Individual tax solutions

RSM provides a comprehensive suite of services to assist employers in addressing employment taxation and payroll issues that arise in the course of employment as well as providing individual tax solutions. 

These services relate to employees who are based within Australia, or offshore.

Our services include:

Beware of the liability of the annual Vacancy Fee - The so-called "ghost tax"

Beware of the liability of the annual Vacancy Fee (the so-called “ghost tax”)

The 2017 Federal Budget introduced measures requiring foreign persons acquiring Australian residential property to lodge an annual Vacancy Fee Return and to pay a Vacancy Fee if a residential property is not occupied, or genuinely available on the rental market, for at least 6 months in the preceding 12-month period.
Impacts of COVID-19 on tax residency

Impacts of COVID-19 on tax residency

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.
Common tax questions during tax season

Common tax questions during tax season

With the end of financial year now been and gone, if you haven’t yet had a chance to get your tax affairs in order, we’ve put together a list of the most frequently asked questions or misunderstood elements of our tax system.
Luxury Car Tax – a luxury for who?

Luxury Car Tax – a luxury for who?

Luxury Car Tax was introduced in 2001 by the Howard Government as a measure to protect the local car manufacturing industry from foreign imports after the introduction of the GST.  Luxury vehicles were previously taxed at higher rates under the Wholesale Sales Tax and under the introduction of GST, the Wholesale Sale Tax was removed, and a new taxation method was introduced.
Family trust arrangements: The Commissioner's new approach

Family trust arrangements: The Commissioner's new approach

Family trust arrangements - the Commissioner's new approach – is this the end of discretionary trusts as a tax-effective structure for family wealth creation and intergenerational asset transfer
Agricultural workers – income and work-related deductions

Agricultural workers – income and work-related deductions

Tax time hints, tips, and information if you are working as an employee in the agricultural sector.
Rapid Antigen Tests – Tax deductibility myths debunked

Rapid Antigen Tests – Tax deductibility myths debunked

Prime Minister Scott Morrison has told the media in recent days that rapid antigen tests (RATs) for COVID-19 are 'tax deductible'. 
Proposed tax laws for the write-off of intangible assets

Proposed tax laws for the write-off of intangible assets

As part of the 2021-22 Federal Budget, the government announced a policy to allow taxpayers to self-assess the effective life of certain intangible assets effective from 1 July 2023.
Cryptocurrency – Issues in Family Law Property Settlements

Cryptocurrency – Issues in Family Law Property Settlements

In 2021, a survey indicated 25% of Australians had already invested in cryptocurrency or intended to invest within the next 12 months. 
Australian ‘backpacker tax’ discriminatory

Australian ‘backpacker tax’ discriminatory – but it’s not all good news for working holiday makers

On Wednesday 3 November 2021, the High Court upheld the appeal by British citizen Catherine Addy in the matter of Addy v Commissioner of Taxation [2021] HCA 34.   
RSM extends corporate tax practice with appointment of experienced new Partner: Carl Di Lorenzo

RSM extends corporate tax practice with appointment of experienced new Partner

RSM has announced the appointment of Carl Di Lorenzo as a new Partner in the firm’s tax services division based in Perth.
Employee Shares – Are your disposal restrictions genuine?

Employee Shares – Are your disposal restrictions genuine?

The Commissioner of Taxation has released a draft taxation determination TD 2021/D5 which contains the Australian Taxation Office’s (ATO) view of when shares contain genuine disposal restrictions.
ESS: How to incentivise and remunerate employees

Employee Share Schemes: How to incentivise and remunerate employees without dipping into your pocket

Have you ever thought about using Employee Share Schemes to incentivise and remunerate your employees? 
Mandatory Director ID Numbers

Mandatory Director ID Numbers

What is a Director ID? A Director identification number (Director ID) is a unique identifier you need to apply for once and will keep forever. It will help prevent the use of false or fraudulent director identities.

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