Tax Consulting

Norton & Smailes is a renowned and successful Western Australian tax specialist firm that distinguishes itself as a leader in tax consultation through its reputation for insight and precision.

Our dedicated tax professionals have extensive involvement in all industries. We are renowned for providing cost effective solutions for resolving specialised taxation issues and meeting the practical tax compliance needs of corporations and individuals alike. Our reputation for being one of Australia’s top taxation firms has been achieved by our ability to draw on our expertise in accounting, financial services, commercial law and litigation, in addition to taxation.

We are committed to providing tax law expertise through a comprehensive range of services in all areas of tax to ensure your needs are covered, including:

Income Tax:

We assist clients regarding personal and corporate income tax issues and provide comprehensive assistance in negotiations with the ATO and other revenue authorities.  

Capital Gains Tax (CGT):

Our professionals advise our clients in a diverse range of transactions, to identify the right tax solution in asset financing, capital management, investment and divestment to achieve commercially viable solutions, including:

  • Corporate restructuring and distributions
  • Mergers and acquisitions
  • Scrip for scrip rollover relief

Helping business owners minimise their CGT liabilities:

By drawing on our sound knowledge and extensive experience in assisting    businesses, we are able to advise clients on tax issues arising from the taking advantage of Small business CGT concessions, rollovers, discounts and exemptions. Whether selling your business, retiring, or undergoing a business structural transition, our team will identify the ideal tax solution to work within each client’s specific commercial parameters, including:

  • Small business CGT concessions – meaning of “affiliate”, “connected”, “active asset” and all related concepts.
  • 50% CGT discount
  • Depreciation and capital allowances
  • Partnerships and trusts

Trusts and Trust Deeds:

Norton & Smailes has extensive experience in dealing with trusts and trust deeds regarding all aspects of tax and tax planning. We are aware of the implications of the High Court Decision in Bamford and its potiential application to   trust distributions and in many cases, the amendment of trust deeds.

Transfer Duty, Pay-roll Tax and Land Tax:

Our specialist lawyers advise our clients on all stages of transactions to ensure the most efficient and cost effective outcomes for all   matters including:

  • Transfer Duty
    • Land holder duty
    • Business Acquisitions
    • Corporate Reconstructions
    • Property Acquisitions
    • Related party transfers
    • Vesting of trust assets to beneficiaries
    • Removal/addition of beneficiaries from trusts
  • Pay-Roll Tax
    • Grouping provisions and Exclusion Applications
    • Employee/Contractor
    • Exemptions
  • Land Tax
    • Minority interests
    • Aggregation
    • Valuation

Business Planning:

We understand the key to success in business is achieved by establishing close relationships with  clients and focussing not only on their current needs but anticipating their future requirements. By advising on immediate and potential tax issues, we assist our clients with family businesses continue to flourish.  

For further information about our tax consulting services, we encourage you to get in contact with  us.

 


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