Taxable payments annual report (TPAR) amounts will pre-fill in your clients’ tax returns for sole traders and contractors this tax time. This reduces manual data entry for you and lowers the risk of omissions in your clients’ lodgments, especially for those who work across gig platforms or multiple Taxable payment reporting system (TPRS) industries.
Wait until after 28 August to lodge tax returns for clients who provide TPRS services to reduce errors and the need for amendments, and check their pre-filled information is accurate before lodging. See the ATO Small Business Newsroom article for more information on TPAR pre-fill.