TAX ADVICE & STRATEGY
The Australian tax system is one of the most complex in the world. Generally, you only get one chance to get it right.
Hayes Knight’s tax advice team can help you get it right.
Typically, our clients seek our advice when they are:
Capital Gains Tax (CGT), transfer pricing, Goods and Services Tax (GST), international taxation – there are thousands of pages of legislation and a myriad of traps that you can get caught in if you don’t get it right the first time.
You might need specific advice or simply want to talk to someone about the tax strategies available. Our team can help you better understand your position, identify the options available, and deliver the best possible outcome.
Structuring & Restructuring
A commercial decision or pathway you take today can have a myriad of tax consequences in the future. The difficulty is knowing how to align the commercial needs of your business with its tax requirements in a way that produces the best possible result.
Working with you, we can help you identify potential problems before they occur and give you a secure way of ‘test checking’ your thinking with independent and commercially astute advice.
We can help you find the right solution not just for tax purposes but for the future of your business, regardless of whether you are:
And if you need it, we can also help you resolve existing tax problems.
Buying & Selling Assets
Hayes Knight has a specialist team to guide you through the purchase or sale of assets.
If you are selling an asset and make a gain you expect to pay tax on it but the amount of that tax liability can vary significantly. Planning before acting, or simply asking one of our tax specialists to talk you through your options, can make all the difference.
The events that trigger tax implications are not necessarily obvious. For example:
Hayes Knight has specialist expertise in this area to assist. We have helped many businesses and individuals manage their tax position and avoid unexpected tax bills.
R&D Tax Incentives
Research & Development (R&D) incentives offer an opportunity to offset the cost of innovation.
The R&D tax incentive currently provides either:
The complexity of the eligibility criteria and stringent substantiation requirements often mean that operators are often uncertain whether they qualify for the incentive or whether the cost of compliance is worth the rewards.
This is where experience helps. The Hayes Knight tax team has extensive experience in assessing, advising, and managing the R&D tax incentive application process for clients. We can help you access the tax incentives by:
Experience and knowledge are essential when it comes to international tax issues as often there are very few warning signs that you have a problem. Hayes Knight’s tax team can help.
If you are:
Then, we can help.
Australian tax rules are particularly complex in their treatment of business and investors likely to move money across borders. We work with you to align your commercial needs with the regulatory requirements here and overseas. A few of the more common problem areas include:
While these rules seek to address very specific issues, they can often have consequences for the normal commercial operation of a business working across borders. You need to be across the rules and know how to avoid paying more tax than you need to. Equally, you need to ensure that you are not exposed to unnecessary risk.
Because we know that strong local knowledge is important and can overcome many potential problems before they arise, we are an independent member of Morison KSi, a global association of leading professional service firms, established to meet the cross-border accounting, auditing, tax and business consulting needs of clients.
Safely manage related party pricing across borders
How related businesses deal with each other across borders is an increasing focus for regulators around the world.
In Australia, increasingly prescriptive rules targeting profit shifting and multinationals place a greater burden than ever on your business to demonstrate that your related party pricing is at arm’s length and is supported by adequate documentation.
Failure to get the details right can result in prohibitive tax penalties.
Hayes Knight’s tax specialists are experienced in:
Need assistance? Contact Linda Jing on +61 2 9221 6666