RSM Australia

Tax Services

Tax services that are proactive, so you don't miss a beat

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.Tax services that are proactive, so you don't miss a beat

We focus on your total business picture, not just your next return. Our Tax Services team 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.

Budget falters on R&D tax (and how this impacts startups)

It’s the third budget handed down by Treasurer Scott Morrison and for those of us in the innovation space, a whole lot to digest. After poring over the detail, I’ve created a summary of notable items for your reading pleasure (disclaimer: it’s not all pleasant).

Junior Minerals Exploration Incentive - Get in quick!

The Exploration Development Incentive (EDI) was replaced by the Junior Minerals Exploration Incentive (JMEI) for the 2018 to 2021 years. JMEI applications for the 2019 year must be electronically submitted between 1 June and 30 June 2018.

R&D tax due diligence important for SMSF investors

With the leading businesses in the world now being technology and intellectual property-based rather than physical asset-based businesses, investors are looking more proactively for early-stage companies that have similar characteristics.

Fringe Benefits Tax  – ATO Focus Areas

With Fringe Benefits Tax (“FBT”) returns due for lodgement in May, the Australian Taxation Office (“ATO”) has highlighted common FBT errors that may attract further scrutiny.

ATO extends lodgement date for Country-by-Country Reporting

The Australian Taxation Office (“ATO”) announced this week an extension of the due date for lodgement of the Country-by-Country report, master file and local file (collectively “CbCR”), from 31 December 2017 to 15 February 2018 for taxpayers with an income year ended on 31 December 2016.

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.

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