- Transitioning support for auto supply chain companies
- Innovation in Australia
- New FBT entertainment cap introduced
- New reporting obligations for multinational companies
- Unlocking super
- The truth behind business failure
- 2015 Distinguished Family Business of the Year
- Melbourne plan refresh: The 2050 metropolitan planning strategy
- New fees hurt developers’ bottom line
- Payroll Tax Rebate – Action before 23 November 2015
- New South Wales State Budget 2015-16
- Western Australian Real estate & construction update
- Victoria Real estate & construction update
- South Australia Real estate & construction update
- Queensland Real estate & construction update
- New South Wales Real estate & construction update
- State revenue offices and the ATO information sharing
- Redundant corporate entities?
- Streamlined process for new business applications
- Imported building materials under scrutiny
- Tightened lending rules threaten industry growth
- Any GST hike must be offset
- New PM appoints Minister for Cities
- Reforming Australia’s Federation and Tax System
- A message from our Global Head of Real Estate & Construction
- Adelaide CBD property outlook – Key considerations
- The deadline is looming for the Exploration Development Incentive
- Valuing Employee Share Schemes (ESS) – Impending Tax Changes
- Queensland State Budget 2015-16
- New restrictions on entertainment salary packaging
- NADA conference day three
- NADA conference day two
- Do you have the keys to NADA 2015? Day 1
- South Australian State Budget 2015-16
- 27 Pay Periods in 2015/16
- Corporate simplification and solvent liquidations
- Fringe Benefits – Hidden FBT and deemed dividend issues
- NSW Payroll Tax Rebate
- SuperStream compliance
- Should I maintain my SMSF?
- Art and collectables as alternative investments
- Tax alert: GST ruling published
- Western Australian State Budget 2015-16
- New funding opportunities for Australian food & beverage companies
- Super fund investment choice – What are the options?
- Nominating beneficiaries for your superannuation benefits
- Superannuation consolidation
- Victorian State Budget 2015/16
- Encouraging innovation in Australia’s Life Sciences and Biotechnology industries
- Fraud in focus: Fraud and corruption in Banking and Financial Services
- The Federal Government's Tax discussion paper released today
- Tax alert: Refunds of excess GST
- New Employee Share Scheme Bill Introduced
- SuperStream employer webinars
- Staying vigilant against fraud
- Tax Alert: Are you meeting your employment tax obligations?
- Tax alert: No change to R&D tax offset rates
- Act now to be ready for FATCA
- Tax alert: Changes to Employee Share Scheme Tax Laws
- Tax alert: GST & remote housing accommodation
Do you have redundant corporate entities that are overcomplicating your group structure and incurring unnecessary costs each year?
It may be worth considering undertaking a corporate simplification process.
Our corporate simplification team will carry out a careful review of the corporate structure which identifies those entities that can be removed from the structure resulting in savings, improved corporate governance and transparency and a reduction of any potential directors’ exposure.
Benefits can be achieved through arranging one or more Members’ Voluntary Liquidations (MVL), essentially, the winding up of a solvent company. Through a MVL, the affairs of a solvent entity are formally wound up and the risk of ongoing personal liability of Directors in relation to the company’s taxation liabilities is extinguished. A MVL reduces the ongoing compliance costs of the group, resulting in a more effective corporate structure.
State revenue offices and the ATO information sharing
Grant Thornton corporate simplification | Centre of excellence
Redundant corporate entities can overcomplicate group structures and erode profits through unnecessary costs each year. A corporate simplification program is a careful review of the corporate structure which identifies those entities which can be removed from the structure resulting in savings, improved corporate governance and transparency and a reduction of any potential directors’ exposure.