Tax and Accounting #3

Various Mazzcorp Partners clients have experienced (technical) tax and accounting issues brought about via the recent case law handed down in the Bamford and Harts cases. These rulings and cases predominantly deal with the payment and distribution of taxable profits as well as the tax deductibility of interest that has been incurred via “pooled” loan accounts and sub-accounts. By carefully examining the various clients’ current arrangement, explaining the technical issues that have been brought about these 2 recent cases, Mazzcorp’s senior management team was able to restructure the clients’ affairs to ensure that any taxable distributions complied with the decision handed down in the Bamford case and the ATO interpretation of the court’s decision, and also maximised the amount of deductible interest that could be claimed for taxation purposes.

Tax and Accounting Services Provided;

  • SME Business taxation Services
  • Structuring the setup and exit of businesses
  • Capital gains tax planning advice
  • Salary packaging
  • GST& BAS advice
  • Fringe Benefits Tax
  • Effective tax planning and tax minimisation
  • R&D Tax concession advisory services
  • Employee share option plans
  • Taxation ruling guidance such as the Bamford  / Harts Cases

Our experienced team of business taxation accounting managers have undertaken many challenging Corporate Business taxation engagements for a number of private and public enterprises in a diverse range of industry sectors, meaning we are able to provide unique insights into taxation advice and tax planning strategies for your organisation.

In order to fully understand how our specialist corporate business taxation services can benefit your enterprise; call Mazzcorp Partners to arrange an obligation free consultation to discuss your immediate business taxation and tax planning requirements.

The information contained herein should not be considered personal financial, legal or taxation advice as it is intended to provide information of a general nature only. The information contained in this document may not be appropriate to your individual needs therefore you should seek specific business or personal financial, legal and taxation advice before making any financial or investment decisions.