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. 🙂