PSI Versus PSB - April 2025 (3 Hours of CPD)

Following the introduction of the PSI regime in 2000 there was widespread acceptance that if you passed the PSI tests and were a PSB that you could stream your professional income. 

More recently the ATO has released a number of rulings that have talked about streaming income whether under the PSI regime or as a PSB. 

Their views are certainly not in line with the overall view of the accounting industry.  So it is certainly time to revisit all the rules around streaming professional services income whether you are a PSI or a PSB or even a professional practice

In this masterclass, Peter will take you through all the old rulings that are still applicable today as well as the more recent rulings regarding PSI, PSBs and streaming professional practice profits.  This is essential learning for all accountants as it covers the latest thoughts of the ATO.

 Specifically, this Masterclass will cover:

• Draft PCG 2024/D2 on Part IVA and PSBs
  
• Overview of the PSI rules and Taxation Ruling TR 2022/3
  
• ATO ruling on professional services firms PCG 2021/4 
  
• Risk assessment factors in practice
  
• Comparing professional practices that are PSI, PSB and where it is income from
• the business structure
  
• And much, much more...
  

What's Included?

• 3 Hours of CPD
• 90 Days of Recording Access (Unlimited Views) 
• Session Slides