What are Labour Hire Summaries | Gotax

Learn all about Labour Hire Summaries and your Income Tax Return. 

1. What are Labour Hire Summaries?
2. Who Issues Them?
3. Are they prefilled?
4. Do I need to declare them?

Labour hire summaries are like Wages Payment Summaries, except these are provided by labour hire firms.  They detail the work performed by the workers they have supplied to a business under a labour hire arrangement. These summaries typically include information about the hours worked, the nature of the tasks performed, and the associated costs.

What are Labour Hire Summaries? 

Labour hire summaries are documents provided by labour hire firms that detail the work performed by workers they have supplied. These summaries typically include information about the hours worked, the nature of the tasks performed, and the associated costs. They are essential for both the labour hire firm and the business utilising the labour to keep track of services provided and costs incurred.

Who issues Labour Hire Summaries? 

Labour hire summaries are issued by Labour Hire Firms. These firms provide temporary or contract workers to businesses and are responsible for compiling the necessary information based on the timesheets and reports submitted by their workers.

If you are unsure about how to handle these summaries for your tax return, it is highly recommended to consult with Gotax, so you get it right.

Are Labour Hire Summaries prefilled? 

Yes, labour hire summaries are generally prefilled by the labour hire firm. They collect and compile the information from the workers' timesheets and activity reports, ensuring that all relevant details are included.  They are reported to the Tax Office each year. 

Do I need to declare Labour Hire Summaries? 

As an individual taxpayer, it is your responsibility to declare all your income.  Failure to do so will result in penalties from the Tax Office. More likely than not, your Labour Hire Income will automatically populate your income tax return.  Using Gotax, they will attend to this for you.

It's always a good idea to consult with Gotax, if you're not sure, to ensure that you are correctly handling and declaring this Income.