Tax & GST Returns

As experienced Accountants who have lodged thousands of Income Tax Returns and Business Activity Statements, we can assist in ensuring that you pay the right amount of tax and GST.  We can teach you how to improve your record keeping yourself using a variety of software solutions or if you do not have the time or inclination, we can do it efficiently for you.

Self Managed Super Funds

At KP Partners we provide the professional advice you need to establish and operate your own Fund and prepare financial reports that you can easily understand and check on the financial performance of your Fund’s investments

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Tax Facts - General Value Shifting

The General Value Shifting Regime (GVSR) applies to arrangements that shift value between assets, causing discrepancies between the market values and tax values of the assets. Most value shifts happen when parties don't deal at the market value, causing one asset to decrease while the other increases.

Three scenarios are targeted under the GVSR. Exclusions apply to small values in each of the scenarios, as follows:

Generally, the GVSR does not apply to normal commercial dealings conducted at market value, or dealings within consolidated groups. There are several other exclusions and safe harbours in the rules.

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