Ben Stanic Email & Phone Number

Sydney, Nsw, Au

Sydney, Australia

In this role I am responsible for:- Leading the half year and annual tax reporting process.- Forecasting and managing the effective tax rate- Acquisition accounting in regards to tax values- Accounting policy changes in regards to tax values.- Leading the tax technology / tax automation process.- Overall responsibility to ensure delivery of income tax returns and related obligations for the Australian tax consolidated group.- Assistance with compliance for… Show more In this role I am responsible for:- Leading the half year and annual tax reporting process.- Forecasting and managing the effective tax rate- Acquisition accounting in regards to tax values- Accounting policy changes in regards to tax values.- Leading the tax technology / tax automation process.- Overall responsibility to ensure delivery of income tax returns and related obligations for the Australian tax consolidated group.- Assistance with compliance for overseas entities.- Contribution to the development and enhancement of the governance and tax risk management framework. Show less

Sydney, Australia

In this role I was responsible for : - Accurate & timely lodgement of annual consolidated income tax return (circa 400 entities) & Joint venture / partnership returns (circa 50 entities).- Accurate & timely completion of income tax forecasts, provision calculations and tax effect accounting balances each 6 months for specific business units (circa 70 entities).- Procurement and management of external adviser tax return review engagement.- Preparation and communication of key… Show more In this role I was responsible for : - Accurate & timely lodgement of annual consolidated income tax return (circa 400 entities) & Joint venture / partnership returns (circa 50 entities).- Accurate & timely completion of income tax forecasts, provision calculations and tax effect accounting balances each 6 months for specific business units (circa 70 entities).- Procurement and management of external adviser tax return review engagement.- Preparation and communication of key management analytics relating to tax provisions and returns to senior stakeholders.- Overall management of ATO income tax compliance relationship, in particular, Pre-lodgement compliance review (PCR) process.- Co-ordinating team of 5 managers and managing team of 6 tax consultants (workflow, recruitement & appraisal) to achieve all tax services obligations.- Provding ad-hoc advice to the business regarding the tax implications of transactions and accounting entries.- Updating and assuring compliance with tax governance framework in relation to income tax return and tax provision activities.Key Achievements- Enhanced income tax return process such that timeframe reduced by 3 months and return lodged on time every year and extensions no longer required.- Enhanced income tax return and tax provision adviser engagements to reduce fees by $100k and $50k respectively.- Overhauled interest withholding tax process such that withholding tax withheld and remitted on time and ATO penalties and GIC avoided.- Enhanced PCR process so that submissions compiled more efficiently and effectively and lodged earlier enhancing ATO relationship.- Integral part of tax services team growing from 4 to 12 members, allowing numerous extra tax related processes to be perfromed by tax professionals rather than the business resulting in increased accuracy and better ATO relationship. Show less

Sydney, Australia

In this role I was responsible for:- Managing corporate tax accounts for household name clients such as Kellogg's. Pepsi, APN News & Media, Subaru, Oracle & Oroton.- Preparation of advice on corporate taxation issues including international taxation issues, Thin Capitalisation, Tax Losses, Consolidation, Taxation of Financial Arrangements (TOFA) and other related business tax reform.- Preparation and review of corporate income tax returns.- Tax provision (tax effect accounting)… Show more In this role I was responsible for:- Managing corporate tax accounts for household name clients such as Kellogg's. Pepsi, APN News & Media, Subaru, Oracle & Oroton.- Preparation of advice on corporate taxation issues including international taxation issues, Thin Capitalisation, Tax Losses, Consolidation, Taxation of Financial Arrangements (TOFA) and other related business tax reform.- Preparation and review of corporate income tax returns.- Tax provision (tax effect accounting) preparation and review.- Supervising, mentoring, developing and managing junior staff, including technical training for junior staff and peers on existing taxation principles and legislative changes.- Cash flow management of clients. Key Achievements- Managed an ATO TOFA review for a client which resulted in no adverse consequences even though their positions were technicallynot corrent.- Liaised with the ATO on behalf of a foreign based client to obtain a favourable ATO opinion that no permanent establishment existed in Australia.- Designed a quarterly tax certficate risk management process for a client so that they could ensure their business units were obtaining internal tax sign-off for key transactions. Show less

