‘Wide range’ of businesses clients captured by new TPRS regime
Accountants and their business clients have been urged to review their contractual terms to ensure they are across the expansion of the taxable payments reporting system (TPRS) regime, which goes beyond the scope of the cleaning and courier industries.
Last month, the Treasury Laws Amendment (Black Economy Taskforce No.1) Bill 2018 secured passage in the Senate, extending the TPRS regime to the cleaning and courier industries, with a retrospective start date of 1 July 2018.
Read the full article at Accountants Daily.
