Our People

Liam Telford
National Tax Technical Director - Perth

Biography

Liam Telford is the National Tax Technical Director based at RSM in Perth and has over 15 years of tax experience.

Liam's experience ranges from working at the Australian Taxation Office to various 'Big 4' accounting firms, and resident mining giant BHP. Liam has experience in all types of tax work including tax risk management, governance, advisory, and compliance.

"I enjoy developing and supporting those around me, along with collaborating with my clients to achieve the right outcome that appropriately takes into account commercial considerations."

Liam prides himself on being able to understand and apply legislation, having regard to particular facts and circumstances.

In his spare time, Liam enjoys enjoys watching AFL and soccer, and spending time with his young family. 

Liam Telford is a Partner of RSM Australia Partners and a Director of RSM Australia Pty Ltd.

SOLUTIONS Liam PROVIDES 

  • Liam provides tax technical advisory services to a diverse range of clients and industries in both Liam Telford is the National Tax Technical Director at RSM in Perth.the public and private sector, with a particular focus on mining and mining services, property and construction, and energy and utility companies. 

SIGNIFICANT PROJECTS

  • Working in Singapore for over 5 years with Standard Chartered Bank and BHP, both with regional responsibilities.

QUALIFICATIONS

  • Bachelor of Commerce (Accounting) - University of Melbourne
  • Master of Tax - Melbourne Law School
Publications

Updated market valuation guidance from the ATO

23 January 2023
This Tax Insight examines the updated guidance issued by the Australian Taxation Office (ATO) in October 2022 on market valuation for tax purposes. Importance of Market Valuation in a Tax Context Valuing an asset can be challenging. This is particularly so in the context of the Australian tax system, which features at least 206 different pr...

Payroll tax update for Queensland medical centres – the first domino to fall?

19 January 2023
On 22 December 2022, the Queensland Commissioner of State Revenue (the “Commissioner”) issued a significant payroll tax ruling covering payments made under common medical practice arrangements, Public Ruling PTA 000.6.1[1] (the “Ruling”). Importantly, the Ruling notes that medical practices include dental clinics, physiotherapy practices...

Federal Court decision provides increased clarity on the judicial approach to section 100A

12 January 2023
Thawley J’s judgment in the recent Federal Court case of BBlood Enterprises Pty Ltd v Commissioner of Taxation [2022] FCA 1112 (“BBlood”) has provided increased clarity on the approach of the Australian judiciary to apply section 100A of the Income Tax Assessment Act 1936 (ITAA 1936)1. Critically, the principles enunciated in BBlood (and t...

Tax Insights | November 2022 edition

30 November 2022
November 2022 edition The latest tax updates for you and your business Keep up to date with the latest Australian and International tax news from our market-leading experts. THE TAX LIBRARY Are you giving the gift of FBT this Christmas? Let us help you avoid the FBT hangover As the silly season gets underway and with many emplo...

Electric car FBT bill passes both houses

30 November 2022
On 28 November 2022, the Treasury Laws Amendment (Electric Car Discount) Bill 2022 (the “Bill”) finally passed Houses of Parliament, rendering its enactment a mere formality.

Season 2 Episode 3: October Federal Budget Webinar special episode with Andrew Sykes

8 November 2022
Who scored a podium finish in the October 2022-23 Australian Federal Budget? Listen to Andrew Skyes, Liam Telford, Grace Bacon and Rick Kimberley as they provide insights on the expected outcomes and impact of the Federal Budget in this special episode of talkBIG. After ten years out of government, Treasurer Jim Chalmers has deliv...

Late tax return lodgment could result in ABN cancellation

2 November 2022
On 1 November 2022, Treasury commenced consultation on proposed amendments that would provide additional grounds for the cancellation of an entity’s Australian Business Number (ABN).  Broadly, the proposed amendments to the A New Tax System (Australian Business Number) Act 1999 would permit the Registrar of the Australian Business Re...

Losses affected by Division 35? Consider PCG 2022/1

12 October 2022
In September 2022, the Commissioner of Taxation (“Commissioner”) released Practical Compliance Guideline PCG 2022/1 Non-commercial business losses – Commissioner’s discretion regarding flood, bushfire, or COVID-19 (“PCG 2022/1”). PCG 2022/1 provides guidance on the circumstances in which the Commissioner will be taken to have automat...

Tax implications for significant global entities and country-by-country reporting entities

3 October 2022
Multinational groups with operations in Australia must understand the critical concepts of Significant Global Entity (SGE) and a Country-by-Country Reporting Entity (CbCRE) as these trigger numerous targeted integrity and tax transparency measures, and potentially a draconian penalty regime. Generally, this is targeted at larger groups with global revenues of more than A$1 billion.

Tax Insights | September 2022 edition

3 October 2022
In our September 2022 edition of Tax Insights, we take a look at proposed multinational tax reform measures, the draft legislation introduced for small business deductions, and the taxation of Australian Carbon Credit Units. 

