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2021 Local Tax Club Series – Professional firm profits - The ATO's proposed new approach (Melbourne)

Published on 20 May 2021 | Took place at Leonda by the Yarra, Melbourne, VIC

The ATO has released a draft of its long awaited replacement guidelines for allocation of professional firm profits. This event went through the draft guidelines.

Individual sessions

Professional firm profits – the ATO’s proposed new approach

Author(s):  Michael PARKER

This presentation covers:

  • the gateways professionals need to meet before the guidelines apply
  • the ATO's proposed risk assessment framework
  • when the guidelines will commence to apply
  • proposed transitional arrangements for professionals needing to reorganise their arrangements in order to reduce their level of compliance risk.
Materials from this session: