Think Podcast - Personal Services Income

Описание: Understanding Personal Services Income (PSI): Insights with Judy Reynolds from Opening Gates

In this video, Think Accountants teams up with Judy Reynolds from Opening Gates to unravel the complexities of Personal Services Income (PSI) and its implications for business owners and contractors. Learn what qualifies as PSI, how it affects your tax obligations, and strategies for managing it effectively.

🔍 What You'll Learn:

1. What is Personal Services Income? Defining PSI and determining if your income falls under this category.
2. Tax Implications of PSI: How PSI affects your tax obligations and the specific ATO requirements.
3. Business Structure Considerations: Strategies for structuring your business to manage PSI effectively.
4. Expert Insights from Judy Reynolds: Judy offers practical advice to help you navigate PSI and make informed decisions.

💼 About Judy Reynolds and Opening Gates Judy Reynolds, founder of Opening Gates, has extensive experience helping business owners navigate financial and compliance challenges. Together with Think Accountants, she provides invaluable insights into managing PSI efficiently.

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Website: Open Gates https://openinggates.com/
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