25/02/2026
Some income is earned through the structure of a business. Other income is earned through the personal effort and skills of an individual, and that distinction matters for tax.
Personal Services Income (PSI) rules can apply across a wide range of occupations, from trades to professions, and the tax consequences can be significant. Understanding whether your income is considered PSI is the first step to staying compliant.
💬 Read our latest blog to learn more about PSI and how the rules may apply to you.
https://www.macmillancowan.com.au/what-you-need-to-know-about-personal-services-income-and-part-iva/
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