How to approach business structures and restructures in 2021
Tax Paul Gray Tax Paul Gray

How to approach business structures and restructures in 2021

COVID-19 has taught us to expect the unexpected. Australians are generally positive people with a ‘she’ll be right’ attitude to all aspects of life including in business. However, COVID-19 has caused many people to question that attitude and as a result many are now understanding the importance of planning for the worst-case scenario.

Read More
The Allocation of Profits by Professional Firms: Further Hurdles to be Overcome for IPPs
Tax Rob Warnock Tax Rob Warnock

The Allocation of Profits by Professional Firms: Further Hurdles to be Overcome for IPPs

The Australian Taxation Office (ATO) has released guidelines which set out the ATO’s proposed compliance approach to the allocation of profits by professional firms. The Draft Practical Compliance Guideline PCG 2021/D2 Allocation of professional firm profits – ATO compliance approach (Draft PCG) make substantial changes to the former guidance that the ATO suspended in late 2017.

Read More