Financial Services

Financial Services

Discover everything there is to know about Financial services and benefits offered to MPAQ Members!

No Deductions to Non-Compliant Payments

No Deductions to Non-Compliant Payments

From the 2019–20 income year, a business taxpayer cannot claim a tax deduction for a payment that it makes to a worker — whether an employee or a contractor — unless it has complied with all Pay As You Go (PAYG) withholding obligations that apply to that payment. These payments are ordinarily deductible under the general deduction provision.

The Master Plumbers' Association of Queensland (MPAQ)
is the peak industry body representing plumbing
contractors throughout Queensland, from sole operators
to medium sized plumbing businesses and large
contracting firms.
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