Am I a Personal Service Provider for Tax purposes?
By Marc Sevitz · Updated
I render the services for my CC personally and more than 80 percent of the fees received by the CC are received by one client. Would my CC be regarded as a personal service provider even though I earn 700,000 separately in my personal capacity?
Yes, the PSP is not related to income levels including personal capacity. So your CC, as a separate entity needs to be considered as a independently and therefore based on the information provided you will be considered a PSP.
Thanks for your help Tim :-)
Only a pleasure!