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Like a lot of news, the impact hits on first announcement, then as time goes on there is always plenty more going on to take our attention. The ATO’s issuing of its compliance approach to the allocation of professional firm profits could well fall into this category. Issued during

Date/Time

Wednesday 4th October 2023
Vic, NSW, ACT, Tas: 11am to 12pm
Qld: 10am to 11am
SA: 10:30am to 11:30am
NT: 9:30am to 10:30am
WA: 8am to 9am

About the Webinar

Like a lot of news, the impact hits on first announcement, then as time goes on there is always plenty more going on to take our attention. The ATO’s issuing of its compliance approach to the allocation of professional firm profits could well fall into this category. Issued during 2021, there has since been plenty of tax guidance material on other matters to more than fill a tax practitioner’s mind. However, whilst the ATO indicated transitional arrangements can apply in some cases, now is the time to ensure both your own house and that of relevant clients are in order, including:

  • Which industries, services and arrangements do the guidelines apply to?
  • The “gateways” and what is required to pass through them, including:
    • action to take if “gateways” tests cannot be passed
  • How to assess a firm’s risk rating
  • ATO’s compliance approach based on the various risk levels
  • ATO have indicated the starting point for a review of an arrangement will be reviewing supporting “contemporaneous” documentation:
    • what type of documentation should you be retaining
  • With recent ATO success using Part IVA, is this now a more potent weapon of choice to use against certain professional firm arrangements?
  • How would Phillips (TR 2006/2, IT 276) be placed if he applied PCG 2021/4 to his practice arrangements?
  • Practical examples

Presented By

Sarah Lancaster
Partner, Cooper Grace Ward Lawyers Brisbane, QLD

Sarah provides advice and acts for clients in a variety of disputes with the Australian Tax Office and Office of State Revenue. She also acts for clients in a range of customs disputes.

Sarah’s technical experience includes representing taxpayers in disputes involving, income tax, international tax, GST, payroll tax, stamp duty and customs duty. Drawing on a background in commercial litigation, Sarah brings particular experience in evidentiary issues relevant to disputes when acting for clients during the audit and objection processes and appeals to the Administrative Appeals Tribunal, Queensland Civil and Administrative Tribunal, Supreme Court of Queensland and Federal Courts.

Who Should Attend?

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

CPD Certificate

Registered live webinar delegates will receive a CPD certificate for attendance at this webinar. Accountants can claim up to 1 CPD/Training hour. This webinar has been designed to run for 1 hour, however, webinar lengths can vary depending on the level of questions and discussion.

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

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