Sydney, Australia

In this role my key responsibilities were:- Providing in-house advice regarding Australian income tax implications of transactions as well as the impact of tax law changes covering areas such as debt/equity, thin capitalisation, commercial debt-forgiveness, capital gains tax and tax consolidation.- Providing in-house advice in respect of the Fringe Benefits Tax (FBT) implications of providing various benefits to staff.- Review of income tax returns for Australian tax consolidated… Show more In this role my key responsibilities were:- Providing in-house advice regarding Australian income tax implications of transactions as well as the impact of tax law changes covering areas such as debt/equity, thin capitalisation, commercial debt-forgiveness, capital gains tax and tax consolidation.- Providing in-house advice in respect of the Fringe Benefits Tax (FBT) implications of providing various benefits to staff.- Review of income tax returns for Australian tax consolidated and non-consolidated entities.- Review of half and full year tax provision and tax effect accounting calculations.- Sole responsibility for management of income tax responsibilities for Westpac's European operations, including calculating and arranging income tax instalments, preparing and reviewing tax effect accounting calculations, tax return preparation and lodgement and analysing and complying with the impact of new UK tax law on the Westpac European operations.Key Achievements- Established an efficient, effective and sustainable process for managing the income tax responsibilities of the European operations.- Achieved the efficient integration of St. George entities into the Westpac "tax risk framework" post the merger of Westpac and St. George.- Implemented relevant changes to the Westpac foundation to ensure it retained its deductible gift recipient status. Show less

Sydney, Australia

In this role I was responsible for:- Review of income tax returns for Australian tax consolidated and non-consolidated companies and trusts.- Review of the monthly tax effect accounting calculations for Westpac Australia entities and responsibility for overseeing posting of journal entries to the ledger to ensure tax effect balances were reflected in the accounts.- Managing a team of 3 to fulfil the tax compliance requirements for Australian entities and explaining the same to… Show more In this role I was responsible for:- Review of income tax returns for Australian tax consolidated and non-consolidated companies and trusts.- Review of the monthly tax effect accounting calculations for Westpac Australia entities and responsibility for overseeing posting of journal entries to the ledger to ensure tax effect balances were reflected in the accounts.- Managing a team of 3 to fulfil the tax compliance requirements for Australian entities and explaining the same to senior Westpac finance staff.- Providing ad-hoc advise to the business regarding the tax implications of transactions and accounting entries.Key Achievements- Received a Westpac High Achievers award in 2007 for continued exceptional individual performance (only 22 people received this prestigious award out of the thousands of employees in Westpac finance).- Successful implementation of the "WIB Tax Model". This required a significant restructure of the roles and responsibilities over tax reporting for the investment bank side of Westpac to obtain participation of senior WIB finance staff.- Guided, assisted and developed staff to ensure they met and exceeded their objectives resulting in 2 of the 3 staff achieving promotion while under my management. Show less

London, United Kingdom

In this role I was responsible for:- Preparation and submission of corpore tax returns for group companies.- Preparation of tax provisions for group companies.- Preparation of general correspondence with the Inspector of Taxes.- Position papers on numerous entities being prepared for liquidation detailing whether pre-liquidation dividends or post liquidation capital receipts would be preferential.-Analysis of the historical transactions of group companies to identify any… Show more In this role I was responsible for:- Preparation and submission of corpore tax returns for group companies.- Preparation of tax provisions for group companies.- Preparation of general correspondence with the Inspector of Taxes.- Position papers on numerous entities being prepared for liquidation detailing whether pre-liquidation dividends or post liquidation capital receipts would be preferential.-Analysis of the historical transactions of group companies to identify any capital gain roll-over relief that may be unwound on sale or liquidation. Show less

London, United Kingdom

In this role I was responsible for:- Preparation and submission of corporate tax returns for group companies.- Preparation of tax provisions for group companies.- Preparation of general correspondence with the Inspector of Taxes.- Maintained the loss matrix for the group and ensured that tax losses were being utilised in the most effective manner.

Sydney, Australia

In this role I was responsible for:- Preparation of advice on corporate taxation issues including international taxation issues, Thin Capitalisation, Tax Losses, Consolidation, Taxation of Financial Arrangements (TOFA) and other related business tax reform.- Preparation and review of corporate income tax returns.- Tax provision (tax effect accounting) preparation and review.- Preparation and review of Fringe Benefits Tax (FBT) returns.- Preparation and review of Business… Show more In this role I was responsible for:- Preparation of advice on corporate taxation issues including international taxation issues, Thin Capitalisation, Tax Losses, Consolidation, Taxation of Financial Arrangements (TOFA) and other related business tax reform.- Preparation and review of corporate income tax returns.- Tax provision (tax effect accounting) preparation and review.- Preparation and review of Fringe Benefits Tax (FBT) returns.- Preparation and review of Business Activity Statements (BAS) for Goods and Services Tax (GST) purposes- Supervising, mentoring, developing and managing junior staff, including technical training for junior staff and peers on existing taxation principles and legislative changes.- Cash flow management of clients.Key Achievements- Received several rewards for outstanding client service (ROPS) from the Consumer and Industrial Products department of PricewaterhouseCoopers corporate tax between 2000 and 2003.- Drafted several papers for the precedents database to facilitate knowledge sharing across the firm. Show less

Sydney, Australia

In this role I was responsible for:- Preparation and lodgement of Individual, Partnership, Company, Superannuation Fund and Trust tax returns including the preparation of company financial accounts and working papers from cash books and cheque books etc.- Preparation and lodgement of Fringe Benefits Tax returns.