Business income statements and payment summaries (bip)

To open the bip worksheet:

For Personal services income (PSI) (Item 14)

• click Item 14: label G, H or J in the tax return or

• at P1 - Personal services income (PSI) worksheet, click label M, N or O.

For business income (Item 15)

• Click label Label C, D, B, E, F N and O at P8 - Business income and expenses.

Outside the labels:

• Select Preparation > Schedule > Business income statements and payment summaries (bip)

• Go to Preparation > Schedule > Income details schedule > Enter Y at Section W - Business income statements and payment summaries.

You can use the ATO Pre-fill to download reports and check what the ATO has received from the employer. See What data pre-fills into Tax?

1. Open the bip woksheet.

2. Enter the Payer name and ABN.

3. Select Income type - Business or Personal Services.

4. Select Payment type

   1. 001 - Labour hire

   2. 002 - Other specified payments

   3. 003 - Voluntary agreement

   4. 011 - Foreign resident withholding

   5. 012 - No ABN quoted.

5. Enter the Industry production Type:
   

   1. N - Non-Primary production

   2. P - Primary production

6. Enter Tax Withheld, Gross payments, and reportable employer super contributions