Our latest insights

There is never an ideal time for receiving an ATO review, and the time commitment (and possibly the costs) can be significant when a taxpayer is ill-prepared.

As energy & resources businesses transition into development, the costs associated with inefficient structuring can be devastating from a tax perspective.

PepsiCo appealed a court decision that found it owed the ATO AUD 3.6m in royalty withholding tax for FY 2018 and 2019.

A recent case decided by the Administrative Appeals Tribunal (AAT) in December 2023 (Active Sports Management Pty Ltd and Industry Innovation and Science Australia) has found the registered activities were neither eligible core or supporting R&D activities as defined by the Income Tax Assessment Act (ITAA)1997 .

Calculating the amount of damages as part of an economic loss claim is not necessarily a simple matter of adding up a series of lost profits.

In the first episode of our refreshed series, Beyond the Numbers, Financial Advisory Partner Darryn Hockley and Private Business Tax & Advisory Partner Craig Lawson, explore the characteristics of firms that are ‘option ready’.

The employment taxes landscape in Australia is constantly evolving. There has been increased focus from the Australian Taxation Office and State Revenue Offices, leading to a rise in employment tax compliance audits.

The ATO's potential GST changes for renewable energy projects may pose financial challenges.

In this episode, Jenny discusses the importance of sustainability, the impact of fast fashion on the environment and the role of individuals and businesses in reducing waste.

Explore the impact of the latest ATO Draft Taxation Ruling on software and IP payments. Learn how overseas providers and taxpayers may be affected by changes in the ‘royalty’ definition, transfer pricing, and withholding tax rates. Understand the Commissioner's perspectives on royalties, copyright definitions, and tax treaty applications. For personalised guidance on adapting to these changes, connect with the Grant Thornton tax team.

GST and property: AAT's key ruling in Lance vs Taxation [2024] AATA 11.

Driven by consumer demand, Australia's food and beverage manufacturing sector has seen a rise in health-focused businesses. Despite market growth, challenges like supply disruptions persist, leading to notable insolvencies in 2023. We've observed a notable increase in interest from over 100 potential acquirers for brands aligned with healthier products. But timing is critical for struggling businesses – early intervention and strategic planning are key.