If you're operating as a sole trader, you report any PSI you've received in your individual tax return. You can do this online through myTax or via a registered tax agent.

If you're using myTax to lodge your tax return, you need to complete the PSI section.

You may also need to complete the Business payment summaries section.

If you're required to complete the Business and professional items schedule, you cannot lodge a paper tax return.

If you operate through a company, you need to report any PSI the company received in your Company tax return.

When lodging your company tax return, you need to complete:

• Item 6 Calculation of total profit or loss and include all personal services income and related expenses
• Item 14 Personal services income (if you answer no at N for this item, you’re finished with this question).

If you operate through a partnership or trust, you need to report any PSI received by the relevant entity on either a Partnership tax return or a Trust tax return.

When lodging your partnership or trust tax return, you need to complete:

• Item 5 Business income and expenses and include all personal services income and related expenses
• Item 30 Personal services income (if you answer no at N for this item, you’re finished with this question).

These items are the same for both partnership and trust tax returns.