Recorded Webinar: Distributing Profits within Professional Practices: The Commissioner Strikes!

 

2nd November 2018

Duration:  approx. 2 hours

 ABOUT THE WEBINAR
Interpretation of ATO guidelines on distributing profits within professional firms has been wide ranging and often creates high-risk situations.  Recently, the Commissioner has changed his spots and is being tougher on the proportion of total practice income which ends up in the professional’s hands personally.  This session examines the guidelines, recent changes in this area and the correct interpretation:

  • The current ATO position – pre-and post 14th December 2017
  • Everett assignments – are they still on?
  • Allocation of profit arrangements that are of high risk
  • When will income generated be personal services income
  • Criteria for classifying a practice as high or low risk from an audit perspective:
    • satisfying the equivalent remuneration test
    • satisfying 50% remuneration test
    • satisfying 30% effective tax rate test
  • What will heighten the risk of audit?
  • Case studies – Audit checklist for high-risk behaviour
 PRESENTER
Our presenter

Anna Wilson, Barrister, Melbourne

Anna Wilson specialises in tax and commercial law. She acts for the Commissioner and the taxpayer in both State and Federal jurisdictions. Her practice extends to tax and structuring advice, tax investigations and audits, private rulings, objections, through to tax litigation and alternative dispute resolution. Anna is also developing a practice in tax and white-collar crime.

Anna has extensive experience as a tax and commercial specialist in large law firms having worked for over 10 years with Norton Rose Fulbright, including 15 months in Munich, Germany and two years with Gadens in Melbourne. She commenced her legal career working mainly in property law before concentrating on tax from 2008.

Anna obtained her law and science degrees (majoring in mathematics and physics) from Monash University and has a Masters of Taxation Law from Melbourne University, where she was awarded the Graham Hill Taxation Law prize.

Anna has a special interest in residency for tax purposes, employee share schemes, self-managed superannuation funds, limited recourse and other borrowing arrangements involving SMSFs, insolvency and bankruptcy, estate and succession planning, trusts, charitable structures, income tax exempt and deductible gift recipient endorsements as well as State taxes, particularly stamp duty and land tax.

 WHO SHOULD ATTEND?

This webinar is suitable for accountants and lawyers advising in taxation matters – Australia wide. This webinar is for practitioners with some knowledge in this area and looking to improve their knowledge.

 ENQUIRIES/ASSISTANCE
If you need assistance or have an enquiry, please do not hesitate to contact our Webinar Coordinator, Lisa Tran on (03) 8601 7709 or email: lisa@tved.net.au
Product Code: WBANOV18
 Price:  $264.00 (Inclusive of GST)
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