Last Updated: May 2026
Rake. provides financial reporting, Goods and Services Tax (GST) calculations, and Personal Services Income (PSI) assessments for informational purposes only. The Software does not provide financial, legal, or tax advice.
While the Software calculates expected GST based on your invoicing, it does not replace official Business Activity Statement (BAS) reporting software. You must independently verify all figures before lodging documents with the Australian Taxation Office (ATO). We are not a registered tax agent.
The PSI assessment tool within Private Pro relies on self-reported data and simplified criteria based on general ATO guidelines. It is not a substitute for a formal ATO ruling or professional accounting advice regarding whether you operate as a Personal Services Business (PSB).
We strongly recommend consulting with a registered tax agent or accountant in Australia to ensure your specific business structure, contracts, and operations comply with local tax laws.