While the tax affairs of an individual may ordinarily be quite straightforward, certain people may be faced with a transaction or particular circumstance which is more challenging. Our Tax Advisory division has the specialist expertise to help.
Who we help
These are just some of the types of people we typically advise:
• High-net-worth individuals with complex tax affairs
• Australian expats living overseas or repatriating to Australia
• Foreigners working in Australia
• Employees who participate in Employee Share Schemes
Our Tax Advisory division is also trusted by other professional service firms (especially accounting and law firms), so if you already have an accountant or legal team, we are happy to work together with them to get you the best possible outcome.
Our approach
We provide tax advisory services in the form of transaction advice and tax compliance services.
While the tax affairs of an individual may ordinarily be quite straightforward, certain individuals may be faced with a transaction or particular circumstance which is more challenging.
For example, we can assist an individual who is posted overseas for work to understand their tax residency status while they are based there. Alternatively, an employee may be offered shares under an Employee Share Scheme, and we can outline the tax implications of being granted those shares.
During our initial meetings we will work to understand your situation. In some cases, you may just need insights and information, while in other situations we can propose potential ways to reach the best outcome.
Throughout the process we provide you with clear explanations of the relevant legislation and our advice, so that you can make informed choices.
What we do
These are just some examples of some of the things our Tax Advisory experts can help with.
- Income tax
- Capital Gains Tax and Capital Gains Tax concessions
- Division 7A compliance
- GST consequences of particular transactions
- Sale and purchase transactions and due diligence
- Navigating Australian Taxation Office (ATO) and State Revenue Office (SRO) audits
- Tax planning generally
- Tax-effective structuring
- International transactions
- Business structuring advice
- White label tax advice for accounting and law firms
- Complex tax compliance
- Salary packaging
- Succession planning
- Employment taxes and other specialty taxes
- GST, Stamp Duty and Indirect Tax advice and compliance
- Property transactions
- Tax due diligence reviews
- Asset sale reviews
- Tax risk management and governance
- Expatriate taxes and global mobility
- Employee remuneration planning and share schemes
- Small business CGT concessions
- Asset protection (including separating business operations from investment assets, insurance, directors’ guarantees)
Why choose us
• Our Tax Advisory division is led by Tim Olynyk who has 30 years of experience in providing tax advisory services to people who have complex tax situations
• Tim has a legal background meaning he can interpret complex transactions and legislation to provide practical and accurate advice to clients
• We can translate the complex into easy-to-understand, actionable steps. We can also help you with the implementation of our advice to take the pressure off you
• All members of our Tax Advisory team have a high level of technical and specialist knowledge
• We can also work with your existing accountants whether in Australia or overseas to make sure your tax returns are harmonised across the relevant jurisdictions
What our Tax Advisory clients say
My tax affairs are complicated. Tim works diligently with my US accountants to make sure that my tax return is accurate and I am not paying tax twice!
Meet our Tax Advisory experts
As part of our broader team, these are two of our senior Tax Advisory experts.
FAQs
We pride ourselves on being very transparent and providing value for money. In almost all cases we quote the work in advance and provide a detailed breakdown so there are no hidden surprises.
Our Tax Advisory division provides advice and tax compliance services for more complex scenarios that a standard accountant may not be able to help with.
As an example, we assisted a senior executive of a listed Australian company who was posted here from overseas with advice on his tax compliance affairs in Australia. This included recognition of his employee share plan income and foreign tax credits for tax paid in his home jurisdiction.
Of course! We regularly provide a wide range of tax consulting services to professional services firms who have an individual client with a more complex situation.
Just as one example, an individual may be posted overseas for work, in which case we may be engaged to provide tax advice on the individual’s tax residency status and the implications resulting from either being a non-resident of Australia or remaining as a resident of Australia.
Get in touch!
Reach out to your Tax Advisory experts for help with any complex tax questions or situations you would like guidance on.
Contact us
Need a PDF explainer?
Download our Tax advisory for individual’s brochure here.
