Where to enter subcontractor payments for PSI

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 · Accepted Answer

Deb_ATO · Answer

You're welcome. As a sole trader (https://www.ato.gov.au/individuals-and-families/your-tax-return/instructions-to-complete-your-tax-return/mytax-instructions/2024/income/sole-trader-and-business-income-or-losses-and-partnership-distributions/personal-services-income?path=myTax24PersonalServicesIncome#:~:text=This%20section%20relates,professional%20items%20section.) you'll still need to complete the business and professional items. The link I provided above are instructions on how you claim the exact expense you've got. An expense for labour and services provided under contract you made to a contractor. It can get a little tricky. If you prefer to use the personal service income tool (https://www.ato.gov.au/individuals-and-families/your-tax-return/instructions-to-complete-your-tax-return/mytax-instructions/2024/income/sole-trader-and-business-income-or-losses-and-partnership-distributions/business-and-professional-items#:~:text=We%20pre%2Dfill,.). We can prefill the info for you.

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