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Are you an employee or contractor?
The ATO has recently put together some tools and comprehensive information to assist businesses and individuals to work out whether they are an ‘employee’ or ‘contractor’. Links to the tools and information are below.
If you are unsure about whether you are an employee or contractor, or whether you could be a contactor rather than employee, it is a good idea to have a look through the information now on the ATO website and talk to McKinley Plowman about your particular circumstances.
TIP
Just because you have an ABN and have given it to the person for whom you are doing work doesn’t necessarily make you a contractor. Therefore, it is a good idea to be clear on what your status is (ie “employee” or “contractor”) to ensure the right amount of tax is being withheld from payments made to you and superannuation guarantee payments are made on your behalf if you are in fact an employee.
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