The changing professional environment, partly resulting from trade practice changes enables various professionals to conduct their business through trusts or other structures.
The use of service trusts has been affected by the ATO rulings and guidelines but does this matter? These seminar materials explore other options now available to professionals conducting their business and allow you to determine whether your professional clients are in the correct structure. Should they change? How should they be set up?
Other factors taken into account in this session included:
- professional practice goodwill
- consolidators/listings
- business structure: The time of the 'Trust'
- statutory reform and restructure in the professions
- payroll tax on distributions from trusts
- Work Choices law
- contractor vs employee
- professional negligence
- statutory PI cover
- bankruptcy laws
- stamp duty
- superannuation.