09/10/2026
Ever paid a tradie or supplier who couldn't give you an ABN? 😬
If that invoice was more than $75 (excluding GST), you were meant to hold back 47% and send it to the ATO. Not most of it. Not later. 47%, on the day you paid.
It doesn't stop there. Anything you held back has to be reported to the ATO in a separate annual report, due 31 October.
The catch? Your accounting software won't flag any of this. It usually turns up months later, when someone's doing the BAS.
As a registered BAS Agent, we pick this up as it happens, not at year end.
📩 Paid someone without an ABN this year? Get in touch before 31 October: https://www.firstclassaccounts.com/richmond/