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Notes Online Home 2023 Tax Schools Day 2 Taxation of professional clients
In this chapter of the notes, we discuss taxation of professional clients, more broadly:
- Correctly classifying professional services income for tax purposes
- Traps and tips associated with professionals who are subject to the PSI rules
- Dangers and opportunities where professional clients carry on a personal services business
- NEW ATO guidelines on professional services income derived from a ‘business sturcture’
- Common questions and answers associated with professional clients