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Tax consolidation for SMEs


Tax consolidation is often misunderstood as an area of tax law only applying to big, diverse companies. Many advisers do not understand the potential uses for it in a small-to-medium enterprise (SME) environment. This article provides an SME adviser with an understanding of: different situations where tax consolidation may benefit their client; the tax consolidation calculation and issues that may arise when they apply it; how to structure into a tax consolidation environment and achieve an appropriate outcome for their client; how to manage tax losses in a consolidation environment; and how to set up a client for a future transaction involving tax consolidation. The article enables an adviser to understand the potential benefits such that they are not afraid to suggest to their client that they use tax consolidation in their structuring decisions.

Author profile

Simon How CTA
Simon is a tax consulting partner at Bentleys SA. Simon provides specialist taxation advice with a focus on clients in the SME & International market. Simon regularly provides advice on tax aspects of deals, structuring and restructuring groups with a particular focus on tax consolidation and CGT outcomes. Simon has over 23 years experience in public practice and with the ATO and is a regular contributor to the Taxation Institute and other relevant bodies. - Current at 11 December 2020
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