Professional Firms and Part IVA
Recorded 19 March 2026. Professional firms are firmly on the ATO’s radar for 2026. Learn how to navigate profit allocation rules, assess your risk rating, and protect your practice from Part IVA scrutiny.
This session explores the practical impact of the ATO’s guidance and how to determine the risk level that applies to practitioners.
Recorded 19 March 2026
Professional advisors are on the ATO’s 2026 target list. Their published guidelines on dealing with professional firm profits have also caused many practitioners to reconsider how profits are allocated to themselves and their related parties. This session explores the practical impact of the ATO’s guidance and how to determine the risk level that applies to practitioners.
While the ATO guidelines have been in place for a number of years now, many firms and their principal practitioners are still trying to navigate the ATO’s risk rating system and determine what needs to be done to achieve a low-risk rating.
The ATO has signaled its clear intention to delve into arrangements and business structures commonly used by accountants, lawyers, medical practitioners and other professionals. The ATO is specifically concerned with professional practices operating through trusts, companies and partnerships of discretionary trusts and how the profits from these practices are being taxed.
Professional firms have clearly been put on notice that Part IVA could potentially apply depending on how profits of the firm are dealt with.
Total 1.25 CPD Hours
- Explain when a firm is generating income from a business structure, rather than the personal services of specific individuals;
- Understand the different approaches that the ATO takes to applying Part IVA depending on the type of income being generated by the firm;
- Understand the gateway conditions that the ATO uses to determine whether practitioners can apply the guidelines and the common situations when the gateway conditions will be failed;
- Calculate the risk score and determine the risk rating for a professional practitioner;
- Understand how the ATO applies the guidelines when profits are retained in a company or related parties are employed in the business; and
- Understand the implications of low, medium and high-risk ratings.
Tiffany Douglas
Senior Tax Trainer, TaxBanter
Tiffany has over 25 years experience in the tax profession undertaking roles within accounting firms (including the Big 4), corporates (including multinationals) and tax education/advocacy. Over this time, she has managed client portfolios, in-house tax functions and has also worked as both a tax technical writer and workshop/seminar presenter.
Tiffany’s outside interests include travelling, reading and keeping fit.
Professional Firms and Part IVA
Tax & Accounting
1.25 hours | 1 modules
Investment per person:
$215.00
+ GST
Team cost:
$545.00
+ GST
You can’t use team rate, please either signup or login to access team rates
CPD Hours: 1.25 hrs
FS
SMSF
Tax Accounting
General