PCG (Practical Compliance Guidelines) 2025-25

Описание: In this video, we explain the practical message from PCG 2025/5 and what it means for business owners, consultants and professionals operating through companies or trusts.

The key issue is that passing the Personal Services Business tests does not automatically mean profits can be freely retained in a company or distributed to family members. Where income is mainly generated from one person’s personal efforts or skills, the treatment of that income still needs careful review.

Key takeaways covered in this video:

Why PSI can still matter even when a company qualifies as a PSB
Why the working individual should be appropriately remunerated
When payments to family members or associates may create risk
Why retained profits need a genuine commercial purpose
What records should be kept for tax planning and compliance

This video is general information only and should not be treated as tax advice. Business owners should seek advice based on their own circumstances before making decisions.

#PersonalServicesIncome #PSI #TaxPlanning #AustralianTax #TaxCompliance #BusinessAdvisory