An exclusive service for members of the Institute of Financial
The services Tax Australia provide are offered only to members of the Institute of Financial Professionals Australia (IFPA). This means Tax Australia will only ever have a relationship with IFPA members, not with their end clients, and we cannot be appointed as an end client’s tax agent.
In other words, we never compete with our members for a client’s business – our sole purpose is to support and develop IFPA members, by helping them work through difficult technical issues they encounter in providing services to their clients.
Tax Australia can provide researched and fully tailored written advice, detailing the facts of the matter and discussing the relevant legislation, ATO views, case law and other source materials as they apply to those facts. Other than for simple matters, all commentary in our advice about how the tax or superannuation laws operate and apply to the circumstances will be fully referenced so that members can review our advice and understand how we came to our conclusions.
ATO private ruling requests:
Tax Australia can assist members in preparing requests for Private Binding Rulings from the ATO. We can review an existing draft prepared by a member or provide assistance with the drafting of the request itself. Our advice helps members ensure their clients have the best opportunity to receive a favourable Private Binding Ruling outcome.
Audits, objections and other ATO interactions:
We are uniquely placed to help members whose clients are under investigation by the ATO or who otherwise need assistance regarding their interactions with the ATO on behalf of their clients.
This can include us reviewing drafts prepared by a member on behalf of their client, or assisting with the drafting itself, of objections to ATO assessments or responses to ATO position papers.
We can provide other services to assist members in this area, including liaising with ATO officers, participating in negotiations, or providing strategic advice. We encourage members requiring this type of assistance to reach out for a discussion of how we can best assist them in getting a fair and reasonable outcome for their client.
Tax Australia can also review and provide comments and feedback on draft client advice, or other tax calculations or positions, prepared by members.
If there are any other issues, whether technical or procedural, which members need some help to work through, we welcome them contacting us for a conversation about how we might be able to assist in the specific circumstances.
Tax Australia can provides advice on most areas within Australian Commonwealth tax legislation.
Our tax specialisations include:
Capital Gains Tax (CGT)
Small business CGT concessions
CGT main residence exemption
Restructuring and CGT roll-overs
Taxation of Trusts
Taxation of deceased estates
Goods and Services Tax (GST)
Tax consolidation and GST grouping
Personal Services Income
Allocation of professional firm profits
Pay as you go (PAYG) withholding
Fringe Benefits Tax (FBT)
Superannuation Guarantee Charge (SGC)
Administrative penalties and interest
LIMITATION ON THE SERVICES WE CAN PROVIDE:
Tax Australia is registered to provide tax agent services with the Tax Practitioners Board, such that we can advise on most areas of legislation under the general administration of the Commissioner of Taxation. However, we are not registered legal practitioners and we do not hold an Australian Financial Services Licence (AFSL). Therefore, we do not offer legal advice (other than advice also within the meaning of tax agent services), or advice on state taxes, or advice with respect to Self-Managed Superannuation Funds (SMSFs) or other financial products.