Are you thinking about moving to and working in Australia? Are you in the process of obtaining a visa? If you are, then Hayes Knight can assist you with your Australian taxation and accounting needs.
Whether you intend to set up a business or work as an employee, we will consider your individual circumstances and ensure you meet your taxation and visa obligations.
Business – Your visa obligations and how they interact with business
If you intend to set up a business in Australia there are a number of issues that you will need to consider. Hayes Knight can help you with getting your business off the ground, the day-to-day tax and compliance issues and growing your business.
Hayes Knight are able to advise you in the following areas;
Business opportunities
- Business reviews (due diligence)
- General advice on business in Australia
Business structuring
The correct business structure is extremely important for migrants as it may impact on visa, taxation and commercial requirements.
Taxation issues
Making the most of available tax concession during your entry into Australia
Banking
Assistance with Australian banking issues
Accounting and taxation requirements for setting up your business
- Accounting software selection
- Registrations and corporate compliance
- Ongoing tax issues – e.g. PAYG, quarterly or monthly business activity statements
- Annual taxation compliance and reporting
Life assurance and estate planning
- Life cover
- Wills
Individuals – Your visa and taxation obligations
We can assist you with all of your Australian compliance needs. Hayes Knight can help you achieve the best tax outcome and assist you with planning for your future in Australia.
Hayes Knight are able to advise you in the following areas;
Taxation issues
- Understanding the point at which you will be treated as a resident of Australia for tax purposes and how this will impact on the taxation of your income and assets
- Ensuring that your international assets receive the most favourable tax treatment once you are treated as an Australian resident for tax purposes.
- Making the most of available tax concessions during your entry into Australia
- TFN application and preparation of your annual income tax return
Salary Packaging
Includes advice regarding Living Away From Home Allowance and the tax implications for you and your employer
Retirement and Superannuation
- Setting up a Self-Managed Superannuation Fund (including organising approval to receive UK pension transfers)
- Pensions – transfers and withdrawal
- Superannuation planning opportunities
Investment
- Deciding whether to sell or transfer ownership of assets prior to entry into Australia
- Setting up appropriate investment structures
- Advice regarding available tax concessions
If you need an adviser who can help you with your transition to Australia, then contact us today.
