ATO – ‘Business Activity’

This is a quick update about one of the myTax questions that I mentioned in this post. It was one of the questions I ‘guessed’.

The question occurs in the section under PSI, or Personal Services Income, and asks for the:

‘Number of business activities’

Nowhere on the ATO website is there a definition of what ‘business activity’ actually means. Thanks to the very knowledgeable and patient lady I spoke to this morning, I can now tell you that for Sole Traders, the question refers to the number of people/companies you have worked for.

So, for example, if you work for ten different people/companies during the course of a financial year, the number of ‘business activities’ to report is…tah dah…10!

You’re welcome. πŸ™‚

Meeks

About acflory

I am the kind of person who always has to know why things are the way they are so my interests range from genetics and biology to politics and what makes people tick. For fun I play online mmorpgs, read, listen to a music, dance when I get the chance and landscape my rather large block. Work is writing. When a story I am working on is going well I'm on cloud nine. On bad days I go out and dig big holes... View all posts by acflory

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