The Riskier Side of Allocating Profits Within Professional Firms
By Steve Burnham Now and then the ATO issues guidances on how its general anti-avoidance legislation can apply to professional firms that allocate profits to individual professional practitioners with proprietorship in the firm. Firms potentially affected include those providing services in the accounting, architectural, engineering, financial services, legal and medical professions and many more. Guidelines […]
by Dee Estaniel
March 28, 2018