- Does your client base include professional practices (lawyers, accountants, medical practitioners, architects etc)?
- Are you aware of the current state of play when it comes to the ATO attitude to what can and can't be done from a structuring and restructuring perspective?
- Are you perhaps considering restructuring your own practice because of the admission or retirement of equity participants and want to know what issues should be considered?
- This session took practitioners through a practical based journey outlining what needs to be known about structuring for professional practices including:
- the current ATO position on practice structures and service entities and whether their position is open to challenge
- how to identify whether there is 'goodwill' to be concerned with from a duty and tax perspective
- what structures to choose if you are starting from scratch
- what issues to consider when choosing to restructure.