ATO
Reportable
Easily keep on top of reportable tax requirements for your construction business and projects with Cheops’ ATO Reportable module.
Users can produce a detailed transaction history for all subcontractor activity in a given period, in line with Federal and State Government legislation, to make reporting quick and easy.
ATO Reportable
Queensland Compliance
Complies with Queensland Building Industry Fairness (Security of Payment) Act (BIFA) with respect to Project Trust Accounts (Previously Project Bank Accounts).
New Zealand Compliance
Complies with New Zealand Inland Revenue Department (IRD) reporting.
New South Wales Compliance
Complies with Building and Construction Industry Security of Payment Amendment Act (NSW).
Trust Account Compliance
Compliant for one General Trust Account for each Project Trust Account applicable project, and one Retention Trust Account for all projects.
Western Australia Compliance
Complies with Building and Construction Industry (Security of Payment) Bill 2020 (WA).
Construction Industry Specific
Designed specifically to meet Civil, Mining and Construction Industry reporting standards.
Upload Direct to ATO
Create Taxable Payments Annual Report files and upload to the Australian Taxation Office portal for all subcontractor/supplier payment activity. Ability to select or deselect individual activities at any stage before submission.
Retention Releases
Process Retention Releases from a Retention Trust Account bank account as per Australian Tax Office legislation.
Supports Variations
Supports Variations management and reporting.
Supports Retentions
Supports Retention management and reporting.
Take a look
See the simplicity and efficiency of the Cheops ATO Reportable module and get a better understanding of how it can help your business.
We Work With The Best
Get in touch, or request a demo
If you would like to know more about Cheops Construction Management System or have some specific questions you would like answered, give us a call or request a demonstration. We are here to help!