PSI, PSB AND PSE: NAVIGATING THE PSI RULES

The personal services income measures (the PSI rules) aim to provide similar tax treatment for personal services income (PSI), whether derived by an employee or a contractor. They also aim to prevent certain taxpayers from ‘alienating’ their PSI to another entity....

2020 TAX PLANNING THINGS TO DO BEFORE 30 JUNE

If eligible, apply for $10,000 NSW small business grant Record hours worked from home during COVID-19 Complete a stocktake Repay all shareholder/director loans Pay all superannuation (super) contributions before 24 June to obtain the deduction Ensure all relevant...

Business during Coronavirus: Making it Easier

The Federal Government has provided companies and boards much needed certainty about how they can meet their legal obligations over the next six months during the coronavirus pandemic. The changes recently announced and effected as of 6 May 2020 allow companies to...

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