf or have a hearing or speech impairment, phone the ATO through the National Relay Service (NRS) on the numbers listed below, and ask for the ATO number you need
        • TTY users, phone 13 36 77
        • Speak and Listen (speech-to-speech relay) users, phone 1300 555 727
        • Internet relay users, connect to the NRS at relayservice.com.auExternal Link
         
       
    • visit one of our shopfronts
    • speak to your registered tax agent.
      Last modified: 19 Nov 2014QC 43150