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Professional Firms

Tax

Allocation of professional firm profits and PCG 2021/4 – how risky are you?

Bruce Collins, May 9 2022

This article was originally posted on CCH iKnow prior to a webinar hosted by CCH Learning on the topic. Taxation of members of professional firms has presented philosophical and tax administration problems for decades around the nature of profits/gains and on the ability to “alienate” income to associates (especially those with lower tax rates) -...

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