Examine the traps & pitfalls when structuring a professional services business, including a dive into recent Practical Compliance Guidelines (PCGs) & tax rulings, along with a case study example.
In this session, we cover:
• PCG 2021/4 - Allocation of professional firm profits
• TR 2006/2 - Deductibility of service fees paid to associated service entities (Service entity arrangements)
• Special rules for medical practice companies
• PCG 2024/D2 - Personal services businesses and Part IVA