Personal Services Income – What You Need to Know
Overview
Your Guide to Navigating Personal Services Income Rules
The Personal Services Income (PSI) rules have been around for years, but they still trip up many tax professionals. Their broad reach means they can affect individuals and businesses of all sizes.
A strong grasp of PSI rules, including the common pitfalls, is essential for professionals across both large and small firms.
This session will cover:
- A refresher on the Personal Services Income (PSI) regime
- Personal business entities and alienation of PSI
- Personal services business tests
- PSI and agents
- Personal services business determinations
- Interaction with general anti-avoidance rules
- How to avoid common mistakes
- Explore personal services business determinations
- See how PSI interacts with general anti-avoidance rules
- Avoid the most common mistakes
Stay ahead of PSI issues and ensure compliance with confidence.
Learning Outcomes:
By the end of this session, participants will be able to
- Understand the PSI rules,
- Apply the personal services business tests,
- Avoid common pitfalls, and
- Navigate related compliance and business entity issues.
Suited to:
This session is suitable for all accounting and taxation professionals that require a practical understanding of the rules and how to apply them.
This On Demand recording Includes:
- Recording of the Live Webinar, which can be viewed multiple times, for as long as required
- Presenters contact details for follow up questions
- CPD Quiz
- CPD Certificate
- CPD Report – Logged automatically
- PowerPoint Presentation
- Verbatim Transcript, with Searchability
- Supporting Documentation
Course syllabus
3 lessons
- Video – Personal Services Income – What You Need to KnowVideo
- Feedback Survey QuestionsSurvey
- Knowledge QuizTest
Your presenter
Crowe Australasia, an affiliate of FindexCrowe Australasia
is the largest provider of practical accounting, audit, tax, business and financial advice to individuals and businesses from a network of over 80 offices throughout the country. The firm’s team of 300 Principals (approx.) and professionals deliver a full range of accounting including, audit and taxation, business advisory, corporate finance and wealth management services from offices in the cities of Sydney, Melbourne, Brisbane, Canberra, Perth, Auckland, Wellington and major regional centers in Australia and New Zealand.