Our latest insights

There has been much media recently surrounding vacancy rates and the demise of local retailers, with rents of large shopping centres pushing smaller retailers out, and the larger centres and online retailers driving consumers away from the traditional high street retail strips.

The Australian Government has introduced a new funding system for the Australian Securities and Investments Commission (ASIC), the ‘ASIC Industry Funding Model’, which will pass on greater compliance costs to Australian businesses.

New technology can free up tax professionals to take on a strategically influential role and generate the analytical insights and real-time information to support this. So how can a tax function take advantage of the changes ahead?

Have you ever struggled with determining the correct tax treatment of different travel costs for your employees? Were the employees travelling on business, living away from home, or perhaps they relocated?

Australia’s rapidly ageing population has ensured that in recent times the challenges of retirement have never been far from the headlines.

The Tax Law Amendment (Combating multinational Tax Avoidance) Bill 2015 (“MAAL”) casts the spotlight onto corporate activity that encourages the reduction of tax liabilities in Australia.

The Australian Government has continued its push for transparency on how Significant Global Entities (SGE) organise their operations and tax affairs.

Australia has continued its aggressive, unilateral approach to tackling Base Erosion and Profit Shifting, with the Diverted Profits Tax (DPT) introduced to combat multinational companies shifting profits out of Australia.

Retirement is supposed to be the phase of life when things become simpler. But for many people managing their retirement income adds complexity to what ought to be a time of relaxation.

The Australian corporate regulator, the Australian Securities and Investments Commission (ASIC) has recently written to over 1,000 proprietary companies enquiring whether their annual financial reports should’ve been prepared, audited and lodged with ASIC in accordance with the requirements of Corporations Act 2001.

In recent months, Grant Thornton has been aware of a scam that has been using our name without consent, targeting people by posing under the name of ‘Grant Thornton World’ or ‘Thornton World’.

Australian agriculture and food production have endured tough conditions in recent years, but there was a lot for both industries to be happy about in this year’s Federal Budget.