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Case: PSI and the ‘results Test’

By on August 26, 2015 in Interesting Articles

Case: PSI and the ‘results Test’ Gavin: It seems the ‘results test’ is a pretty hard barrier to get over. Here’s another example, with some lessons for the average punter. The facts During the 2011/12 income year, the taxpayer company (the company) entered into three agreements with BSI Contracting Pty Ltd (BSI) under which the […]

Information for contractors and consultants – PSI

By on December 11, 2013 in Australian Tax Office Updates, Hints & Tips, Interesting Articles, Motivation, Uncategorized
Information for contractors and consultants – PSI Information for contractors and consultants – PSI How do the Personal Services Income Rules work? If 80% or more of the PSI comes from one source, the results test must be passed.  Otherwise, the business is not a PSB and the PSI rules will apply. If less than [...]