The ATO has released draft Practical Compliance Guidelines (PCG 2021/D2) setting out how it proposes to look at and treat the way professional services firms allocate profits to individual practitioners. Once finalised, the revised guidelines will apply from 1 July 2021.
For a breakdown on the new draft and the risk factors, view ATO releases new draft guidelines on the allocation of profits by professional services firms technical article.
The information presented in this webinar was accurate at the time of recording, 2 May 2021.
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