GST is a relative newcomer to our Australian tax landscape and it is still largely untested at law. It contains a bewildering array of inconstancies, anomalies and traps for the unwary. But when well managed and understood it can provide essential business cashflow opportunities and can differentiate your products from other less well structured businesses to provide you with profitable opportunities. We can provide comprehensive advice on GST issues that are affecting your business to ensure you understand and meet your obligations as well as minimising your tax liability. As a consequence of this, you will have more time to focus on your core business.
We provide a vast array of Goods and Services Tax services which broadly fall into the following categories:
- Planning for GST
- Small Business Concessions
- Taxation Minimisation
- Property Development
- Business Structures
- Exempt Supplies
Planning for GST
Like most things to do with Australian tax , it is often the decisions you make about how to conduct your business that determine its tax efficiency going forward. We understand the strategic value of good tax planning and we recognise its importance in the GST regime.
Small Business Concessions
Yes size does matter! While the big end of town has the best lobbyists to argue for their own form of low tax rates, it’s the small business community who make up the biggest proportion of the voting business community. Accordingly it’s not surprising that there is a raft of concessions available to small businesses to manage their GSTtax affairs. These concessions are complex and very specific and of course they are well hidden and poorly marketed by the tax authorities. With good advice and planning small businesses can enjoy substantial tax reductions and cost efficiencies in connection with your GST obligations.
We can assist you to analyse your business and extract maximum value from these business concessions.
Pay what you are obliged to pay and not a cent more. Anything else is a donation that can probably be better directed to your cause of choice rather than via the ATO.
We can assist you to plan your business tax affairs to ensure that you are not paying more than you are obliged to pay.
It’s a complex tax system and it impacts on almost every transaction you enter into. We can provide comprehensive advice and ensure your business complies with the GST legislation.
There are complex rules surrounding property development that if not managed carefully can lead to very poor taxation outcomes. We have extensive experience in GST implications of property developments and we can help you plan ahead to minimise the tax costs of your land or property development.
Your choice of business structure can often have a material impact on the way the GST laws interact with your business and your clinets.
Many goods and services have exempt or concessional GST treatment and the rules can be complex for some products and supplies in particular.
We can provide comprehensive advice on GST relating to exports.