ATO guidelines on professional practice structures
14 Oct 14 |
CCH TAX WEEK
Issue: Issue 36 12 Sep 2014
Pages: pp 1-3
The ATO has released practical guidelines on how it will assess the risk of professional practices, such as accounting and legal firms, making profit distributions to non-principals. The guidelines set some useful parameters for what the ATO considers high risk and low risk behaviour.
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Andrew O’Bryan, CTA, is a senior Tax Partner at Hall & Wilcox Lawyers. He has more than 35 years’ experience giving expert tax advice to private business and wealthy family groups. He has particular expertise in the tax aspects of succession planning and in managing complex disputes with the ATO.
- Current at
24 September 2018
Michael is a Partner in the taxation section of Hall & Wilcox Lawyers. His practice focuses on tax disputes, domestic income tax issues including CGT and Division 7A, business sales, acquisitions and restructures and GST. Michael has extensive experience handling a broad range of taxpayer disputes, including disputes concerning the Small Business CGT Concessions, having acted for the taxpayers in White v FCT  FCA 880, White v FCT  FCA 109 and Altnot v FCT  AATA 140, among other cases. Michael regularly consults to the Board of Taxation and Treasury including in respect of Division 7A, small business impediments and the small business CGT Concessions. He is a regular presenter for The Tax Institute.
- Current at
06 August 2018