Streamlining Corporate Tax Reporting
Lyon Solution Services (LSS) excels at streamlining and controlling the tax reporting and compliance processes of large businesses.The Challenge
The complex and constantly changing nature of tax laws and reporting requirements make the design and delivery of effective, low maintenance, tax systems particularly challenging.In recent years, the introduction of company tax consolidation, tax financial reporting under AIFRS (AASB 112), GST and BAS, and the Managed Investment Trust (MIT) withholding tax requirements have required substantial business investment, as will the proposed Minerals Resource Rent Tax (MRRT).
Additionally, the tightened corporate regulatory environment under Sarbanes-Oxley and CLERP 9 has increased the responsibilty of senior management to place adequate internal controls over the group's tax financial reporting and compliance processes.
Our Solution Approach
LSS is a Registered Company Tax Agent (Number 01486001) and was established by Duncan Lyon CA FTIA, who has over 25 years' experience in the corporate tax, financial reporting and technology industries in Australia and the UK. See other solutions provided by LSS.
Minerals Resource Rent Tax (MRRT)
The 142 page Minerals Resource Rent Tax Bill 2011 passed through the House of Representatives on 23 November 2011, commencing on 1 July 2012.
Will your systems cope with the new Mining Tax in time?
Carbon Tax
The Clean Energy Legislative Package was passed by the Senate on 8 November 2011, introducing a carbon price into Australia on 1 July 2012.
Will your business be ready for the transition to a Carbon Tax in time?
