Our latest insights

This is the eighth Biotechnology Industry Position Survey conducted by AusBiotech and supported by Grant Thornton. The 2018 Survey reveals the strongest ever business sentiment across the sector.

Has your company (or parent company) provided free or discounted shares or rights to receive shares to employees, directors or individual consultants (Employees), or their nominees, during the 2018 income year?

The Australian Tax Office (ATO) issued its latest guidelines dated 25 June 2018 to professional services firms regarding its assessment of risk in respect to allocation of profits within such firms.

Foreign investors have been an easy target for politicians of late. It makes sense – they don’t get a vote and they don’t have a collective voice to defend themselves.

In addition to the publication of the IFRS quarterly newsletters, the IFRS team at Grant Thornton International releases from time to time special edition newsletters that focus on major IFRS developments. While these newsletters are written from an IFRS perspective, they are relevant to the Australian environment as Australian Accounting Standards incorporate IFRSs issued by the International Accounting Standards Board. If you have any queries regarding these special edition newsletters please don’t hesitate to contact your local Grant Thornton office.

Round three of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry revealed further examples of where the banking sector is failing its customers.

The professional services industry faces a growing threat of cyber-attacks, making it more important than ever to be able to respond, particularly given Australia’s new privacy laws.

The Common Reporting Standard (CRS) is the global standard for the collection, reporting and exchange of financial account information on foreign tax residents.

Our annual 2018 International Business Report (IBR) survey, released in May 2018, asked 2,500 executives from 35 economies about Engagement Beyond the Boardroom.

While GDPR will impact a broad range of companies, technology companies will face some unique challenges. Tech companies access huge amounts of data from a variety of sources and therefore face significant data inventory challenges.

Finally, we’ve been taking a holistic view to assessing the Federal Budget implications from global, industry and business perspectives.

Mid-sized businesses are the backbone of the Australian economy and it’s crucial this segment is supported by a future-focused, long-term tax environment so they can achieve sustainable growth in what is an uncertain economic environment.