James is a qualified welder who has commenced business on 1 July 2019. James is contracted by Big Projects Pty Ltd to provide welding services for a period of 12 months on a new project. The contract requires that the work must be done by James personally but Big Projects will supply all the tools needed and James will be paid on an hourly basis of $50 per hour. James will not be liable to rectify any defects in the work, but Big Projects can terminate the contract if the work is not satisfactory. James does not have any other clients for the year ended 30 June 2020. Do the personal services income rules apply to James?

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The Answer of James is a qualified welder who has commenced business on 1 July 2019. James is contracted by Big Projects Pty Ltd to provide welding services for a period of 12 months on a new project. The contract requires that the work must be done by James personally but Big Projects will supply all the tools needed and James will be paid on an hourly basis of $50 per hour. James will not be liable to rectify any defects in the work, but Big Projects can terminate the contract if the work is not satisfactory. James does not have any other clients for the year ended 30 June 2020. Do the personal services income rules apply to James?

James Is a Qualified Welder Who Has Commenced Business on 1