The following is a list of key tax areas with which we can assist you in respect to not only the regular reporting obligations but the planning and strategic analysis that needs to occur well before reporting obligations can be considered.
- Income Tax
- Capital GainsTax
- Fringe Benefits Tax
- Division 7A
- The taxing of employee share scheme entitlements
- Thin Capitalization
- Commercial Debt Forgiveness
- Value shifting
- Foreign sourced income
- Controlled Foreign Corporation (“CFC”) rules
- Research & Development incentives
Our objective is to have an ongoing approach to planning for the above compliance matters all year round rather than focus on what traditionally occurs at ‘financial year end’. This means that we view tax planning as a 365 day ongoing process with the view of mitigating (where possible) unnecessary tax liabilities. It is our view that this can be the only approach because of the dynamic nature of ever evolving tax legislation, cases and ATO rulings.
The tax planning process needs to integrate a detailed understanding of the business structure, the short and long term goals of the business and investment plans, as well as the client’s succession planning goals. This process can result in an integration of our different disciplines as well as sometimes the need to call upon our network of external specialist advisors.