Managing your tax obligations - not only can you reduce your risk, you can also increase your after tax return. Polson Higgs have a specialist tax team who have the expertise to assist you.
By managing your tax obligations, not only can you reduce your risk, you can also increase your after tax return. We provide practical advice and work with our clients to maximise savings and minimise tax. We are outcome focused and will aim to provide you with practical solutions to your problems.
Tax law is complex and changes constantly. The Tax team can offer you solutions no matter how big or small you are. Our clients range from sole traders to multimillion dollar businesses and Government agencies.
Below are some of our areas of expertise. In addition to this we have expertise in a number of industries.
Come and talk to us and see how we can assist you.
Personal and Corporate Tax
We understand how each client has different needs and cater specifically for that need. Our services range from preparation of tax returns to tax advice and tax planning from individuals to corporates.
Our role is to assist with your day-to-day tax compliance, annual tax compliance, one off tax reviews and opinions, when advice is required.
Being proactive and getting good tax planning and structuring advice can ensure that you have the best use of your assets and minimise tax where possible.
Trusts and Estates
We can assist you with structuring your affairs in a tax efficient manner with a view to protecting your assets and minimising tax. Trusts are a great tax planning tool if set up and used appropriately.
There are a variety of different tax consequences for Trusts, particularly around non-resident settlors, beneficiaries and regarding associated party transactions. Accordingly it is important to plan and get the set up correct right from the start.
Estates also have different tax requirements and we will be happy to help you with the compliance or structuring relating to Estates.
IRD Audits/Risk Reviews/Queries
What may seem to be a quick or innocent question from IRD, if not appropriately responded to can become a lot more complex taking many hours/years to resolve.
Come and talk to us and we can help you manage this process right from the start identifying risks, manage communications and reduce any penalties and interest that maybe imposed.
GST and Indirect Taxes
Goods and Services Tax (GST) is intended to be a tax on the final consumer and not a tax borne by businesses.
However, in many cases GST can be complex and if not appropriately managed can result in a true cost to business or can cause significant cash flow problems.
We can help you with all your GST needs from compliance, one off queries, to GST disputes.
International Tax & Non Residents
International tax is a complex area and can be hard to navigate through. Double taxation can occur significantly increasing the tax cost and reducing returns.
We can assist you with your international tax queries at a personal or corporate level. We are part of the Leading Edge Alliance, the second largest international professional accounting organisation, and through this we know the right people in the right place to assist you manage your overseas obligations.
Many people are also unaware that there could be tax implications in relation to their offshore pensions and superannuation schemes.
Let us see how we can help you understand tax implications associated with your offshore activities.
Due Diligence, Acquisitions and Divestments
It is important to ask the right tax questions and perform the necessary due diligence when you are buying a business. Likewise if you were selling a business prospective purchasers will want tax information available for review.
We can step you through the right process and ask the right questions to avoid pitfalls in the future.
We provide practical advice and work with our clients to maximise savings and minimise tax. We are outcome focused and will aim to provide you with practical solutions to your problems.