Miscellaneous 2020

What is the current framework for structuring professional practices?

Source: New South Wales

Published Date: 11 Mar 2020

 

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This paper covers:

  • income from personal exertion versus income from property
  • reconciling the ATO view with the legislation
  • PSI rules and professional practices
  • a milestone moment - service entities
  • the second milestone - ATO interest on income earned in so-called partnerships
  • Everett assignments
  • incorrect implementation of restructures
  • professional standards and regulations
  • no goodwill partnerships
  • ATO view: Alienation of income through discretionary trusts.

Individual Session

What is the current framework for structuring professional practices?

Author(s): John Ioannou CTA

Details

  • Published By: John Ioannou CTA
  • Published On:11 Mar 2020
  • Took place at:International Convention Centre, Sydney

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