Equipping professional accountants for sustainability
The International Federation of Accountants has developed a concise resource to guide accounting professionals and...
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The ATO has reminded professionals including accountants to review their profit allocation arrangements, with a new compliance approach applying from July 2022.
In December last year the ATO released Practical Compliance Guideline 2021/4, which applies to arrangements where taxpayers redirect their income from a business or activity to an associated entity and that income includes income from their professional services.
Read more at SMSF Adviser