2014

Professional Practices

Source: QLD

Published Date: 24 Sep 2014

 
Now that the dust has settled on Taxpayer Alert TA 2013/3, it is time to take stock and look in the mirror. Unless you practise in your own name, then the Taxpayer Alert is the catalyst to review your practice structure, as well as any service entity arrangements. This must be done prior to the announced and keenly expected ATO audit activity.

As the Commissioner gets more active in the audit and enforcement area, it remains important for professionals to be aware of the impact of a sec 264 notice on their practice and on their clients. Complying with a notice is a time consuming and extensive exercise - but the damage can be minimised if you know what to look for!

If the worst happens, you need to look to your defences. Does your PI policy really protect you? These and a myriad of other hot issues in professional practice were covered in this event.

The pitfalls of practice

Author(s): David Hughes CTA

Professional structures

Author(s): David W Marks KC CTA

When the Commissioner comes knocking - Access and information gathering powers

Author(s): Sarah Blakelock

Setting the scene: Available structures for professional practices

Author(s): Dean Steer FTI

Details

  • Published On:24 Sep 2014
  • Took place at:Queen Street, Brisbane

The material is copyright. Apart any fair dealing for the purpose of private study,

research critisism or review, as permitted under the copyright Act, no part may be rerpoduced by any process without written permission from The Tax Institute.

Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

This material is copyright. Apart from any fair dealing for the purpose of private study., research, critisism or review, as permitted under teh copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.

Unless expressly stated, opininons are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

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