by Team Garnet | 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...
by Team Garnet | 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...
