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Explore retail market insights, M&A trends, value drivers and growth opportunities shaping the sector, and learn how to build a stronger retail business.
In this special episode of Beyond the Numbers with Grant Thornton, Private Enterprise Partner Beau Chaperon hosts the show and sits down with Lea Hicks and Richard Fox to discuss resilience, leadership and the relationships that help individuals and organisations navigate change and achieve lasting success for Western Sydney.
Legacy is often associated with the athletes, infrastructure and moments that capture public attention. Yet the foundations of a lasting legacy are built well before the event begins and continue long after it ends.
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.
Family Businesses prioritise sustainability policies and actions that benefit their business and community, even before regulation around Environmental, Social and Governance (ESG) initiatives were mandated. This genuine drive allows family and mid-sized businesses to act authentically while integrating corporate terminology to create a competitive advantage.
Payroll issue rectification is the process of fixing the root causes of the underpayments and implementing changes to prevent future errors or non-compliance.
Accounting standards issued but not yet effective for 31 December 2023
On 12 January 2024, Treasury released draft legislation on mandatory climate-related financial disclosures in Australia. Subject to the legislation being enacted by Parliament and receiving Royal Assent by the end of June 2024, the legislation will be in force for financial years commencing on or after 1 July 2024.
The purpose of this Alert is to draw attention to the Climate-related financial disclosure: exposure draft legislation consultation (Draft Legislation) published by the Australian Treasury on 12 January 2024. This draft legislation follows Treasury’s second consultation paper on the subject (June 2023).
The purpose of this Alert is to draw attention to the Australian Sustainability Reporting Exposure Draft ED SR1 (“ASRS Exposure Draft”) published by the Australian Accounting Standards Board (AASB) in October 2023.
Recent action from the Payment Times Reporting Regulator – the first such action since the PTR Act commenced three years ago – has highlighted the importance for organisations to ensure that they are compliant with reporting obligations.
