There is still no clarity from the Victorian and/or NSW Revenue Office as to the PRT treatment of service agreements widely used throughout the medical and allied health professions. In this article we summarise some recent developments and likely outcomes.
ATO reviews and audits in the SME space closely scrutinise Division 7A. Despite being in existence for 25 years, errors are still commonly made in this area. As there is limited scope within Division 7A to rectify errors, it is crucial to get everything right the first time.
Webb Martin Consulting is excited to announce that Neil Jones will be joining us as a consultant. Neil brings with him a wealth of experience with over 40 years in the tax industry. Having Neil on board provides us with added depth and experience to draw from when advising clients.
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