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ATO singles out professional practices: Practical compliance guidelines (PCG 2021/D2)
Webinar

ATO singles out professional practices: Practical compliance guidelines (PCG 2021/D2)

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.
This content is general commentary only and does not constitute advice. Before making any decision or taking any action in relation to the content, you should consult your professional advisor. To the maximum extent permitted by law, neither Pitcher Partners or its affiliated entities, nor any of our employees will be liable for any loss, damage, liability or claim whatsoever suffered or incurred arising directly or indirectly out of the use or reliance on the material contained in this content. Pitcher Partners is an association of independent firms. Pitcher Partners is a member of the global network of Baker Tilly International Limited, the members of which are separate and independent legal entities. Liability limited by a scheme approved under professional standards legislation.
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