Managing Personal Services Income
Manage contractor, professional services clients
Avoid the traps and problem areas
Identify and work through PSI issues
Welcome to Knowledge Shop IQ (how IQ modules work)
The alienation of personal services income (PSI) rules are one of those areas where the details count. It's also an area that the ATO pays close attention to.
This IQ module has been developed for accounting teams to explore the PSI rules and highlight those areas where the ATO is finding errors. We also work through the implications and limitations when your clients pass the PSI tests, and the treatment of clients who fail. Plus, we look at the interaction with Part IVA.
This module will help you manage clients that are contractors, agents, and sportspeople.
See the IQ module outline.