Why Choose Us

Why Choose Us

Easy to deal with

Our approach is entirely flexible. You choose whether we deal with you behind the scenes or directly with your client.
You choose what the output of our work will be (for example whether it be a verbal response, written advice or a full blown reasonably arguable position paper).
You can also "top and tail" our advice into your own client advice on your letterhead. 
 

Free up your time

The time you will save on tax technical matters can be better spent generating new work and attracting new clients.
 

You're not "feeding the beast"

Other providers have large cost structures which your fees need to pay for - think marketing teams, human resource teams, IT departments and every other cost that doesn't directly relate to providing you with high quality advice.
Being a boutique firm, we don't have any of those costs, and we don't want them.
With us, your fees relate solely to providing you with high quality advice.
 

Scalable

Only pay for what you use. This is in contrast say to an employee that is paid regardless of whether there is enough high value work to keep them busy.
 

Work performed by highly qualified staff

Your work is performed only by highly qualified staff. You will not be paying hundreds of dollars per hour for inexperienced staff to prepare your advice.
 

External network

No one person and no one firm can be the best at everything.
So we have an extensive network of tax specialists available to assist as required.
The difference with us is that our network isn't constrained by firm employees that work on a general mix of tax advisory and tax compliance jobs (i.e. client manager tax specialists).
Rather, we utilise external tax advisory specialists that we call "specialist specialists" - tax advisory specialists that sub-specialise in a particular and narrow area of tax law.
That way, you can count on getting the best advice.
 

Your staff learn too

We are not about making our clients dependant on us. Your staff learn when they work with us.
For phone support for general tax queries we would normally provide you with a follow up email with links to the relevant technical support to help your staff learn as they go.
Our tax advice is prepared with technical support referenced in footnotes, so when reviewing our advice, it is easy to understand and follow the technical basis of our advice.
 

Ability to provide a broader range of services to your clients

By "tapping into" our tax advisory specialist skills, you can provide your clients with a broader range of services.
As your clients grow and their needs change, you can provide the next level of tax advisory services they require without the need for them to go to a competitor.
 

No threat to your relationship with your clients

Unlike other providers, we do not provide a full range of accountancy or tax compliance services, so you can feel safe that when you engage us to help, you won't be introducing your clients to the competition!
 
 

Request Advice


Latest Tax Bite

Active asset definition clarified for real property used in a business – Further update

On 13 January 2020 I wrote a Tax Bite about a Federal Court case that clarified the active asset definition for real property used in a business.  At the time, I wrote that I disagreed with the Federal Court’s decision, and hoped that the issued could be further considered by a higher Court.

Thankfully, the Full Federal Court has effectively reversed the Federal Court’s decision and ruled in the taxpayer’s favour.

By way of background, real property can be an active asset where it is used, or held ready for use, in the course of carrying on a business that is carried on by the taxpayer, the taxpayer’s affiliate, or another entity that is connected with the taxpayer.

The taxpayer had applied for a private ruling based on the following facts:

  • The taxpayer and his wife ran a business of building, bricklaying and paving through a family trust.
  • The property was used mainly for storing work tools, equipment and materials as work would be done on work sites.
  • On occasion, some preparatory work was done at the property in a limited capacity.

The Commissioner had ruled that the real property was not used in the carrying on of the business.  The AAT ruled in the taxpayer’s favour.  The Federal Court ruled in the Commissioner’s favour.  I summarised the Federal Court’s reasoning in my 13 January 2020 Tax Bite and I won’t repeat that reasoning here.

The Full Federal Court has now ruled in the taxpayer’s favour.  The Full Federal Court’s reasoning for concluding that the real property was used in the carrying on of the business is as follows:

  • “… the provisions conferring small business relief … should be construed beneficially rather than restrictively in order to promote the purpose of the concessions…”;
  • “… the language used … relevantly requires one to ascertain three matters.  One must determine the use of a particular asset; one must then determine the course of the carrying on of a business; and then one must see whether the asset was used in the course of the carrying on of that business.  These inquiries involve issues of fact and degree.  But because [the provisions] should be construed beneficially, no narrow approach to the consideration of these issues should be applied.  … It is sufficient if the asset is used at some point in the course of the carrying on of an identified business.”;
  • “… in our view [the relevant provision] does not require the use of the relevant asset to take place within the day to day or normal course of the carrying on of a business.  Nor does the provision require a relationship of direct functional relevance between the use of an asset and the carrying on of a business.  Such narrowing qualifications to the statutory test are not supported by the language of the provision, and are inconsistent with the need to construe that language beneficially.”; and
  • “… we are … of the opinion that the appellant’s property was used in the course of carrying on the business here of building, bricklaying and paving.”.

Share on
View Past Tax Bites Subscribe to Tax Bites
Want to know more?

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

Number0414 965 653
Copyright © 2012 Tax Advisory Specialists Sutherland Shire Web Design