Tax Advisory

The process of buying or selling a business can be complex and involves a wide range of tax considerations. Our team of expert tax advisors guide you through this process, taking time to explain any tax-related issues, so that you can make informed decisions.

We support you by:

• Advising on the tax implications of buying or selling a business
• Assisting with the negotiation of tax-related provisions in purchase or sale agreements
• Conducting vendor/purchaser due diligence to identify any potential tax issues
• Providing guidance on structuring the transaction tax effectively
• Assisting with the preparation and lodgement of tax returns related to the sale or purchase of a business

Succession planning is critical for every business. It ensures a smooth transition of your business to the next generation – whether that is a family member, employee, or outside party.

Getting started with succession planning is something that should happen sooner rather than later, as the transfer of ownership and management of a business is something that should be planned strategically to ensure all parties are happy with the outcome.

Our succession planning services support you by:

• Identifying and developing potential successors
• Developing a plan for transferring ownership and management of the business
• Advising on strategies to manage the tax costs related to transferring the business
• Providing guidance on estate planning matters related to the business
• Assisting with the implementation of the succession plan

Choosing the right business structure can have significant tax and asset protection implications.

Whether you choose to structure your business as a sole proprietorship, partnership, trust, or company, it’s important to consider your goals and needs when making this decision.

An entity structure also needs to be flexible, allowing for growth and changing circumstances.

Our entity and business structuring services assist by:

• Helping you understand the tax implications of different business structures
• Advising on the best business structure for your specific circumstances
• Assisting with the formation of a new business entity, including working with legal advisers
• Providing guidance on reorganising an existing business entity in a tax effective manner
• Advising on business succession planning and exit strategies

Dealing with disputes or litigation can be a stressful and intimidating process. Business disputes often involve complex financial and tax issues, and it’s important to have expert guidance to navigate this process.

Our team of experienced professionals has the expertise and knowledge to help you resolve your dispute in a timely and effective manner.

Our business dispute tax litigation support service assists you with:

• Helping you navigate the tax implications of resolution proposals
• Working with your legal advisers to ensure any dispute resolution is structured in a tax-effective manner
• Providing expert testimony in legal proceedings related to business disputes with tax implications
• Advising on the tax consequences associated with business dispute settlements
• Assisting with the preparation of tax returns and other documents related to the dispute

Regulators and other stakeholders are increasingly demanding that SMEs have structured governance and risk management frameworks in place.

Business and tax governance refers to the system of rules, practices, and processes by which an organisation is directed and controlled.

Our governance service can assist with:

• Providing guidance on best practices for structured governance and risk management frameworks for your organisation
• Assisting with the development and implementation of structured frameworks
• Advising on tax governance matters, such as compliance with tax laws and regulations
• Conducting risk assessments to identify potential areas of non-compliance

Our team can help if you’ve been selected for a tax review or audit by the Australian Taxation Office (ATO) and need expert guidance and support. An ATO review or audit can be a stressful and intimidating experience, but with the right support, you can navigate the process with confidence.

Our team of experienced tax advisors support you by:

• Providing guidance on how to prepare for an ATO review or audit
• Dealing with the ATO on your behalf during the review or audit process
• Advising on the best course of action to take in response to the ATO review or audit
• Negotiating with the ATO on your behalf to reach a suitable resolution
• Working with your legal advisers and providing expert testimony in legal proceedings related to the audit if required