Key Benefits
Tax Training
Nexia conducts eight tax training sessions per year which provide informative and practical coverage of a range of current and relevant tax and business topics. The monthly sessions are run in September to December, and March to June, each financial year.
The number of staff from your firm that can attend any session is UNLIMITED.
Each participating Nexia office* conducts the sessions exclusively for their member firms in their state/territory. You have the benefit of a nationwide pool of expertise, and closeness of delivery by your local Nexia firm.
Each month’s session is delivered twice; as a webinar, and then at an in-person session on another day. From one month to the next, each staff member can choose to register for the webinar or in-person session as they please.
Phone call service
Sometimes you come across a tax issue for a client where it would be helpful to ask a tax specialist about it.
Nexia’s phone call service allows you to call any of our tax consulting team with a tax query. We will endeavour to resolve your query or perhaps point you in the right direction. Whilst this is not intended to be a complete substitute for your own research, we place no limitation on the number of calls you can make. If we can save you just a small amount of time or frustration over a year, this alone pays for the annual membership fee.
Responses are only verbal and cannot be relied on as advice. If the issue requires any research or a written response is desired, we can provide a fee proposal.
Complimentary meeting
It is understandable that a client may be reluctant to commit to an engagement if they are not used to paying for specialist advice. Accordingly, we are more than happy to have a brief meeting with you and your client – free of charge. This allows your client to fully explain their circumstances and we can discuss the relevant tax issues.
Even if your client decides not to proceed any further, all it has cost is a small amount of their time. But this still enhances your relationship because recommending they see a tax specialist demonstrates that you are looking after your clients’ best interests.
Written advice
Tax is a risk issue for businesses, and just like any other business risk, it must be managed. Your clients pay insurance to manage the risk of their building being destroyed. In the same way, paying for tax advice is not just about getting the best tax result, it is also managing the risk of unnecessarily triggering a tax exposure. In addition, there are occasions where your client can only make an informed decision when the tax consequences are known.
Where your client is confronted with this kind of significant tax issue, written advice may be warranted. This can be tailored to the needs and risk profile of your client. The following issues are typically ones where a client should seek written advice:
- Qualifying for and applying the CGT small business relief concessions to a business or asset sale, including extracting the funds from a trust or company
- Sell the business assets or sell the company?
- Property transactions, including income tax, CGT, GST and main residence exemption
- More complicated trust losses or Division 7A scenarios
- Restructures, mergers and introducing or exiting owners of a business
- International tax issues
- Winding up entities.
Our advice is written in plain English. Your client will understand their position and be clear on anything required to be done or any recommendations.
