The compliance requirements in the area of taxation are often
varied and complex and have an extensive impact on independent and
religious schools. At Moore Stephens, we structure your systems and
processes to assist in the management of taxation compliance and
ensure all major facets of your operation are addressed.
The school education framework in Australia is undergoing
critical change. As a result, schools are under increasing pressure
to educate students while negotiating a constant shift in
legislative, fiscal and economic requirements.
We understand the difficulty inherent in managing these
challenges while keeping abreast of your taxation obligations.
Keeping tax front of mind can be both time consuming, complex and
risky – with the potential of non-compliance resulting in
financial penalties but also impacting on brand image.
There are a number of areas of taxation compliance that require
diligent and quality process systems, to ensure that you comply
with taxation regulations, as well as deliver financial value to
your employees and stakeholders:
GST in non-core business areas.
Deductible gift recipient approval in the operation of building
and library funds etc.
FBT coverage regarding salary packaging.
Superannuation guarantee compliance in contracting with third
How we will help you
Moore Stephens has built a National Education Group – a
team of dedicated education specialists who share a wealth of
experience in their work with independent colleges, private and
religious schools of Australia.
At Moore Stephens, we see your tax planning as an ongoing
relationship. We monitor your taxation affairs on an ongoing basis
and ensure that taxation implications are considered as part of
your commercial decisions; thereby avoiding unnecessary tax
liability in the future.
Our specialists will help you establish appropriate systems to
improve the management of the taxation requirements of your school.
Our integrated approach helps to create a management framework
which predicts your exposure, and provides the ability to quickly
and accurately respond when necessary.
Finally, our experienced professionals can ensure you are
prepared in the event that you are audited by the Tax Office. Our
advice can help alleviate the confronting burden of this process
and potentially save you thousands of dollars in tax, penalties and
Tax Health Checks
Moore Stephens has developed a set of 'Health Check'
reviews for the key fiscal areas of your organisation, including
taxation. The review process will follow 5 steps, as outlined on
the next page.
The 'Tax Health Check' review process
Step 1: Engagement
Meet with your team to confirm the approach.
Step 2: Research
Identify documentation to assist us in the performance of a
taxation assessment review, such as Strategic plan, Procedure
manuals and delegation authorities.
Step 3: Review
Meet with your team and conduct the assessment using our unique
Taxation Health Check Tool.
Step 4: Report
Draft Taxation Assessment Report and discuss with your team.
Step 5: Finalisation
Finalise report with your team and meet with the board to
Coordination and Control
The overall coordination of the Governance Review Health Check
is the responsibility of your relationship partner who maintains an
involvement throughout the review process. We will monitor progress
and inform you of any unexpected deviations from the planned
We think about your future. We plan for your future. We alert
you to opportunities and assist in identifying potential risks.
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