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Benefits of effective tax governance

Learn how effective tax governance assists your relationship with us and provides practical benefits for your business.

Last updated 30 May 2016

Effective tax governance not only positively influences your relationship with the ATO, but can also provide practical benefits for your business, such as:

  • supporting business planning and decisions through expert advice and transparent decision making – which helps business stability and avoids unwelcome surprises
  • building the capability of your management and providing real time assurance so that business owners can optimise business performance
  • helping manage commercial and business risks – for example, governance that ensures effective succession planning makes transferring a business or assets more transparent and may also support business relationships
  • helping avoid fraud in the business
  • facilitating compliance with other laws and regulations, such as corporate regulations, trust laws and state taxes
  • ensuring accurate financial reporting and reinforcing the integrity of business records.