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Personal services income

Discussion in 'Accounting, Tax & Legal' started by rumoid, 2nd Mar, 2008.

  1. rumoid

    rumoid Member

    Joined:
    6th Sep, 2007
    Posts:
    18
    Location:
    nsw
    Hi all

    A quick query hopefully

    From what I understand the contracting work that I do is classed as PSI income(it is for one client, and I am paid per day). What I am wondering is can I still be under the sts scheme and gain from the entrepreneurs tax offset or am I excluded?

    Thanks in advance

    rumoid
     
  2. MattR

    MattR Well-Known Member

    Joined:
    23rd May, 2007
    Posts:
    229
    Location:
    Sydney
    Yes, you can get the ETO as long as all other factors are OK eg. turnover<$75K