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.

New GST Legislation released - Developers and Home Builders beware

On 6 November 2017, Treasury published an Exposure Draft of legislation that will require purchasers of new residential premises and lots in new residential subdivisions to pay an amount equal 1/11th of the

Will passive income affect your entitlement to be taxed at 27.5%?

The Parliament recently introduced legislation that seeks to tax corporate entities at the full 30% tax rate where more than 80% of the company’s income for the year is base rate passive income.   A recap of the current law

Long-term construction contract ruling | Draft ruling issued

In 1987, Aretha Franklin finally got the respect she deserved by being the first woman inducted into the Rock ‘N’ Roll Hall of Fame. Also that same year, the Australian Taxation Office (ATO) released Income Tax Ruling IT 2450 to determine how to return income and recognise expenses on long-term construction contracts.

Is the ATO watching you and you don’t even know it?

The ATO is always keen to ensure that the tax system is fair and that all Australian taxpayers are paying the right amount of tax on their income.

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

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