Tag Archives: PSI

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. đŸ™‚

Meeks


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