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....

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...

$10,000 COVID Grants for NSW Small Businesses

Small businesses impacted by COVID-19 shutdowns will receive grants of up to $10,000 under a new assistance scheme announced by the NSW Government on 3 April 2020. The NSW Government will put $750 million into the Small Business Support Fund as the centrepiece of a...