Hi @ddzx you seem to be in the know. Ive just started to lodge my tax return and realise the ATO have a new thing this year called Personal Services Income (PSI) which effects the way you can claim deductions. Do you have a view on whether a FT Trader, classified as a trader for the last 2 FYs would fall under this category or not? The ATO's "tool" for deciding doesnt really relate to trading as far as I could tell.
Also, when I first went FT and my accountant at the time did my return he selected "Financial Asset Investing" as my business type and I cringed at the word investing. Is there a better options in the ATO's list for us traders?
