Tax Services

 

Tax Compliance

In today’s environment there is more to tax than just structuring. Failure to comply and manage tax obligations could result in unexpected penalties and additional tax. That’s why we never understate the importance of these obligations and the deadlines that come with them. We provide the following services to support your business operations and ensure you meet your reporting obligations: Preparation of income tax returns for individuals, partnerships, trusts, companies, superannuation funds & other structures Business Activity Statement (BAS) and Instalment Activity Statement (IAS) returns and reviews Assistance with Australian Taxation Office audits and investigations.

Tax Consulting

In a world of complex and ever changing tax laws, businesses need to stay a step ahead and get tax advice that is proactive and relevant. We understand that tax advice is not a “one-size fits all” solution. We take an integrated approach that starts with understanding the business, its needs and the outcomes it wants to achieve. We then work towards these objectives and provide a tailored tax solution. We provide a range of tax consulting services including the following:

  • Appropriate tax structures for business ownership
  • Business restructuring
  • Tax effective investments
  • Capital Gains Tax (CGT)
  • Interpretation of complex taxation issues
  • Corporate tax consulting
  • Tax consolidations advice
  • Corporate reconstructions
  • Mergers and acquisitions

 

Employment tax

Employment taxes can represent a significant impost on a business if not managed correctly. As employment taxes become more complex and new concessions and exemptions are introduced on a regular basis, a business may find itself in a situation where it is paying too much tax or not paying the right amount of tax. We take a hands on approach in dealing with employment taxes to ensure a business has identified all tax savings and processes are in place to meet employment tax obligations. We provide the following assistance:

  • Fringe Benefits Tax (FBT) and payroll tax return preparation and review
  • Advice on FBT, payroll tax and workcover implications for companies engaging employees and contractors
  • FBT, payroll tax and workcover prudential reviews or “health checks” to identify tax savings
  • Review and develop FBT and payroll tax policies and procedures for employers
  • Remuneration structuring to maximise employee entitlements through salary sacrifice arrangements
  • Advice on Living Away From Home Allowance (LAFHA) structuring for employees
  • Tax treatment of bona fide redundancy payments and lump sum payments
  • Superannuation guarantee charge obligation
  • Development and structuring of employee share and option plans to obtain tax deferral or tax exemption concessions

 

Indirect tax

We advise on the implications of indirect taxes on business operations and property transactions and assist clients to improve efficiency and better manage compliance on a full range of indirect taxes, including:

  • Goods and Services Tax (GST)
  • Australian state and territory stamp duties
  • Payroll taxes
  • Fuel taxes and rebates
  • Land taxes
  • Luxury car tax
  • Wine equalisation tax

 

International tax

If your business is expanding into other countries, or based overseas and entering the Australian market, we will explain the tax options open to you and help you set up the most appropriate business vehicles and structures. In particular, we advise on areas such as:

  • Business structures
  • Business acquisitions and disposals
  • Permanent establishments
  • Transfer pricing
  • Residency
  • Controlled foreign companies
  • Foreign investment funds
  • Transfer of trusts
  • Hybrid structures
  • Foreign income tax offsets
  • Tax efficient financing
  • Double taxation agreements
  • Withholding tax
  • Employment expatriation aspects
  • GST & international arrangements