Are you selling a product or a service? PSI rules
Overview:
Offering services instead of product means your clients are most likely pulled into the PSI regime. With these rules being extremely technical, knowing the right treatment and disclosures are important to comply with the regime. The ATO are placing the employer/employee relationship under more scrutiny with increased data collection, like STP.
Lisa Greig will provide a refresher on the basics of PSI and then delve into how to practically apply the regime and associated disclosures, including the impact of STP.
Many examples, cases and tax rulings will be used to illustrate concepts.
Testimonial:
"Lisa was great - very precise and informative."
Topics Covered
- What is PSI?
- Why are there PSI rules?
- What are the rules and how do they apply?
- What is the outcome if my client has PSI?
- What happens if my client has PSI but pass any of the tests?
- How do you make the correct disclosures in the tax returns?
- When does PSI need to be reported under STP?
Benefits / learning outcomes:
By the end of the webinar, you will be able to apply the PSI regime for your clients and ensure you understand your compliance obligations for your clients.
Recommended for
Any members that require a refresh on the PSI rules and how to apply these rules and disclosures for their clients.