Discussions
Read on for the latest updates including:
• Agenda Builder launch
• SuiteWorld On Air registration
• New NetSuite Prompt Studio Contest
• And more!
Check out this thread to learn more!
Taxable Payments Annual Report - Building and Construction Industry
According to the Australian Taxation Office ("ATO") from 1 July 2012, businesses in the building and construction industry need to report the total payments they make to each contractor for building and construction services each year.
More Info : http://bit.ly/197qxAe
http://www.youtube.com/watch?v=uUEnJ-YhUWs
The aim of the system is to improve compliance with tax obligations by those contractors who are currently not doing the right thing.
The information reported about payments made to contractors will be used for our data matching to detect contractors who have not:
> lodged tax returns
> included all their income on tax returns that have been lodged.