Are you an Independent Contractor?

Would you like to reduce the administrative burden associated with running your own business, plus keep more of your hard-earned money in your pocket?

We can help.

Independent Contractor Services Australia (ICS) provides specialist administrative, taxation and compliance solutions for Independent Contractors who meet the criteria set out under the Federal Government’s PSI Legislation.

These solutions are provided to you within the unique ICS structure – an all-encompassing operating structure that can deliver significant financial benefits to your business.

How does the ICS structure work?

ICS acts as a discretionary trust that earns business income from a number of different sources i.e. your clients. As an independent contractor, you then become the beneficiary of this trust and receive a regular gross profit share as “income”.

Discretionary trusts are completely legitimate business structures. In fact, there are thousands of discretionary trusts operating in Australia, providing financial advantages to many business owners.

What are the benefits of the ICS structure?

  • Streamline your business administration, saving you valuable time and money
  • Minimise your tax liability and keep more money in your pocket
  • Complete tax and insurance compliance
  • No need to set up a costly corporate and/or trust structure
  • No need to register for GST or complete quarterly BAS returns
  • Receive gross income, meaning there’s no immediate deduction for income tax
  • Enjoy the ability to share income with your spouse, children, company, partnership
    or trust

About ICS

With over 40 years experience in providing financial and consulting services, ICS offers additional support services such as tax planning, wealth management and discounted insurance policies for Professional Indemnity, Public Liability, Death and TPD, and Group Accident and Illness.

Like to know more? Call 0401 651 835 or visit www.icsaustralia.com to discover how the ICS structure can help your independent contracting business save time, money and effort.