Personal services income explained
The personal services income (PSI) rules apply to income that is earned mainly from the personal efforts or skills of a person. It does not…
The personal services income (PSI) rules apply to income that is earned mainly from the personal efforts or skills of a person. It does not…
A recent Federal Court case has highlighted important superannuation guarantee (SG) implications for businesses that engage certain types of contractors. Background facts The case of…
Deduction The same principles apply as per taxi fares. Where the fare is business-related, for example you are travelling from your office to a client’s…
The ATO has recently updated its guidance material on the operation of the personal services income (PSI) and personal service business (PSB) rules. These highly…
The personal services income (PSI) rules apply to income that is earned mainly from the personal efforts or skills of a person. It does not…
It is not uncommon for professional people who provide services to set up a separate entity to run their business, be it a trust, partnership…