Business taxes, tax concessions and international tax
OUR FOCUS
Tax follows every commercial transaction that is made. Its impact is too real to ignore and pushing it aside for review at the year end as part of your compliance obligations can leave you with an unnecessary and expensive tax liability.
At MPB Legal we take the view that each commercial transaction is driven by commercial and tax imperatives.
Our focus is to assist our clients to structure and plan their investment portfolio and business operations in a tax effective manner.BUSINESS TAXES
At MBP Legal we can provide business tax advice in the following areas:
- Entity tax advice – companies, tax consolidated groups, joint ventures, partnerships, trusts, sole traders
- Indirect business taxes – GST, payroll tax, fringe benefits tax
- Tax administration – assistance with negotiating tax disputes, lodging private rulings and contesting tax assessments
TAX CONCESSIONS
There are many tax concessions available under Australia’s tax laws. Tax concessions may operate directly, such as a franking credit reducing your primary tax. They may also operate indirectly by allowing tax benefits to flow though entities in which you hold a significant interest.
Our taxation team can advise you on whether you are eligible to access the available tax concessions and assist you when you are restructuring your business to ensure you obtain the maximum benefit from the available tax concessions. This includes:
- use of the general 50% discount on capital gains tax (CGT)
- applying the small business CGT concessions
- utilising the CGT rollover concessions on a business restructure or asset acquisition
- strategies that capture superannuation tax concessions
INTERNATIONAL TAX
Australia’s tax system incorporates an international taxing regime that captures cross border transactions and cross border investments.
At MBP Legal we can advise you on and assist you with the operation of Australia’s international tax regime and how to manage its impact- the operation and application of various withholding taxes including – interest, dividend and royalty withholding tax
- if you are subject to an accruals system whether you are liable to tax on your interest in offshore companies and trusts
- whether as a foreign resident you hold “Australian taxable property”
- wether a transfer between your Australian resident company and a non resident associate will be subject to “transfer pricing rules”
OUR TEAM
Peter McCrohon – Partner
B.A. LL.B. M.Com. M.Tax. FTIA
Direct Line: 9220 9620 Email: p.mccrohon@mbplegal.com.au
Karin Bergseng – Partner
LL.B. (Hons) M.Tax. FTIA
Direct Line: 9220 9601 Email: k.bergseng@mbplegal.com.au
Stacey Smith – Senior Lawyer
LPAB M.Tax (Syd) ATIA
Direct Line: 9220 9640 Email: s.smith@mbplegal.com.au
