While the rate of the GST in Australia has not changed for over 25 years, the complexity of the tax and the system and compliance expectations surrounding it, continue to grow. For taxpayers, getting it wrong on the GST can not only burn holes in the business’ bottom line, but also the pockets of the directors.
Our Approach, No Surprises
The Tax Navigate approach to GST compliance is one of no surprises - understand your issues and systems weaknesses before the Tax Office does. But compliance is also more than managing risk, it is also about making sure you claim all of your entitlements – not a dollar more, not a dollar less. Therefore, ensuring tax efficiency is also a focus of our work.
Classification, attribution, non-monetary consideration, GST recovery and threshold application to name a few. There are very few GST technical issues we have not encountered across all industry sectors.
Managing the ATO
From obtaining private rulings to supporting and leading audit defences, having someone in your corner who knows the playbook inside out from both sides of the fence, is invaluable.
Data analytics
With the GST being primarily a systems-based tax, not understanding your data or testing it, increases your risk of non-compliance and places you further up the ATO’s risk radar. Tax Navigate has a range of data analytics and preparation options available to support your indirect tax data needs.
Compliance
We offer expert support for your compliance process, tailored to your specific needs. From lodgement preparation and review, to outsourced function services, we have a solution to both your short-term or long-term requirements.
