Tax risk management

A key aspect of corporate governance involves tax risk management.

Companies have to be comfortable that their tax decisions do not fall foul of the tax law and are not subject to adverse scrutiny by the tax authorities. RSM can help companies manage this exposure in a number of ways.

Our tax risk management services include:

• Preparation of:
  • Tax Governance Framework (Tax Policy) document
  • Tax procedural documents (compliance activities)
  • Tax risk register
  • Tax Controls - Gap analysis
  • Tax Controls - Testing
• Representing the company in a tax audit or review, including negotiating with tax authorities to settle a dispute
• Preparing objections to unfavourable tax assessments
• Advising boards of directors on the risks associated with tax schemes to be entered into by the company
• Preparing reasonably arguable position papers to document the position taken in respect of the interpretation of a tax law
• Carrying out prudential reviews or 'health checks' on various tax areas to identify any tax risks or exposures
• Applying for rulings from the ATO to provide certainty on tax outcomes