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  Miscellaneous 2005

Personal service entities: do they still work?

Source: New South Wales

Published Date: 4 Aug 2005

 

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.

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Author(s)

Individual Session

Personal Service Entities: Do they still work?

Author(s): Paul Lyon
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