Distribution of Professional Firm Profits - May 2021 (3 Hours of CPD)

The incorporation of professional practices has, for some years now, been accepted by the Australian Taxation Office as appropriate for income tax purposes in certain instances.

This masterclass covers the specific requirements laid down by the ATO in this regard and also highlights the key tax implications arising from the incorporation of professional practices, including some tips, traps and planning opportunities associated with it.

It covers:

• How to determine whether income is derived from personal services or business structure
• Rules around the PSI test
• What you need to know about the new PCG update
• Applying the gateway conditions in PCG 2021/D2 to determine whether the guidelines can be applied
• And much more...

What's Included?

• 90 Days of Recording Access (Unlimited Views) 
• Instant access to the recording and slides
• 3 hours of CPD + Certificate
  
• Included Q&A session