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:

advice on employment taxes
assistance with expatriate tax matters
HR tax solutions

ATO finalises guidance on trust reimbursement agreements

On 8 December 2022, the Australian Taxation Office (ATO) clarified and confirmed its position on the application of section 100A of the Income Tax Assessment Act 1936 (ITAA 1936) with the release of Taxation Ruling TR 2022/4 and the Practical Compliance Guideline PCG 2022/2 (Section 100A reimbursement agreements - ATO compliance appr

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

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

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 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.