RSM Australia

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Tracey Dunn
Senior Manager - Perth

Biography

Tracey is a senior manager in the Tax Services division of RSM in Perth.

Tracey has worked in senior roles in public practice for over sixteen years. Prior to commencing a career in public practice, Tracey worked in commerce in various roles including banking, logistics management, and international trade.

Tracey has experience in assisting clients with ATO high wealth reviews, ATO audits, the preparation of private binding ruling applications, and objections to notices of assessments.

Tracey’s expertise lies in providing simple and complex tax advice to high net worth individuals, small and medium-sized businesses with multiple structures and corporate entities. She has significant experience in advising on the application of fringe benefits tax, Division 7A, and trusts. Tracey regularly presents on taxation topics.

Tracey has provided litigation support in a number of family tax law matters involving high wealth individuals and groups. She is a regular presenter to legal firms that specialise in family law. She has also presented at the Family Law Practitioners Association (WA) Conference in 2017. Tracey writes extensively on the interpretation of tax legislation for businesses and has been published in the Ex Curia magazine. 

Solutions Tracey DUNN Provides

Tracey has experience in tax consulting and analysing the tax position of high wealth individuals and groups in matrimonial matters.

Tracey's experience in tax consulting and litigation support includes:

  • Tax consulting on income tax, fringe benefits tax, Division 7A, capital gains tax, employment taxes and salary packaging, tax impacts of family law settlements, and trusts
  • Preparation of independent expert reportsTracey Dunn, tax consulting and litigation support expert
  • Critique of other expert reports
  • Provision of taxation advice in relation to family law property settlements
  • Provision of litigation support in the Federal Court tax case of Sandini Pty Ltd v Commissioner of Taxation [2017] FCA 287

PROFESSIONAL ASSOCIATIONS

  • Member, Chartered Accountants Australia and New Zealand
  • Certified Practising Accountant, CPA Australia
  • Golden Key National Honour Society

QUALIFICATIONS

  • Bachelor of Commerce (Accounting), Edith Cowan University
  • Graduate Certificate of Commercial Law, Deakin University

 

Publications

Negative Gearing of Vacant Land - is this the beginning of the end?

6 September 2019
The Treasury Laws Amendment (2019 Tax Integrity and Other Measures No. 1) Bill 2019 was introduced to Parliament on 24 July 2019. One significant measure of the Bill is the introduction of proposed legislation to limit deductions for losses or outgoings incurred in relation to holding vacant land. The Bill was passed by the House of Representati...

Tax time for individuals

2 July 2019
With tax time fast approaching, no doubt there are many individual taxpayers eagerly counting down the days until they can lodge their 2019 Income Tax Return and hopefully receive a much-anticipated tax refund. Caution is advised on a number of fronts as tax time 2019 brings with it, new challenges and a focus by the Australian Taxation Office m...

Instant asset write-off – what can you claim?

17 June 2019
The instant asset write-off is not available for all business assets and determining which assets are eligible may pose a challenge for many small and medium-sized business owners (SME) and their advisers. The simplified depreciation rules for small business taxpayers are set out under Subdivision 328-D Income Tax Assessment Act 1997&n...

2019 Federal Election - Comparison of policies

6 May 2019
Ahead of the federal election on 18 May, we compare the policies impacting small business owners, as announced by the two major parties.   Fast tracking of reduction in corporate tax rate COALITION The Liberal party have fast-tracked the reduction in the corporate tax rate for small and medium-si...

2019 Federal Election - Comparison of policies

6 May 2019
Ahead of the federal election on 18 May, we compare the policies impacting small business owners, as announced by the two major parties. ...

Instant asset write-off changes pass

12 April 2019
The Treasury Laws Amendment (increasing the instant asset write-off for small business entities) Bill 2019 received Royal Assent on 6 April 2019 and is now law.  The Bill in its original form proposed to increase the instant asset write-off threshold to $25,000 from 29 January 2019 and extend the eligibility period to 30 June 2020.  ...

Uncertainty prevails for taxpayers as election looms

28 March 2019
As the Australian public await a date announcement for the upcoming Federal Election, uncertainty prevails for many taxpayers as they anticipate the outcome of many unenacted and proposed changes to tax legislation. ...

