RSM Australia

Tax

Often tax strategies that look good by themselves can be less sensible, even problematic in the context of your whole business.

That's why RSM takes a balanced and integrated approach.
We focus on your total business picture, not just your next return. Our tax consultants help you define the right overall tax position, designed to save you money in complex tax environments, while at the same time meeting your larger business goals. Since we take a broad overview of a client's business, we can see opportunities that other tax specialists might miss.

At RSM we believe tax planning is a year-round concern. Yes, we're sticklers about deadlines and compliance, but our larger goal is tax management. Tax issues don't begin and end with tax returns, so we keep a constant eye on your company's overall obligations. We alert you to any changes that may affect you and help you to respond in a timely way.
Our proactive approach to taxes sets us apart. In addition to providing ongoing advice we offer a number of specific tax services.

Backpackers Tax explained - employers take note!

A collective sigh of relief could be heard across the country on 5 December 2016 when the Federal Government finally passed the Working Holiday Maker Reform Bill 2016. 

Small Business Income Tax Concessions - Am I small enough?

It is a well-known fact that small to medium businesses drive the majority of the Australian economy. The ATO has made certain income tax concessions available for small entities in particular, since at least 2002 with the introduction of the Simplified Tax System which then transitioned into the now known Small Business Concessions. 

Payroll Tax and Medical Practices - a Potential Game Changer

The NSW Civil and Administrative Tribunal in Winday International Pty Ltd v Chief Commissioner of State Revenue has found that radiologists working at an imaging facility were employees of the facility provider for payroll tax purposes under the “employment agent” provisions.

Fuel tax vs road user charge - what has history taught us?

This a story in two parts. The first is the history of this plan, the second the (longer) history of the Fuel Tax scheme.

Fringe Benefits Tax – Simplified Approach to Log-Books

The ATO have taken steps to lessen the administrative burden for employers with a fleet of more than 20 cars with the release on 19 October 2016 of Practical Compliance Guideline 2016/10.  

Australian GST: Compliance savings for non-residents

Australia has been hastening slowly to reduce the GST compliance burden on non-residents, and after 6 years of ‘deliberation’, the measures finally came into effect on 1 October 2016.

Tax Insight: Tech Mahindra Ltd - An Equine Trilogy

When you are on a good thing, stick to it – never look a gift horse in the mouth and never change horses in mid-stream.

So you think you can restructure?

The government recently introduced the Treasury Laws Amendment (Enterprise Tax Plan) Bill 2016 which will seek to increase the aggregated turnover threshold for access to most small business tax concessions to $10m (previously $2m).

The government’s enterprising tax plan

The Coalition Government has recently introduced the Treasury Laws Amendment (Enterprise Tax Plan) Bill 2016 into Parliament which will increase the aggregated turnover threshold to small business tax concessions from $2m to $10m. 

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