For a number of years people working in the Building and Construction Industry have needed to report on data of who they have had working for them as sub contractors. This data was used to work out if contractors were paying the correct tax, declaring all of their income and as to weather they were really employees or actual Subbies.
This year it will expand to include businesses in Cleaning services, Courier Services. Next year it will be expanded again to include Road Freight Services, Security, Investigation or Surveillance services and Information Technology (IT) services.
InterAcct has a report that pulled this information from the database and enables you to report this data to the ATO for Subbies. The existing report will continue to be able to report the additional types of contractors that you may engage with.
If you have any questions Please contact us or review to the ATO page