Home
Business Links
Small Business Events Starting a Business
Business Planning
business.gov.au
e-Business
Small Business Newsletter
Helpful Hints
Small Business Clubs
Small Business Directory
DO YOU HAVE AN ENQUIRY?
If you would like to ask us any kind of Business Enquiry, simply submit the form found here.
HELPFUL HINTS
To find out a number of easy ways to make your business run smoothly click here.

DISCLAIMER
Any representation, statement, opinion or advice, expressed or implied in the material contained on this website is made in good faith but on the basis that the Regional Development Australia, Illawarra, its agents and employees are not liable (whether by reason of negligence, lack of care or otherwise) to any person for any damage or loss whatsoever which has occurred or may occur in relation to that person taking or not taking (as the case may be) action in respect of any representation, statement or advice referred to above.

What are my taxation obligations?

Your taxation obligations

As a contractor, you may have to pay tax at a different rate to employees. You may also have to arrange to pay your own tax.

Personal Services Income (PSI)

PSI is income that is mainly a reward for personal efforts or skills, and can affect your tax obligations as a contractor. To find out how PSI will affect your tax return, use the following Tax Office resources.

What to do...

Visit the Contracting essentials page on the Tax Office website or phone 13 28 66.
Obtain the Tax basics for small business booklet from the Tax Office website or phone 13 28 66.

This information is brought to you by business.gov.au and Illawarrra Small Business Assistance
business.gov.au - Your business gateway to government information and services

Back to main business information page