Personal Services Income Flowchart and Allocation of Expenses Calculator

This calculator is the ultimate tool in understanding how Personal Services Income (PSI) and Personal Services Businesses (PSB) work.

Quick, simple and easy, it has the following features:

1. An interactive PSI/PSB flowchart that changes as you answer the questions! Use this tool to determine if your client is a PSI or PSB, then
2. Use the Accounting and Tax tabs to allocate the various expenses of the client across (B)usiness income, (C)ontracting income or (P)assive income, 
3. The allocation of expenses gives you seven different ways to choose to allocate the expense to the income, and 
4. It allows you to enter hyperlinks to source documents.

Done correctly, the result is the accounting and taxable net incomes for the individual earning the PSI/PSB.