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Management accounting software companies will take the opportunity to add this new feature to their software specifically for the building and construction industry so that it captures data and completes the TPAR. For the immediate term however, it is likely that the service will be an external service to existing software solutions.
Download the TPAR form from the ATO website, complete, print and send to the ATO
GovReports will be soon releasing the TPAR for lodgement via SBR channel, enabling tax agents and businesses in the building and construction industry to easily create, report and lodge direct to the ATO.
"Being a cloud lodgement portal, GovReports makes it easy for accountants to complete the TPAR by entering data and mailing the form to their building and construction industry clients as well as seamless lodgement to the ATO, all in one go."
"As GovReports is independent management software the TPAR file can be created from any accounting software and can be uploaded and lodged throughGovReports."
Filling out the TPAR form downloaded from the ATO website could be the best option for smaller companies with a limited number of contractors.
The gained speed up is calculated as the ratio of the execution time of the sequential program Tseq to that of the parallel program Tpar :
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- TPA-Induced Sequence 7