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

Is your Financial Reporting up to standard?

Posted By William Buck News on 11/07/2019 05:07:40 am

The William Buck Financial Reporting series has wrapped up for the year, providing finance professionals with the latest insights to help their business. Covering various…

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R&D tax incentive - what software companies must do from here

Posted By William Buck News on 03/07/2019 05:45:43 am

How to meet the rules and minimise risk Since late 2018, one of the biggest talking points in the Australian startup community has been the…

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Seasonal holiday homes on ATO radar this tax season

Posted By William Buck News on 26/06/2019 04:04:04 am

Commentary from Craig Barry, Director of Tax Services at William Buck Accountants and Advisors Increased sophistication of data-matching means holiday houses rented on common share…

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Investment property deduction mistakes at tax time

Posted By William Buck News on 25/06/2019 05:11:14 am

The ATO are cracking down on investment property deductions this tax season. Here’s two classic mistakes and how to avoid them. The ATO reported last…

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