Transfer Pricing Solutions (TPS) is pleased to reveal a new website to boot!
Benchmarking analysis requires access to third party databases to perform searches. For most companies, accounting and law firms, the licencing of these databases are cost prohibitive. Or if they can afford to licence the software, being such a complex area of tax, many companies and firms don't specialise in how to use the database effectively. This is where TPS new benchmarking website can assist.
With Transfer Pricing Benchmarking, you are now able to team up with us and be as involved in the process as you like in putting together a benchmarking analysis tailored to the particular circumstances.
Transfer Pricing Benchmarking's team provides advice that you can rely upon. Incorrect decisions at the benchmarking stage can have a huge impact, both financially and legally. The Tax Authorities around the world have focused on transfer pricing for the past 12 months and will continue to do so in the foreseeable future due to the enforcement of BEPS and country by country reporting. Therefore, you need to ensure your benchmarking analyses are defendable.
1. Reliable: Our benchmarking analyses are of high quality and defendable. We do not have a standard set nor do we re-use our searches. Each search is tailored to the client needs, based on the search request received.
2. Easy and cost effective: You can order a benchmarking analysis by completing our questionnaire available online or in a writable PDF. Our search request provides companies and advisors with the opportunity to be as involved as much or as little as they want. We provide a cost effective solution while providing a high-quality product, taking the burden and stress out of the benchmarking phase.
3. Reputable expertise: Our benchmarking team are multi-award winning and based in Australia and Singapore, with global experience in transfer pricing, our staff also have big four transfer pricing experience.
Thec Covid-19 pandemic has triggered the most severe recession and is causing enormous damage to the world economy. The economic downturn will impact a group’s transfer prices, analysis and documentation, more so with the BEPS Action Plans in place and the high level of transfer pricing scrutiny across the globe.
JobKeeper forms part of taxable income in the tax return. Makes sense, it is a subsidy against wages, so I am sure there are no surprises there, but how do you assess the arm’s length financial outcomes of the entity for transfer pricing purposes?
The ATO expect that Australian entities will retain the benefit of the JobKeeper payment they receive. So how do you treat the JobKeeper payments for transfer pricing purposes?