Labour Hire Company + Personal Services Income (psi)

Melinda Jane Koth

I have a client who is a Labour Hire Firm.

They have Labour Hire Staff who are placed with Third party employers.

We pay the Labour Hire Staff based off time sheets from the third party employers

We need to issue PSI Payment Summaries NAT 72545 forms at end of financial year.

How do we do this in Reckon Hosted ?

Unknown

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Datarec

Hi Melinda,

The following may be relevant to your enquiry:

https://www.reckon.com/au/glossary/personal-services-income/

https://www.reckon.com/au/small-business-resources/tax/taxable-payments-annual-report/

You can also refer to the Partner Search page to locate accounting professionals in your area who may be able to assist with further specific consultation.

https://partnersearch.reckon.com/results/?fwp_country=australia&fwp_type_=reckon-accounts-hosted