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Personal service entities: do they still work? presentation

Published on 04 Aug 05 by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE

The Personal Services Income (PSI) regime was introduced to deal with the alienation of personal services income in closely held entities. However, with any new regime there can be ways out of the mire. This presentation considers the potential pitfalls that may still arise and the other related issues for closely held personal service entities...even if the PSI regime can be overcome. The main points discussed in depth are:

  • application of part IVA
  • overview of recent cases and other developments
  • audit activity by the ATO
  • useful guidelines and tips.

Author profile:

Paul Lyon ATI
Paul is a Tax Partner with BDO in Sydney. His main practice area is in corporate and international tax and he advises a number of private and public companies with their tax affairs. Paul has been part of an expert panel providing assistance to the Board of Taxation and has sat on a number of ATO sub-committees. In terms of technical development, Paul has presented at Tax Institute and other professional institute seminars on a wide range of tax topics. Current at 16 October 2014 Click here to expand/collapse more articles by Paul LYON.
 

This was presented at Personal Service Entities: Do they still work?.

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Individual sessions

August 2005 Tax Update

Author(s):  Alison STEVENSON

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