The business environment in which we operate means that, regardless of the size of your business, the management of tax risk is a core issue.  Tax risk impacts on every aspect of the business either directly or indirectly.  Transactional and operational decisions along with changes in the market and your business’ financial position can all affect its tax risk profile.

All too often the responsibility of managing tax risk is dealt with solely by the tax team.  Changes in the regulatory and governance landscape, however, mean that chief executive officers, chief financial officers, audit committees and tax and accounting teams all need to feel confident that an effective tax risk management policy in place.

Managing task risk involves far more than dealing with Australian Tax Office (ATO) audits, it permeates all phases of the business’ decision making process and can affect its commercial success.

We can help you to proactively identify and mitigate risks before they arise.  Our team can assist you in developing a framework for managing tax risks across all business units and provide you with the tools to minimise these risks.

We recognise that tax risk management is not solely about tax minimisation, there are times where it may be commercially beneficial to take a risk.  Our professionals can provide a clear assessment of existing or potential tax exposures in relation to the expected value of a transaction or operational decision.

William Buck’s tax team has vast experience across all areas of tax and more specialist expertise in enterprise risk.

Our tax team understand that each business is different; size, industry, location, operational capability and culture will all affect your business’ tax risk profile.

We take the time to really understand our clients’ businesses and the way in which they operate in order to achieve the best possible tax outcome for our clients.

How we can help

  • Tax risk management strategies
  • Prudential tax audits to identify exposure
  • Statistical reviews
  • Industry benchmarking
  • Liasing with the ATO

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All the Latest From Our Tax Services Team

Accounting and tax considerations of biotech companies conducting clinical trials in Australia

Posted By William Buck News on 21/09/2020 03:55:45 am

With its high-quality facilities, state-of-the-art testing equipment and generous government incentives, Australia is a popular location for biotech companies to conduct clinical trials. For the…

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Federal Government Economic and Fiscal Update

Posted By William Buck News on 10/09/2020 11:47:59 pm

Treasurer Josh Frydenberg and Senator and Finance Minister Mathias Cormann today announced some unsurprising numbers as part of an Economic and Fiscal Update ahead of…

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Government's proposed R&D changes - key points to cut through the noise

Posted By William Buck News on 27/08/2020 01:36:06 am

Earlier this week, the Senate inquiry’s report into the Government’s proposed cuts to the R&D tax incentive was delayed yet again – this time until…

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Outsourcing R&D Tax Incentive assistance to ensure your claim is eligible

Posted By William Buck News on 26/08/2020 05:10:23 am

Many R&D Tax Incentive (RDTI) claimants are surprised to discover that successfully registering an R&D claim doesn’t necessarily mean their claim is eligible. In most…

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