Fletch Heinemann is one of the partners in Cooper Grace Ward’s tax team. He specialises in tax disputes and litigation. Fletch’s technical specialisations include income tax, GST, payroll tax and customs duties. In managing clients’ tax and customs disputes, Fletch helps with the audit stages, ATO interviews, notices of objection, appeals in the AAT, QCAT, Federal Court and Supreme Court. Fletch draws on this experience to provide upfront practical tax advice across a range of commercial issues.
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Individual Podcasts
Taxing Profits from Professional Services
The ATO has made clear its approach on how profits from professional services are to be taxed, in the form of practical compliance guideline PCG 2021/4. With the guidelines applying from 1 July 2022, this session provides a timely reminder of the issues to consider, including:
PRESENTED BY
Fletch Heinemann
Partner -
Cooper Grace Ward Lawyers
, Brisbane
Date/Time
About the Podcast
The ATO has made clear its approach on how profits from professional services are to be taxed, in the form of practical compliance guideline PCG 2021/4. With the guidelines applying from 1 July 2022, this session provides a timely reminder of the issues to consider, including:
- Which industries are covered by the guideline?
- How to determine if income from a professional firm is subject to the professional services income regime and not PCG 2021/4
- What are the two gateways that need to be passed to rely on the guidelines and what action to take if they are not passed?
- How to risk assess an arrangement
- Records that should be maintained to satisfy self-assessment of an arrangement
- How the ATO’s service entity arrangement guide (QC 20302) and IT 2503, for medical and other professional practices, interact with PCG 2021/4
- How the ATO is targeting its compliance resources
- Case studies
Presented By
Fletch Heinemann
Partner, Cooper Grace Ward Lawyers Brisbane, QLDCPD Information
30 minutes
0.5 CPD hours/units/points
WA Lawyers – TEN is unable to verify that you have earned CPD for this product as we cannot verify that you have listened to the podcast which is a requirement of the LPBWA. TEN is an accredited provider.
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