Tax risk management

Ensuring your company is operating within the tax laws through effective tax risk management

A key aspect of corporate governance involves tax risk management.

Companies have to be comfortable that their tax decisions do not fall foul of the tax law and are not subject to adverse scrutiny by the tax authorities. RSM can help companies manage this exposure in a number of ways.

Our tax risk management services include:

  • representing the company in a tax audit or review, including negotiating with tax authorities to settle a disputeA key aspect of corporate governance is tax risk management
  • preparing objections to unfavourable tax assessments
  • advising boards of directors on the risks associated with tax schemes to be entered into by the company
  • preparing reasonably arguable position papers to document the position taken in respect of the interpretation of a tax law
  • carrying out prudential reviews or 'health checks' on various tax areas to identify any tax risks or exposures
  • applying for rulings from the ATO to provide certainty on tax outcomes

Key contact

Meet our Tax Experts  

Danette Cheung
National Head of Tax
T: +61 2 8226 4500

[email protected]

 

Significant uncertainty remains after Guardian appeal decision narrows application of Section 100A

Significant uncertainty remains after Guardian appeal decision narrows application of Section 100A

On 24 January 2023, the Full Court of the Federal Court of Australia handed down its decision in Commissioner of Taxation v Guardian AIT Pty Ltd ATF Australian Investment Trust [2023] FCAFC 3, dismissing the Commissioner’s appeal from the Federal Court decision1 insofar as it related to section 100A of the Income Tax A
Read more
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,
Read more
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
Read more

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.
Read more
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. 
Read more
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.
Read more
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.
Read more
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. 
Read more
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.
Read more
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.
Read more
Foreign income and capital gains being incorrectly classified as ‘gifts’ or ‘loans’

Foreign income and capital gains being incorrectly classified as ‘gifts’ or ‘loans’

Are you an Australian resident for income tax purposes? The Australian Taxation Office (ATO) is concerned as foreign income and capital gains continue to be incorrectly classified as gifts or loans in a bid to avert or evade tax.
Read more
Family Law property settlements & extracting money from companies

Family Law property settlements & extracting money from companies

With the increased use of private companies to hold wealth or operate businesses, parties in family law property settlements are more and more likely to find themselves in unchartered territory when dividing the net asset pool.  Extracting cash or assets from private companies can trigger significant and unexpected tax issues. 
Read more
R&D Tax Incentive: EOFY Summary

R&D Tax Incentive: EOFY Summary

We have seen a number of developments to the Research and Development Tax Incentive (R&DTI) during the 2021 income year. 
Read more
Further ATO guidance and proposed risk-rating framework for intangible arrangements

Further ATO guidance and proposed risk-rating framework for intangible arrangements

The Australian Taxation Office (ATO) has released a draft Practical Compliance Guideline on Intangible Arrangements (PCG 2021/D4) in which it details its compliance approach and the risk assessment framework it plans to employ when considering the risk profile of intangible arrangements (IAs) operating between interna
Read more
Tax Planning

Why Tax Planning for 2021 is Essential

As accountants in agribusiness, tax planning is arguably one of the most important conversations we have with our clients.
Read more

Pages