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Professional firm structuring & professional firm allocation of profits paper

Published on 28 Apr 21 by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE

This paper covers:

  • Structuring professional practices—ATO’s 2015 Guidelines (withdrawn in 2017)
  • Draft PCG 2021/D2
  • Worked examples & commentary.

 

Author profiles

Marg Marshall CTA
Marg Marshall, CTA, is a Partner at WLF Accounting & Advisory in Hobart. She has over 25 years’ experience in tax advisory at a technical level. Marg advises clients of all types from individuals to large, listed entities, specialising particularly in transaction and structuring advice, capital gains tax, not-for-profit tax concessions and deceased estates. She has been a member of the Tasmanian State Council since 2013. Marg is the Immediate Past President of The Tax Institute. She is also a member and past Tasmanian regional councillor of Chartered Accountants Australia and New Zealand. She regularly participates in tax law consultations and often presents for The Tax Institute. - Current at 24 May 2024
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Paul Banister CTA
Photo of author, Paul BANISTER Paul Banister, CTA, is a Chartered Accountant and a Partner at Grant Thornton in their Private Enterprise team in Brisbane. He has over 40 years’ experience working with clients in an array of industries to help them navigate through complex and potentially risky tax and commercial issues, including to address tax disputes. His expertise includes domestic and international tax planning, transaction advisory and support, superannuation structuring and advice, succession planning, estate planning and philanthropy. Paul has presented at many professional and business forums, both in Australia and internationally, and is a published author. Paul is the Vice President of The Tax Institute and was the recipient of The Tax Institute’s SME Tax Adviser of the  Year Award for 2016. - Current at 13 February 2026
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Gavin Favelle CTA
Gavin is a Technical Director with the ATO in the Private Groups and High Wealth Individuals segment. Gavin has significant experience both with the ATO and within accounting practices in structuring, Division 7A and capital gains tax, trusts and tax consolidations focusing on both the SME market and large businesses. - Current at 15 June 2022

 

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