Stephanie Kanellis

Partner - Sydney

Stephanie Kanellis is a Partner in Tax Services in Sydney.

Stephanie has extensive experience as a tax adviser in Sydney. She has undertaken multiple secondment arrangements, acting as the role of group tax manager for multinational retail groups. Stephanie is a qualified chartered accountant and has a Masters of Tax.

Stephanie provides comprehensive taxation services, including advice on income tax, capital gains tax, and GST to clients. For income tax, she assists with tax planning, return preparation and compliance. Her capital gains tax services include advising on asset management, tax-effective investment strategies, and transaction planning. For GST, Stephanie helps with registration, compliance, return filing and input tax credit optimisation.

"I like solving difficult tax problems, finding the best solutions for clients, and making sure they follow tax laws."

Stephanie also provides international tax advice. She helps clients with tax planning, compliance, and reporting obligations across multiple countries. This includes strategies for minimising tax liabilities, understanding the tax implications of cross-border transactions, and ensuring compliance with international tax laws and treaties.

Stephanie also provides advice on FBT and other employment taxes. This involves reviewing fringe benefits provided to employees and ensuring compliance with tax regulations. As a tax agent, she also analyses employee equity award plans to optimise tax efficiency and ensure accurate reporting.

Stephanie also assists clients with Income Tax Statutory Reporting. This refers to the preparation of financial statements following accounting standards like GAAP or IFRS. It involves accounting for income tax expenses and liabilities based on the taxable income shown in financial reports.

SOLUTIONS STEPHANIE KANELLIS PROVIDES

Stephanie's expertise covers both compliance and consulting in the following areas:

• Income tax, capital gains tax, and GST
• Tax effect accounting and statutory reporting
• FBT and other employment taxes, including review of employee equity award plans
• Tax structuring including consolidations, demergers, divestments, and associated due diligence
• International tax advice
• Advising on expatriate tax programs for multinational corporations
• Sydney tax services and business services 

SIGNIFICANT PROJECTS

• Performed due diligence for various acquisitions in the leisure, tourism, and software industries
• Managed expatriate tax programs for several multinational corporations
• Reviewed and advised on various employee equity award plans
• Assisted with multiple restructures of private business groups before their IPOs
• Represented clients in their dealings with domestic tax authorities
• Prepared applications for ATO private rulings, class rulings, and ATO objections
• Read Stephanie's Careers and Conversations feature article 
   

PROFESSIONAL ASSOCIATIONS

• Member of the Taxation Institute
• Member of the Institute of Chartered Accountants of Australia and New Zealand
   

QUALIFICATIONS

•  Bachelor of Business and Commerce (Accounting) – Western Sydney University
•  Masters of Taxation – University of Sydney