For many years the Australian Taxation Office (ATO) has been concerned that an insufficient portion of the profits of professional firms have been taxed in the hands of the firm’s partners. Instead, those profits have been distributed to related entities of the partner who are on lower tax rates, thus...
Read More >
ATO finalises approach to the allocation of professional firm profits
By William Buck on 17/05/21 - Mins to read: 5 minutes