Business and professional items

How to complete the business and professional items section of your return using myTax.

Last updated 28 July 2016

We have pre-filled your tax return with information from the Personal services income toolThis link opens in a new window.

This section must be completed if either of the following selections were made at Personalise return:

Personal services income

Personal services income (PSI) is income that is mainly a reward for an individual’s personal efforts or skills.

Examples of PSI are:

income of a professional practitioner in a sole practice
income payable under a contract which is wholly or principally for the labour or services of a person
income derived by a professional sportsperson or entertainer from the exercise of professional skills
income derived by consultants from the exercise of personal expertise.

PSI does not include income that is mainly:

for supplying or selling goods, for example, from retailing, wholesaling or manufacturing
generated by a significant income-producing asset, such as a bulldozer
for granting a right to use property, for example, the copyright to a computer program
generated by a business structure, for example, a large accounting firm.

Having difficulty finding a Main business or professional activity description?

If you are, we recommend you take the following steps:

Enter your activity into the Business industry code search toolThis link opens in a new window
From the search tool results, click on the link for the most appropriate description for your activity.
From here, you will see a number and a bolded description (for example 69320 Accounting Services). Enter this bolded description at Main business or professional activity in myTax.
1. There are a limited number of bolded descriptions from the Business industry code search tool that are not listed in myTax. If this applies to you, use the list below to determine what you should choose to enter at Main business or professional activity in myTax:

From the Business industry code search tool	In myTax
Nursery Production (Under Cover)	Nursery and Floriculture Production
Forestry	Forestry and Logging
Basic Organic Chemical Manufacturing	Basic Chemical Manufacturing
Computer and Electronic Equipment Manufacturing	Computer and Related Manufacturing
Waste Remediation and Materials Recovery Services	Waste Treatment, Disposal and Remediation Services
Other Agricultural Product Wholesaling	Agricultural Product Wholesaling
Clothing and Footwear Wholesaling	Textile, Clothing and Footwear Wholesaling
Sport and Camping Equipment Retailing	Recreational Goods Retailing
Telecommunications Services	Wired Telecommunications Network Operation
Taxi Service Operation	Taxi Service Operation (Owner Operator)
Taxi Driver	Taxi Driver (Except Owner Operator)
Superannuation Funds	Superannuation Funds or First Home Saver Account Trusts
Other Auxiliary Finance and Investment Services	Auxiliary Finance and Investment Services
Other Specialised Design Services	Architectural, Engineering and Technical Services

You need details of your main business activity, including your Australian business number.

See Business and professional items P1 Personal services income and answer the question Did you receive any personal services income?.
If you received personal service income, see Business and professional items P1 Part A and answer the remaining questions about your personal services income.
Complete the remaining fields and questions in this section. For further details see Business and professional items P2 to P7.

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