Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the pods domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/garnetac/public_html/wp-includes/functions.php on line 6114
Personal services income Archives - Garnet Business Services
Are you receiving PSI?

Are you receiving PSI?

by | Feb 10, 2024 | ATO, Business Structures, Tax News

Do you earn PSI? While most people may think that it only applies to builders or tradies, the truth is that may also apply to any instance where individuals use their personal effort or skills. Personal Services Income (PSI) generally only applies to individuals that...
Tax Rules for Personal Services Income

Tax Rules for Personal Services Income

by | Dec 21, 2022 | ATO, Small Business

The personal services income (PSI) rules ensure individuals cannot reduce their income tax by alienating their PSI through interposed companies, partnerships or trusts. Want to know how it may apply to you? The tax legislation contains special rules about personal...