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
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.
Modern Manufacturing Initiative (MMI) | Round 2 (Integration)

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

Integration 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.
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.   
GRDC Farm Business Update with Joanne Gilbert

GRDC Farm Business Update with Joanne Gilbert

GRDC Farm Business Update (June 2021) with Joanne Gilbert from RSM in Albany. Opportunities & Outcomes of Current Tax Concessions.
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.
Victorian Windfall Gains Tax

Victorian Windfall Gains Tax – A material new tax obligation for Victorian Land Developers

The Victorian Government introduced the Windfall Gains Tax and State Taxation and Other Acts Further Amendment Bill 2021 that, among other amendments, will impose a significant new tax on unrealised gains arising from the rezoning of land in Victoria.
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.
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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