Services

Our Services

TAS provides both integrated in-house tax specialist services and tax specialist advice across a range of taxes including:

Income tax (including capital gains tax)
Goods and services tax
Fringe benefits tax
 

Integrated in-house tax specialist services

We work in your business to provide that tax technical edge. We are "on tap" to help with any aspect of your client service delivery that you may require.
 
Examples of the work we provide include:
 
Phone support for general tax queries
Risk identification reviews - are you sure you've considered all the issues?
Technical review of draft advice - is the advice right?
Full research / drafting of advice from beginning to end
Tax calculations (such as tax consolidations, thin capitalisation, Controlled Foreign Company attributed income )
Tax due diligence
 

Tax specialist advice

We also provide tax advice on specific issues as required. These can be "one-off" engagements.
 
Examples of the types of areas we provide advice on include:
 
Mergers, acquisitions and restructures
Tax effective structures incorporating asset v risk protection
Tax consolidations
International transactions and structures
Taxation of Financial Arrangements
Division 7A deemed dividends
Small business concessions
SMSF strategies and structuring (such as limited recourse borrowing arrangements and other structures for acquisitions within the SMSF environment)
2nd opinions
 

Want to know more?

If you would like to know more about how we can help you, please contact us via phone or email, or Request advice and we'll get back to you.
 
 

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Latest Tax Bite

Restructures of small businesses roll-over – Some limitations

The restructures of small businesses roll-over contained in Subdivision 328-G has applied since 1 July 2016.
 
Since then, some of the limitations of the roll-over have become apparent.  Here we consider two such limitations in relation to relatively straightforward restructures.
 
The first limitation relates to the ultimate economic ownership test, and the second limitation relates to the active asset test.
 
In relation to the ultimate economic ownership test limitation, consider the example of business assets being transferred from Company A to a new company, Company B, that is 100% owned by a new family discretionary trust controlled by the shareholders of Company A.
 
In such a situation, the ultimate economic ownership test (contained in paragraph 328-430(1)(c)) would not be satisfied as Company B would not be eligible for the ultimate economic ownership concession for discretionary trusts (contained in section 328-440) as the new family discretionary trust would not be acquiring the business assets directly itself, rather, these would be acquired by its subsidiary Company B.
 
In relation to the active asset test limitation, consider the example of an individual transferring shares in a trading company to a new family discretionary trust controlled by the individual.
 
In such a situation, the active asset test (contained in paragraph 328-430(1)(d)) would not be satisfied as the shares in the trading company would not be an asset that is used, or held ready for use, in the course of carrying on a business conducted by an affiliate / connected entity of either the individual or the new family discretionary trust (as required by subparagraph 328-430(1)(d)(ii)).

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If you would like to know more about how we can help you, please contact us via:

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