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Hi Kalmsg, There are no tax benefits to the Directors, as any...

  1. DJ1
    3,541 Posts.
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    01/10/10
    16:38
    Post #: 7270607
    Hi Kalmsg,

    There are no tax benefits to the Directors, as any income paid to a company for consulting is considered personal services income (PSI). All the PSI must be then distributed to the Director as a wage from his private company - the rules as per the ATO. I know of a few people caught out by these rules that have to clear out all the income before year end. No tax at 30% unfortunately!
    KEY Price at posting: 4.1¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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