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  • Strategic Tax Planning Day 2021 – Practice Management: ATO Guidance on Profit Allocations

Strategic Tax Planning Day 2021 – Practice Management: ATO Guidance on Profit Allocations



One of the more controversial releases from the ATO in recent years, PCG 2021/D2 is the latest warning from the ATO to professional services businesses engaging in what the ATO deems to be non-commercial structuring and over-zealous profit splitting.

In this session, attendees will learn to practically apply the concepts within PCG 2021/D2 to their own as well as client’s professional services businesses.

This session explored the key aspects of Practical Compliance Guide 2021/D2 and.

  • Discusses the transitional rules and determine if they apply to a professional services practice
  • Discusses how the ‘bands’ within the PCG operate and determine the ‘score’ for a principal of the professional services practice.
  • Discusses the implications of falling within any of the ‘low’, ‘moderate’ or ‘high’ risk categories
  • Discusses plans to live within PCG 2021/D2.
  • This session was recorded May 2021, as part of the Strategic Tax Planning Day 2021

    Craig Jackson

    Tax Controversy Partner, Ernst & Young


    EVENT DETAILS


    Topic: Financial Advisory and Superannuation, Tax

    Sub-Topic: Business Tax, Employment Taxes - PAYE, PAYG & FBT, GST, Income Tax, Tax Administration

    Format: Recorded Webinar

    Proficiency Level: Intermediate, Advanced

    CPD: Upto 1 hours