Acccurium education
   <  Back to Accurium

Professional firms and Part IVA

19 Mar 2026 12:00PM – 1:15PM AEDT
Income & deductions

$190.91 +GST

Audience

This training is recommended for:

  • Accountants working in public practice 
  • All practitioners working with tax
Audience

Learning outcomes

On completion, participants will be able to: 

  • 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. 
Learning outcomes

Relevancy

This event will be presented live 19/03/2026.

Relevancy

CPD hours

If claiming CPD hours, this course provides 1.25 Legislated CPD hours, the breakdown is as follows:

  • Tax (financial) advice: 1.25 CPD hours
CPD hours

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 signalled 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.  

Registration includes: 

  • 1.25 hour live online event with opportunity to ask questions of the presenter 
  • 1.25 accredited CPD hours from the SMSF Association/Financial Advice Association of Australia 
  • 3 months access to [Q&A embedded] webinar recording / Recording and materials available to access for 3 months after the event 
  • Reference guides, slides and case studies 
Michael Carruthers round

Presented by

Michael Carruthers
Tax Director
Knowledge Shop

This webinar is presented by our partners at Knowledge Shop.

Can't attend all sessions live?

It's ok, we provide recordings of all the live sessions so you can catch up later on at a time that suits you. You will have access to the slides and recordings for three months after each event.

Terms and Conditions
Each education service purchase is for your use only and accessible through your individual account. Each live online education service will be provided with a unique session ID to join which cannot be disclosed, forwarded, or distributed to any other individual without Accurium’s written consent. No other individual will be authorised to access your education service unless that individual has purchased the education service and a unique session ID has been provided to that individual. In the event of unauthorised access due to the actions of the intended recipient, Accurium may suspend or cancel the access for the intended recipient any additional individual(s) may be held liable for additional fees associated with the unauthorised access to an education service. Accurium reserves the right to charge any unauthorised individual(s) who access your education service. In the unlikely situation that a live education service is cancelled we will refund you the full cost of your purchase. If a live service is postponed, we will provide written notification to you and reschedule the education service. Your original ticket will be valid for the rescheduled date. We will also provide the recording and associated materials if you are unable to attend the education service live at the new date/time. If you are unable to attend the education service live at the new date/time, you may request a refund of the moneys paid by contacting Accurium directly, with all requests to be considered on a case by case basis by Accurium in its absolute discretion. The General Terms and Conditions can be accessed here.