Jan 2022 Tax Round Up -  Profits of Professional Services Firms guidance finalised

The final guidance on the Profits of Professional Services Firms has been released confirming the start date of the new approach on 1 July 2022.

Members, download the full Jan 2022 Tax Round Up (login first) from the member-only website. To see what Knowledge Shop membership offers, call the team on 1800 800 232 or take an online tour.

Inside this month Michael Carruthers (Tax Director, Knowledge Shop), Matthew Tse (Tax Adviser, Knowledge Sop), and Lisa Armstrong bring you:

• The final guidance on the Profits of Professional Services Firms confirming (1 July 2022 start date).
• The new fact sheet ATO fact sheet on the tax treatment of transfers from foreign superannuation funds; and
• The ATO’s decision impact statement on the Addy case (“Backpacker case”)

Hopefully the last video filmed working from home! 

The Knowledge Shop membership can help you and your team keep ahead of change with an advisers' help desk, workpaper knowledge base, quarterly PD, and more - wherever you are and however you are working. Book in a time for a tour or call Clare on 1800 800 232.