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PSB tests are used to work out if the PSI rules apply to a particular income year.
If a contract goes across more than one income year, then for the purposes of applying the employment test you will only consider the amount of the contract price and market value of the employee's or contractor's work that was derived in the income year that you’re applying the test to.
Last modified: 26 Mar 2024
Personal services income
| Steps | Progress | ||||||||||||||||||||
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What is PSI? |
4 mins | ||||||||||||||||||||
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Is the income PSI? |
5 mins | ||||||||||||||||||||
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Income that is not PSI |
9 mins | ||||||||||||||||||||
Whose PSI is it? |
7 mins | ||||||||||||||||||||
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Working out if the PSI rules apply: self-assess as a personal service business (PSB) |
2 mins | ||||||||||||||||||||
The 80% rule |
5 mins | ||||||||||||||||||||
Results test |
8 mins | ||||||||||||||||||||
Unrelated clients test |
5 mins | ||||||||||||||||||||
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Employment test |
5 mins | ||||||||||||||||||||
Business premises test |
7 mins | ||||||||||||||||||||
Obtaining work through an agency |
5 mins | ||||||||||||||||||||
Apply for a personal services business determination (PSBD) |
3 mins | ||||||||||||||||||||
What to do when the PSI rules apply |
2 mins | ||||||||||||||||||||
What to do when the PSI rules apply: claiming deductions |
11 mins | ||||||||||||||||||||
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What to do when the PSI rules apply: how to attribute PSI |
8 mins | ||||||||||||||||||||
What to do when the PSI rules apply: PAYG |
18 mins | ||||||||||||||||||||
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What to do when the PSI rules apply: completing your tax return |
4 mins | ||||||||||||||||||||
What to do if the PSI rules don’t apply |
3 mins | ||||||||||||||||||||
Record keeping for PSI |
1 mins | ||||||||||||||||||||
Help for PSI |
1 mins | ||||||||||||||||||||
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Case study: instructions |
1 mins | ||||||||||||||||||||
Case studies: sole trader |
11 mins | ||||||||||||||||||||
Case studies: partnership |
12 mins | ||||||||||||||||||||
Case studies: company |
12 mins | ||||||||||||||||||||
Case studies: trust |
12 mins | ||||||||||||||||||||
Related courses |
1 mins | ||||||||||||||||||||
Course Feedback |
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