Our July issue addresses tax time scams impersonating the ATO, work-from-home expense claims, common rental property tax return errors, and ATO reminders for small businesses preparing their tax returns.
Taxation law and its impact on Australian businesses and their subsidiaries is ever-changing. This requires company boards and management to consider domestic and foreign regulations, and a variety of practical and commercial issues, including rapid advances in technology.
As the business operating environment evolves, so too does the tax system. The taxation framework for corporate Australia is not a simple, straight-forward policy, but rather a series of intricately-linked frameworks depending on a company’s size, structure and revenue.
Not only is the law and commercial environment continually being modified, but the ownership and operating structures of the corporates themselves are frequently changing, with mergers and acquisition (M&A) activity occurring both locally and among foreign investor groups.
The tax consolidation regime in particular offers many opportunities to structure and restructure tax-effectively, but these rules are also highly complex and present many traps for the unwary, making planning and routine reviewing crucial for any corporate structure.
It is therefore more vital than ever to engage a tax specialist who will deliver well-considered, timely and commercially robust advice.
How we help clients
HLB Mann Judd’s tax specialists advise finance teams and management of corporate entities on effective approaches and strategies across a full range of corporate tax issues and developments.
Our team works with a variety of businesses – across many industry sectors, including mining, energy and resources, financial services, property and construction, transport and logistics, and technology and telecommunications - ranging from small start-ups to billion dollar-plus operations.
While the size and structure of our clients vary immeasurably, they are linked by a common thread: the need for innovative and effective ongoing tax strategies which are delivered alongside commercially astute advice.
Our corporate clients include ASX-listed companies, subsidiaries of multinational groups, family-owned businesses, venture capital and private equity fund managers, managed investment schemes, industry associations, charities and other not-for-profit organisations.
This requires a strong understanding of a wide range of Australian tax rules that may impact these organisations, as well as detailed knowledge of their business activities and objectives.
We assist our clients on all matters of corporate tax compliance and advisory matters, including:
- Comprehensive tax advice and compliance assistance, covering income tax and specialty taxes such as GST, FBT, R&D tax concession claims, employment taxes and other state-based taxes
- Assistance with the preparation and review of tax provision calculations and tax effective accounting calculations to assist with preparation of audited financial statements
- Advising on tax consolidation issues, including preparation of exit and entry calculations, the availability of tax losses transferred into a tax consolidated group
- Tax due diligence assistance and tax-related M&A advice, including advising on structuring and restructuring of the corporate group
- Employee share scheme advice and assistance for the employer and its employees, including assistance with establishing and ongoing maintenance of employee share schemes.