Our latest insights

Grant Thornton’s Corporate Finance and Financial Services team held a practical webinar this week to address how FinTechs can navigate the current environment.

On Sunday 26 April 2020 the Federal Government released the COVIDSafe smart phone app.

As organisations are navigating a new reality – confronting interruptions and disruptions – it is more vital than ever that organisations ensure good risk mitigation practices remain in place to manage rapidly evolving risks and minimise impacts.

As many employers still await further details about whether they will qualify for JobKeeper, the ATO Commissioner has extended the time to make payments for the first two fortnights (i.e. 30 March – 12 April and 13 April – 26 April).

Remote working was initially exciting for people – but with no end in sight, the excitement has quickly worn off and we all need to find ways to motivate ourselves and our teams while also maintaining a healthy work-life balance.

One challenge for many businesses contemplating a DOCA, is how to fund employee entitlements. The government support scheme for employees of insolvent companies, known as the Fair Entitlements Guarantee, is currently only available in a liquidation.

COVID-19 has brought transparency to manufacturing – for the first time, consumers are starting to understand what we do and don’t make here, and changing their consumer behaviours with more knowledge of product origins.

Any retailer which simply turns the lights back on and reverts to its traditional model post coronavirus is doomed

COVID-19 has cast uncertainty around the value of an earn-out where the business’ financial performance is being impacted by current abnormal trading conditions, either adversely or favorably.

In the current environment, the values of family businesses are being tested. Your people are like family. 1.4 million family businesses in Australia, employing more than 50% of the entire workforce, are trying to hold on to their staff and maintain their family unit that is their business.

With the recent closure of restaurants for dine-in options, many NFP employees including health care workers, were effectively unable to access the meal entertainment part of their salary package.

With the world in the grips of COVID-19 and facing tough knock-on effects to all parts of the economy, the Australian Government has released multiple massive support packages to provide relief to individuals and business owners.