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26 June 2024

Podcast: TaxLand with Fletch and Sarah – Part IVA and profit allocations in professional firms

In this episode of TaxLand with Fletch and Sarah, we are honoured to welcome special guest Michael May, barrister from Level 27 Chambers. We delve into the ATO’s PCG 2021/4 compliance approach to profit allocations in professional firms and Michael shares his expert perspective on Part IVA following the Full Federal Court’s decision in Minerva Financial Group Pty Ltd v Commissioner of Taxation – all set in a world where chocolate Labradors and aliens coexist.

In this episode of TaxLand with Fletch and Sarah, we are honoured to welcome special guest Michael May, barrister from Level 27 Chambers. We delve into the ATO’s PCG 2021/4 compliance approach to profit allocations in professional firms and Michael shares his expert perspective on Part IVA following the Full Federal Court’s decision in Minerva Financial Group Pty Ltd v Commissioner of Taxation – all set in a world where chocolate Labradors and aliens coexist. Travel to TaxLand with us via Spotify or Apple Podcasts to learn more.

⁠View the diagram referenced in the episode.

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Fletch-Heinemann
Fletch Heinemann
Partner
Sarah-Lancaster-web
Sarah Lancaster
Partner

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