Is Your Income Considered Personal Services Income (PSI)?
Автор: Reliable Accountants
Загружено: 2024-12-10
Просмотров: 79
Описание:
Unlock the complexities of Personal Services Income (PSI) with our easy-to-follow guide! In this 3-minute explainer video, we break down the Australian Taxation Office (ATO) definition of PSI and its implications for your tax obligations. Discover the essential step-by-step approach to determine if your income qualifies as PSI and learn how to navigate the Personal Services Business (PSB) tests.
From understanding the *Results Test* to the **80% Rule**, we cover all you need to know to ensure compliance and maximize deductions. Don’t miss our practical example illustrating how PSI affects real-world scenarios!
Like, share, and let’s simplify your tax journey today!
#PSI #ATOTax #PersonalServicesIncome #TaxGuide #TaxCompliance #PSBTests
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