Uncertainty prevails for taxpayers as election looms

28 March 2019
As the Australian public await a date announcement for the upcoming Federal Election, uncertainty prevails for many taxpayers as they anticipate the outcome of many unenacted and proposed changes to tax legislation. Doubt is also casted over many proposed measures announced as part of the 2018 Federal Budget which remain either at consultation p...

Fringe Benefits Tax – Tips and Traps for the 2019 FBT year

25 March 2019
With the introduction of Single Touch Payroll (STP), the Australian Taxation Office (ATO) now has access to real-time information about employers and their employees.   If you have employees, the more likely it is you are providing some form of fringe benefit and the higher the risk the ATO will expect to see you lodge a Fringe Benefits T...

Tax on sale of family home - proposed government change

5 March 2019
Australian expats who own homes in Australia are not the only ones at risk of paying tax on the former family home under proposed changes to capital gains tax (CGT). The proposed changes to the CGT main residence exemption (MRE) for foreign residents was first announced in the 2017 budget, with legislation introduced to Parliament in February 20...

Changes to Capital Gains Tax exemption for foreign residents

6 February 2019
Controversial legislation enabling the removal of the capital gains tax (CGT) main residence exemption for foreign residents was originally scheduled for debate in the Senate on 16 October 2018.  The widely criticised bill was withdrawn from discussion by the government and did not make its way back on to the Senate list before P...

Single Touch Payroll Reporting – Clarity for small employers?

12 December 2018
After considerable delays in the Senate, small employers now have some clarity surrounding the implementation date for Single Touch Payroll reporting (“STP”).  The Treasury Laws Amendment (2017 Enterprise Incentives No. 1) Bill 2017 was passed by the Senate on Wednesday 5 December 2018 with a proposed amendment. The Bill introduces, am...

New black economy measures target withholding obligations and tax deductions

21 November 2018
An extra layer of complexity is added for small businesses as new measures to tighten grip on the black economy targets withholding obligations and tax deduction. The Treasury Laws Amendment (Black Economy Taskforce Measures No. 2) Bill 2018 was passed by the Senate on 15 November 2018 and awaits Royal Assent. The bill amends the Income Tax ...

Labor party updates policy - implications for negative gearing and CGT

20 November 2018
Implications for negative gearing and capital gains tax concessions The falling housing market in Australia has prompted the Labor party (ALP) to update their policy on negative gearing and capital gains tax concessions. Touted as a “positive plan to help housing affordability”, the ALP claims current concessions are highly inequitable, skew...

Division 7A or Doomsday

31 October 2018
Treasury Releases Consultation Paper On 22 October 2018 Treasury released consultation paper “Targeted amendments to the Division 7A integrity rule”. The consultation paper has long been anticipated by both taxpayers and advisers waiting for certainty surrounding proposed changes to Division 7A and the resulting tax and financial impact.&nbs...

Corporate tax rates – what lies beneath, a set of steak knives perhaps?

12 October 2018
A joint media release by PM Scott Morrison and Treasurer Josh Frydenberg announces more changes to corporate tax rates. The announcement lands less than two months after former PM Malcolm Turnbull promised the Federal Government would not introduce any further legislation to change corporate tax rates before the next election. The announcem...

Understanding the instant asset write-off for farmers and small business

20 September 2018
Australian business owners rejoice – legislation extending the well regarded instant asset write-off program has been passed.  The Treasury Laws Amendment (Accelerated Depreciation for Small Business Entities) Bill 2018 passed in the Senate on 12 September 2018 and now awaits Royal Assent.  The Bill extends the period for which small...

How the PM’s defeat impacts corporate tax rates

24 August 2018
Following the proposal for reduced tax rates for corporate entities in 2016, the Treasury Laws Amendment (Enterprise Tax Plan No 2) Bill 2017 (the Bill) was ultimately defeated in the Senate on 23 August 2018 by a vote of 36 to 30.  The Bill proposed to progressively extend the 27.5% corporate tax rate to all entities (regardless of turnove...