Advisers to SMEs and owners of these organisations are constantly called upon to advise on an incredibly wide range of tax issues and transactions. In addition, SMEs are becoming increasingly sophisticated, and have an expectation of receiving value added solutions from their advisers.
Given the significant tax reform that has occurred and the continuing ongoing tax changes, including the ATO altering its long standing position on various matters, it is incumbent on all advisers to keep up to date with the changes. More importantly advisers that are aware of the most recent issues and solutions will ensure that they remain ahead of the competition as preferred advisers to SMEs.