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READ MORECOVID-19 trading conditions could lead to more TPAR businesses: ATO
Businesses such as restaurants and cafés that moved to a delivery service model in response to COVID-19 restrictions have been urged to confirm if they fall into the taxable payments reporting system this year.
ATO assistant commissioner Peter Holt said ongoing coronavirus restrictions have seen businesses pivot and contract out more services, potentially capturing these businesses under the taxable payments reporting system (TPRS) for the first time.
Read more at Accountants Daily.
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