Our latest insights

More M&A as Financial Services organisations seek to consolidate for improved customer experiences.

The Morrison Government has announced a new $30m support fund as part of the $1.3b Modern Manufacturing Initiative, aimed at supporting the manufacturing sector to commercialise projects faster.

National Head of Retail & Consumer Products, Luke Ritchie, says retailers with deep connection to their customer communities are best placed to emerge stronger from the challenges wrought by the pandemic.

There is more good news for everyone looking to grow their superannuation balance. In addition to the general transfer balance cap increasing from $1.6 million to $1.7 million, the concessional and non-concessional contribution caps are also set to increase from 1 July 2021.

Google receives nearly 85% of its revenue from user data insights.

The ATO recently issued a set of three publications outlining the tax deductibility and fringe benefits tax (FBT) consequences of transport, accommodation and travel-related food and drink expenditure.

The ATO issued a media release on 1 March 2021 stating more than 60,000 businesses have yet to comply with lodgement requirements under the Taxable Payments reporting system (TPRS) for the 2019/2020 tax year.

The ATO has published the long awaited draft revision of the Practical Compliance Guideline PCG 2021/D2 for the allocation of profits by professional firms.

The Modern Slavery Act reporting deadline has been extended to 31 March 2021.

“Digital Transformation” is a common refrain amongst retailers grappling to respond to the explosion in online shopping brought on by the pandemic. Shrewd retailers understand this means far more than throwing money at a fancy website.

The Royal Commission into Aged Care Quality and Safety (RCACQS) hands down its report on Friday (26 February 2021).

In Grant Thornton’s (and the Australian Taxation Office’s) experience, financial supply providers and their associates are generally unaware of the GST implications of supplies and acquisitions between related parties.