Tax compliance

A 360 degree approach to tax compliance

In today's corporate environment, there is more to tax than just structuring. Failure to comply and manage tax obligations could result in unexpected penalties and additional tax.

That's why we never understate the importance of tax compliance. We ensure our clients meet these obligations and the deadlines that come with them.

International companies on the other hand need more than just local tax compliance assistance - they require multi-jurisdictional assistance.

At RSM, together with our RSM International network, we can manage these mutli-national tax compliance requirements in a co-ordinated manner.

RSM's tax compliance services include:A 360 degree approach to tax compliance

  • income tax return preparation and review
  • fringe benefits tax return preparation and review
  • pay-roll tax advice and return preparation
  • superannuation guarantee advice
  • deferred tax computations and preparation of tax notes for financial statements in accordance with IFRS
  • transfer pricing benchmarking studies and documentation
  • secondment of tax professionals to assist in-house finance divisions
  • co-ordination of global tax compliance requirements
  • revenue authority representation - audits, investigations, negotiations, settlements
Payroll tax update for Queensland medical centres

Payroll tax update for Queensland medical centres – the first domino to fall?

On 22 December 2022, the Queensland Commissioner of State Revenue (the “Commissioner”) issued a significant payroll tax ruling covering payments made under common medical practice arrangements, Public Ruling PTA 000.6.1[1] (the “Ruling”).
Electric car FBT bill passes both houses

Electric car FBT bill passes both houses

On 28 November 2022, the Treasury Laws Amendment (Electric Car Discount) Bill 2022 (the “Bill”) finally passed Houses of Parliament, rendering its enactment a mere formality.
Late tax return lodgment could result in ABN cancellation

Late tax return lodgment could result in ABN cancellation

On 1 November 2022, Treasury commenced consultation on proposed amendments that would provide additional grounds for the cancellation of an entity’s Australian Business Number (ABN). 
Draft legislation introduced: 120% deduction for skills training and technology

Draft legislation introduced: 120% deduction for skills training and technology

Treasury has released draft legislation that will introduce a “Skills and Training boost” and a “Technology Investment Boost” to help support small businesses.
Submissions on multinational tax reform close today - could one proposed reform have unintended consequences?

Submissions on multinational tax reform close today - could one proposed reform have unintended consequences?

Ahead of submissions closing today (2 September) on the Australian Government’s multinational tax reform package,
Government priorities for further counteraction of perceived multinational tax avoidance

Government priorities for further counteraction of perceived multinational tax avoidance

Documents recently issued by the Parliamentary Budget Office (PBO) and Treasury have shed light on potential design features of the Government’s Plan to Ensure Multinationals Pay Their Fair Share of Tax (the “Plan”), particularly in relation to the ‘tax havens integr
Updated ATO Guidance on Division 7A

Updated ATO Guidance on Division 7A

TD 2022/11 was published on 13 July 2022 and provides details on the ATO’s approach on how Division 7A may be applicable when a corporate beneficiary is entitled to trust income from 1 July 2022.    
Family Law & Tax Advice – Tall Buildings

Family Law & Tax Advice – End of Financial Year Actions

The end of the financial year is fast approaching, highlighting some important tax compliance and administration matters that may have a significant impact on family law and tax matters. 

Part 1: Interest Withholding Tax

In this five part series, Belinda Crowley (Corporate Tax, Brisbane) will be taking us through important tax topics and their potential impacts on your business.
Tax effective financing options for machinery purchases

Tax effective financing options for machinery purchases

Tax planning should be a top priority for the 2022 year in light of WA’s record harvest and expected higher profits. So if you're planning to purchase machinery in the near future for your business, you might want to consider these tax effective financing options. 
Should I develop property as a partnership or a joint venture?

Should I develop property as a partnership or a joint venture?

Around 60% of Australians invest in property – many with the goal of developing the property to make a profit. Due to the costs involved, it’s common for multiple parties to combine resources for a development project.
Temporary full expensing – Impacts for Small to Medium Enterprise

Temporary Full Expensing – Impacts for Small to Medium Enterprise

The ATO has finalised the guidance on Temporary Full Expensing ('TFE') for eligible businesses by issuing Law Companion Ruling LCR 2021/3 on 22 December 2021.
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'. 
Modern Manufacturing Initiative (MMI) | Round 2 (Translation)

Modern Manufacturing Initiative (MMI) | Round 2 (Translation)

Translation Stream - Round 2 The Modern Manufacturing Initiative (MMI) is a $1.3 billion initiative targeted at all businesses growing Australia’s Manufacturing capacity, building scale, and supply chain resilience.

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