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.

Western Australian State Budget Announcement

A budget for Western Australians to be owned by Western Australians. This was the line the State Treasurer used as he released his first State Budget in office.  

Corporate Tax Rate reductions and the impact on shareholders

In the 2016–17 Budget, the Government announced its intention to reduce the corporate tax rate from 30% to 25% by the 2026-27 income year.  These changes were outlined in the Treasury Laws Amendment (Enterprise Tax Plan) Bill and after minor amendments by the Senate, received Royal Assent on 19 May 2017.

Government Crackdown on Rental Property Deductions

The Government announced in the 2017 Federal Budget that it would be making changes to the legislation regarding Rental Property Deductions under the guise of “reducing pressure on housing affordability”.

Foreign Resident Capital Gains Withholding Tax – Broader application than anticipated

The Federal Government recently announced changes to the Foreign Resident Capital Gains Withholding (“FRCGW”) rate and threshold.  The changes will apply to all contracts entered into from 1 July 2017 and include:

OECD releases revised Transfer Pricing Guidelines

On 10 July 2017, the OECD released its revised OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations  in order to formally incorporate the most significant body of work ever undertaken by the OECD and its member (and indeed some non-member) countries regarding harmful international tax practices – the Base

What are the GST implications of Retentions and Bank Guarantees?

While there have been no recent changes in this area, it is worth re-visiting as we have had a couple of queries on regarding Retentions and Bank Guarantees.

Should your SME start making R&D tax claims? | R&D Tax Incentive

In light of the disproportionate number of small and medium-sized enterprises (SMEs) lodging annual R&D Tax Incentive claims, there’s never been a better time for non-participating SMEs to consider their options, urges Dr Richard Wraith R&D Tax Principal with RSM Australia.

New 12.5 percent withholding tax on property transactions

To ensure Australia captures as much tax as possible from property transactions a new withholding tax has been introduced and will apply to contracts entered into on or after 1 July 2017. Under the new provisions where a foreign resident disposes of:

Signing the Multilateral Instrument

What happens if you threw a party and the guest of honour did not turn up? The international aspects of the G20/OECD’s Base Erosion and Profit Shifting (BEPS) project will become a reality at a treaty signing ceremony to be held in Paris, on 7 June 2017. 

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