Professional practice structures: the Commissioner on the warpath?

29 September 2015 Topics: Tax and revenue, Tax disputes

The ATO crack down on service trusts and the changes in legislation that allowed accountants and lawyers to practice in company and trust structures resulted in the restructure of many professional practices.

Recently restructured practices are a likely target for ATO reviews and audits. This paper identifies some of the main issues on which the ATO appears to be focusing when reviewing practice restructures and looks at how to deal with them if and when an audit eventuates.

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