Queensland Government scraps land tax reforms

30 September 2022
The Queensland Government announced this morning that it will indefinitely defer the implementation of its controversial land tax reforms.  Following our Tax Insight on 4 August 2022, and in response to significant criticism and opposition from various stakeholders, the Queensland Government has announced that it will indefinitely defer t...

Proposed franking credit amendments to deny certain credits

29 September 2022
Earlier this month, Treasury commenced public consultation on proposed amendments to Subdivision 207-F of the Income Tax Assessment Act 1997, the broad effect of which would be to render distributions to shareholders as “unfrankable”, where those distributions are funded by particular capital raising activities. The proposed amendments rep...

Tax Insights | August 2022 edition

31 August 2022
In our August 2022 edition of Tax Insights, we take a look at the impacts of COVID-19 on tax residency, how 'treaty shopping' is a new focus area of the ATO, and a handy guide to payroll tax rates across Australia.

Government priorities for further counteraction of perceived multinational tax avoidance

31 August 2022
Documents recently issued by the Parliamentary Budget Office (PBO) and Treasury have shed light on potential design features of the Government’s Plan to Ensure Multinationals Pay Their Fair Share of Tax (the “Plan”), particularly in relation to the ‘tax havens integrity’ measure proposed to apply to certain offshore royalty payments. W...

Impacts of COVID-19 on tax residency

29 August 2022
With individuals’ FY22 Australian income tax returns soon falling due, it is appropriate for individuals whose movement has been restricted by the COVID-19 pandemic, and their employers, to take stock of prevailing guidance from the Australian Taxation Office (ATO) and the relevant implications thereof.

Significant Queensland land tax amendments in 2023

4 August 2022
With effect from the Queensland 2023 land tax year (which ends on 30 June 2023), Queensland land tax will be calculated using a taxpayer’s total Australian landholding rather than using just their Queensland landholding.  The inclusion of interstate landholdings is unique to Queensland and will result in a higher land tax burden for taxpa...

'Treaty shopping’ a key focus area of the ATO

2 August 2022
The ATO recently released Taxpayer Alert (TA) 2022/2 Treaty shopping arrangements to obtain reduced withholding tax rates. TA2022/2 gives taxpayers due warning that ‘treaty shopping’ to obtain the benefit of a reduced rate of withholding tax (WHT) in relation to the payment of dividends or royalties from Australia is a key focus area of...

Tax Insights | July 2022 edition

1 August 2022
In our July 2022 edition of Tax Insights, we take a look at recent ATO guidance on hybrid mismatch rules, how you can stay on top of your ATO debt, and a Royalty Withholding Tax explainer video.

FBT exemption for electric vehicles – what you need to know

29 July 2022
A new bill has been introduced to Parliament to remove fringe benefits tax (FBT) on electric cars, in a bid to make them more affordable. On 27 July 2022, the Treasury Laws Amendment (Electric Car Discount) Bill 2022 (the “Bill”), which seeks to implement a key pillar of the Government’s Electric Car Discount policy (a key election promise...

ATO provides guidance on hybrid mismatch rules

12 July 2022
The Australian Taxation Office (ATO) has  recently published Taxation Determination TD 2022/9 regarding the hybrid mismatch rules. TD 2022/9 has affirmed and finalised the position previously espoused in Draft Taxation Determination TD 2019/D12, that the United States’ Global Intangible Low-Tax Income (GILTI) rules do not corres...

Election result and the FBT implications for car parking

3 June 2022
The result of the 2022 Australian federal election could potentially spell bad news for employers who provide car parking to their employees. The Australian Labor Party (ALP) is yet to announce whether it will progress public consultation announced by the Morrison Government on remediating the adverse Fringe Benefits Tax (FBT) implications for e...

Multinationals in the crosshairs of new Labor government tax policy

24 May 2022
The Australian Labor Party’s (ALP) tax policy flew somewhat under the radar in the lead up to the 2022 Australian federal election, owing primarily to the party’s espousal of a more populist tax agenda. Multinational tax avoidance is now within the ALP’s crosshairs, rather than the refundability of franking credits or halving of the capita...
Events

2022-23 Federal Budget flags tough times ahead

The Labor Government’s first Federal Budget in nine years has foreshadowed tough times ahead for households and businesses with interest rates forecast to rise harder and faster and inflation to remain persistently higher for longer. RSM Australia National Tax Director Liam Telford said the 2022-23 Federal Budget meticulously followed the Al...

Submissions on multinational tax reform close today - could one proposed reform have unintended consequences?

Ahead of submissions closing today (2 September) on the Australian Government’s multinational tax reform package, a company tax specialist has raised concerns with one of the proposed reforms on intangibles and royalties. The government released a discussion paper, Multinational Tax Integrity and Tax Transparency, on 5 August seeking in...