Financial reporting and tax advice for ICT companies

Financial planning and reporting for ICT companies



Financial reporting and tax advice for ICT companies
Technology Business Advice


Get expert help with financial reporting, finding the right business and tax structure, accessing tax and payroll incentives, plus tax advice, compliance, GST, transfer pricing, audits, and more.

Whether you’re a start-up, established enterprise, or multinational ASX-listed ICT organisation, your financial position is crucial to survival.

Financial planning and reporting for ICT companies

Stay a step ahead of your competition with effective and timely financial reporting and tax advice that empowers you to make confident business decisions and plan for a successful future.

We stay on top of your reporting obligations, as well as the latest updates on tax laws, so we can provide superior advice as and when you need it.

Our financial reporting and tax services include:

  • financial goal setting and strategies
  • mergers and acquisitions 
  • tax planning
  • GST consulting and compliance
  • audit of financial statements
  • preparation annual reports and financial statements
  • assistance with application of accounting standards
  • adequacy of disclosure
  • accessing small business, CGT, stamp duty and payroll tax concessions
  • assisting with stamp duty concessions, exemptions and lodgements

KEY CONTACT

Andrew Sykes
National Leader, Technology

Sam Mohammad
Partner, Brisbane

Mathavan Parameswaran
Partner, Melbourne


How can we help you?

Locate YOUR nearest office

Technology Financial Reporting

Tax advice, compliance and advisory services

If your technology company is a start-up or invests heavily in research and development, there are several tax incentives you can leverage to help increase cashflow. In addition to research and development incentives, there are a range of state government tax incentives and concessions which may be available to start-ups and small businesses, which we can assist in unlocking.

In general, tax laws are also difficult to interpret – particularly for organisations that deal with overseas entities and need to consider transfer pricing and hybrid mismatch rules. This is especially relevant for ICT companies where relationships or partnerships with international vendors is common, and penalties for non-compliance can be unexpectedly severe. 

When you partner with RSM for financial reporting and tax advice, we get to know your business inside and out.

This allows us to effectively consult with you on:

  • the best tax structure
  • tax minimisation strategies
  • compliance assurance
  • accurate GST record keeping and reporting
  • cross-border transactions

Where your ICT business requires an audit of financial statements, we follow a proprietary auditing methodology that is designed to uncover key business risks and develop effective controls to mitigate them.  

If you are considering a merger, acquisition or disposal we can also provide tax due diligence, consulting on finance, strategies to optimise cash flow, and identification of tax risks.


Accounting services

RSM Australia is national firm and a member of a global network that allows us to support your business as a collective no matter where you operate from.

green_risk_1_long.png

Working with you, we will simplify complex multinational tax requirements across different jurisdictions so you can focus on what matters most.

Our accounting services include:

  • income tax returns
  • fringe benefits tax return
  • payroll tax advice
  • superannuation advice
  • deferred tax computations
  • transfer pricing documentation
  • representation in the event of an audit, investigation or negotiation

Book a free initial consultation

Get practical and valuable financial reporting and tax advice from experts at RSM. For a free initial consultation, contact your local RSM office today.


RSM offers Safe Harbour strategies

Hybrid Mismatch Amendments

24 September 2020
Important technical amendments clarifying the operation of Australia’s hybrid mismatch rules received Royal Assent on 3 September 2020. Background

Fringe Benefits Tax in a COVID-19 world

10 September 2020
The ATO have recently updated the guidance published on their website on the treatment of the provision of certain Fringe Benefits to employees, in light of the current pandemic. Two of the key items covered are:

Claiming deductions for working from home - with a twist

31 August 2020
Many of us have been working from home recently and are continuing to adopt hybrid versions of working between the office and the home.

Arm’s length debt test – New ATO position finalised

24 August 2020
The ATO has simultaneously published two documents which now represent the ATO’s views on the application of the arm’s length debt test (“ALDT”) in determining borrowing capacity.

Second opportunity - asset write-off extension

17 August 2020
The recent extension of the $150,000 instant asset write-off threshold to 31 December 2020 has given business entities with a turnover of under $500m a second opportunity to access significant tax savings when purchasing equipment.