Name: Navigating the emerging FTE risks
Start: 2023-11-29T13:00:00+10:00
End: 2023-11-29T14:00:00+10:00

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Insight Australia's taxation system needs efficiency and simplicity

While tax reform has been widely discussed throughout the political landscape since the Henry Tax Review was released 14 years ago, it is becoming an increasingly emphasised in recent years due to questions around the efficiency of the Australian taxation system, particularly in relation to the heavy reliance on personal income taxes and the sustainability around this for the future.

Vince Tropiano

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Forensics

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Asset tracing investigations
Our team of specialist forensic accountants and investigators have extensive experience in tracing assets and the flow of funds.

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Insight When is a transaction not ‘market value’?

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Small business restructuring process
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Asset tracing investigations
Our team of specialist forensic accountants and investigators have extensive experience in tracing assets and the flow of funds.

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Restructuring and turnaround

We help clients identify and undertake restructuring and turnaround initiatives to preserve profitability and protect and recover value.

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Safe Harbour advisory
Our Safe Harbour advisory helps directors address requirements for Safe Harbour protection and business turnaround.
Corporate simplification
We provide corporate simplification and managed wind-down advice to help streamline and further improve your business.
Director advisory services
We provide strategic director advisory services in times of business distress to help directors navigate issues and protect their company and themselves from liability.
Debt advisory
We work closely with clients and lenders to provide holistic debt advisory services so you can raise or manage existing debt to meet your strategic goals.

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Business services

We work with private businesses across Australia – and internationals looking to Australia for their investments and operations – on all accounting and...

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Business planning & strategy
Our clients can access business planning and strategy advice through our value add business strategy sessions.
Private business company secretarial services
We provide company secretarial services and expert advice for private businesses on all company secretarial matters.
Outsourced accounting services
We act as a third-party partner to international businesses looking to invest in Australia on your day-to-day finance and accounting needs.
Superannuation and SMSF
We provide SMSF advisory services across all aspects of superannuation and associated tax laws to help you protect and grow your wealth.
Management reporting
We help you build comprehensive management reporting so that you have key insights as your business grows and changes.
Financial reporting
We help with all financial reporting needs, including set up, scaling up, spotting issues and improving efficiency.
Forecasting & budgeting
We help you build and maintain a business forecasting and budgeting model for ongoing insights about your business.
ATO audit support
Our team of experts provide ATO audit support across the whole process to ensure ATO requirements are met.
Family business consulting
Our family business consulting team works with family businesses on running their businesses for continued future success.
Private business taxation and structuring
We help private business leaders efficiently structure their organisation for optimal operation and tax compliance.
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Our outsourced CFO services provide a full suite of CFO, tax and finance services and advice to help clients manage risk, optimise operations and grow.

Environmental, Social and Governance (ESG)

Having a considered and informed ESG response has never been more important for all organisations as we are seeing awareness of the elements of ESG continue to...

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ESG & sustainability reporting
There is a growing demand for organisations to provide transparency on their commitment to sustainability and disclosure of the nonfinancial impacts of their business activities. Commonly, the responsibility for sustainability and ESG reporting is landing with CFOs and finance teams, requiring a reassessment of a range of reporting processes and controls.
ESG & sustainability advisory
With the ESG and sustainability landscape continuing to evolve, we are focussed on helping your business to understand what ESG and sustainability represents and the opportunities and challenges it can provide.

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Consulting

Our consulting team supports its clients with hands-on and proactive advice on all aspects of their strategies for sustainable growth.

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Management consulting
Our management consulting services team helps you to plan and implement the right strategy to deliver sustainable growth.
Financial consulting
We provide financial consulting services to keep your business running so you focus on your clients and reaching strategic goals.

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Indigenous advisory

We take a full view of Indigenous-specific requirements and optimisation opportunities available to businesses.

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Asia

The growth gateway

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China practice
The investment opportunities between Australia and China are well established yet, in recent years, have also diversified.
Japan practice
The trading partnership between Japan and Australia is long-standing and increasingly important to both countries’ economies.
India practice
It’s an exciting time for Indian and Australian businesses looking to each jurisdiction as part of their growth ambitions.
Singapore practice
Our Singapore Practice works alongside Singaporean companies to achieve growth through investment and market expansion into Australia.

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Industries

Agribusiness, Food & Beverage

Supporting the growth of ‘Australian Made’ in today’s markets

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Some major NSW grant programs have been announced, supporting projects in clean technology innovation, low carbon product manufacturing, renewable manufacturing and physical sciences.

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Energy & Resources

From an active natural resources M&A market, a growing energy and renewable energy market, to new technologies and export and trade agreements – we have the...

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Renewable Energy
Transformation through energy transition

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Financial Services

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Life Sciences

On track for innovation and growth

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Manufacturing

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Not for Profit

Supporting social impact organisations to deliver for communities

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Professional Services

Setting Australia’s knowledge powerhouse up for success

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Real Estate & Construction

Supporting the sector to respond to economic and social shifts

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Retail & Consumer Products

Our aim is to help you find a better, simpler, more efficient, and more profitable way of doing things to keep your business safe and help you grow.

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Technology, Media & Telecommunications

Exciting, fast paced, innovative and disruptive

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Business Planning and Strategy
Having an honest, broad-reaching and thought-provoking discussion with a skilled, independent advisor can be the catalyst for clarity – a direction to take your business forward and an understanding of what is key to success.

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Jace Gawne-Buckland

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Past Event: Wednesday, November 29, 2023

Navigating the emerging FTE risks

Join our webinar, where we’ll be uncovering the hidden tax risks associated with Family Trust Elections (FTEs) and Interposed Entity Election (IEEs) in Family Trusts.

With over 25 years having passed since the introduction of the FTE regime, its benefits are clear. However, as family groups expand and events related to succession and estate planning unfold, new and substantial tax risks are emerging.

Join us for an insightful session led by Andrew Smith, Grant Thornton's National Head of Technical Tax. Andrew will reiterate the benefits of both FTEs and IEEs before delving into the specific constraints they impose on Trusts. Drawing upon real-world examples, he will uncover the associated risks and offer practical solutions.

Given the intricacies of the current regulations, it’s crucial to understand that these risks are not confined to taxpayers. Tax advisors are also vulnerable, particularly given the significant tax implications that can arise from inadvertent errors.

Speakers

Principal and National Head of Technical Tax

Andrew Smith

Andrew has extensive experience advising private clients and public companies across a range of markets and industries on complex Australian and international taxation matters. For over 20 years, Andrew has provided tax training and advisory services to Australian accounting and legal firms and large corporate clients. In addition, he has provided international tax training services to the ATO.

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