How to Handle Personal Services Income (PSI) in a Company

Modified on: Wed, 3 Aug, 2022 at 11:27 AM

Personal Service Income earned in a company must be attributed to the personal service provider being an individual.

Tax Form -

Financial Statement -

Note, that if all the income is PSI income, then the full PSI amount is attributed to the service provider. Be sure to prepare & lodge a PAYG Payment Summary.

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