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- 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?
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- 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
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- Fringe Benefits – Hidden FBT and deemed dividend issues
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- Tax alert: GST ruling published
- Western Australian State Budget 2015-16
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- Victorian State Budget 2015/16
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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.