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All posts tagged professional contractors

Can I use a Company or Trust to take Contracting Income?

Posted on February 18, 2021 by Raj Sesha in contractors with Comments Disabled

Professional contractors ask us if there are any benefits in setting up a Company or Family Trust and bill the agency or client for their contracting revenue. The answer to the above lies in understanding the Personal Services Income legislation (PSI). This question is not about status as ‘Contractor’. Even though you may meet all the criteria of Contractor and fit the definition of Contracting, this is about how the ATO treats the payments made for tax purposes – as business income or personal income. You need to earn Business income to reap any benefits from
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Time to Break FREE….. from that Contractor Management Company going into voluntary administration – GLANCE this way, walk this way!

Posted on March 13, 2014 by Elaine McKelvey in contractors with Comments Disabled

Choosing the Right Contractor Management Company

Calling all contractors…

Has your contractor management company gone into voluntary administration?
Are you experiencing late payments or even worse missing payments?
Are you unhappy with your current provider?

Don’t be pulled under with your contractor management company! It’s time to break FREE and GLANCE to a more stable contractor management provider.

This announcement comes as a large contractor management company has gone into voluntary administration due to immense financial difficulties, which has had a knock on affect to their contractor base; through lack of payments.
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