The Tax Summit
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Session 5.4 How should professional practices be structured in the future?
With Greg Travers, CTA, William Buck

Professional practices are changing; technological disruption means work once produced through professional skill may soon be produced through capital investments such as Artificial Intelligence and machine learning. In some professions, annuity or subscription-based models are emerging and as the professions grapple with change, current approaches to the structuring of professional practices may need a rethink.  This session will consider these issues including:

  •  What structures should be favoured to accommodate the future?
  •  Do the professions need their own tax guidelines? and
  •  How effective is the current ATO approach to guidelines likely to be in the future, and what needs to       change?
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