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ARTICLE · 07 OCTOBER 2015

Professional practice restructures: the ATO Commissioner on the warpath?

Cooper Grace Ward
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The ATO crack-down on company and service trusts has resulted in the recent restructure of many professional practices.

AustraliaLaw Practice Management
Greg Cahill
Greg Cahill
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The ATO crack down on service trusts and the changes in legislation that allowed accountants and lawyers to practice in company and trust structures resulted in the restructure of many professional practices.

Recently restructured practices are a likely target for ATO reviews and audits. This paper identifies some of the main issues on which the ATO appears to be focusing when reviewing practice restructures and looks at how to deal with them if and when an audit eventuates.

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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