Partnering With Accountants

Partnering With Accountants.

It’s important to use the right professional for the right job with the right level of expertise.

We’ve been operating as Transfer Pricing specialists for more than 25 years. TP is what we do. Whilst we are also accountants by trade, we operate solely in the TP space. We live and breathe TP. Which means we can help you best service your clients and ensure they remain confident that you’ll manage their tax obligations with their best interests at heart.

We’ll work together with you and your client for the best outcomes.

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We are a boutique Tier 2 transfer pricing firm that partners with Accounting firms, applying our experience and expertise in transfer pricing to provide, prepare, document and assist in defending your client’s international related party transactions.

We currently perform a significant amount of work for second tier/suburban accounting and law firms on a regular basis; those that have no experience with transfer pricing themselves but that want to service their clients and avoid your client using larger firms and potentially losing them. We make you look good!

Frequently Asked Questions.

Why Transfer Pricing Solutions? What experience do you have?

Our team has extensive experience in various areas of transfer pricing including:

transfer pricing planning
documentation requirements
planning and compliance related to Base Erosion and Profit shifting (BEPS) action plan
assisting in client risk reviews and audit defenses
advising effective international planning structures.

What industries are you skilled in?

We have expertise advising companies in most industries including:

financial institutions
pharmaceutical
software
resource sector
food and beverage companies
manufacturing and distribution
retail and services
fin tech / SAAS
asset management
commodities and trade
chemicals

I'm already an accountant. Why would I need a Transfer Pricing consultant?

Transfer Pricing is highly specialised. Unless you are a trained Transfer Pricing (TP) specialist you should not be managing your clients' TP requirements yourself.
You run the risk of not servicing your clients’ TP needs, missing crucial deadlines, and costing your client more money.

All our team members have dedicated experience in transfer pricing with world’s leading accounting firms. Our transfer pricing practitioners also have extensive experience in different jurisdictions including US, Europe, Malaysia and South East Asia, Australia and the rest of the Asia Pacific Region.

Firm director Shannon Smit is recognized for her technical expertise at the highest levels, both in Australia and Internationally with her appointment to the Australian Governments Board of Taxation Advisory Panel and also winner of the Asia Pacific Transfer Pricing Leader of the Year at the highly acclaimed Asia Tax Awards.

What are our risks if TP is not done properly?

The main risk associated with lack of transfer pricing planning and documentation is the potential transfer pricing adjustment due to mispricing, non compliance penalties and ATO deny of year-end or retrospective adjustments. This becomes a risk to you in maintaining your client relationships.

Proper documentation or review of prices is recommended to successfully defend your position in front of the ATO. TP Documentation prepared at the time after the lodgement of the tax return will not be accepted by the ATO as contemporaneous.

All you need to know about the OECD Transfer Pricing Guidelines 2022 Update

11 Feb '21

Malaysia Transfer Pricing Update

12 Aug '20

Partnering With Accountants