Tag: contractors

blank

Working from home expenses

  • On March 26, 2020
With social distancing policies in full force in Australia due to COVID -19, a lot of employees are required to work from home. Working from home has its own challenges and it definitely leads to increased costs like electricity, heating, cleaning, Mobile etc.  But thankfully, you are entitled to claim expenses incurred because of working […]
blank

Do you run your business from home?

  • On December 10, 2019
ATO has issued some new guidance to businesses claiming home office expenses for home-based businesses. What are Home-Based Businesses? A home-based business can be run at home like a boutique or from home like an electrician who visits the client’s site but does all the admin work from home and stores tools etc. Home Office Expenses Normally, if you […]
blank

Personal Services Income. What is it?

  • On November 29, 2019
This article aims to cover Personal Services Income (PSI) issues faced by contractors, freelancers, medical professionals etc. Though Personal service income act has been in existence for a while, it is still a deeply misunderstood tax act. The article starts by explaining what PSI is and why was it introduced. Then it goes onto cover PSI rules […]