Allocation of profits within professional services firms

The ATO recently published the long awaited draft revision of the Practical Compliance Guideline for the allocation of profits by professional firms.

With many layers of complexity and a short transition period – as it's planned to take effect from 1 July 2021 – it's more important than ever to review your approach.

Watch our webinar to understand how your organisation and professionals will be affected, and key areas of exposure, including implications for existing arrangements, forecast income distributions, and adjusting to the relevant Gateways and Risk Assessment Framework.

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