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Mid-size food producers looking for fair share of the federal budget exports pie

21 May 2015

The $24.6 million to promote Australian products in markets where free trade agreements have recently been signed; is a step in the right direction. However more could have been done.

Grant Thornton bolsters its digital advisory offering through acquisition of the Consult Point Group

19 May 2015

Grant Thornton Australia today announced the acquisition of the Consult Point Group for an undisclosed amount. The Consult Point Group businesses, currently trading as Consult Point and C9 Solutions will form part of Grant Thornton’s expanded digital advisory offering.

Crack down on entertainment salary packaging following changes to FBT

13 May 2015

Many Not for Profit organisations have long valued salary packaging as a tool to competitively attract and retain talent across the sector. This muscle has been slightly weakened following measures announced in the Federal Budget that will see a crackdown on the treatment of Fringe Benefit Tax.

Federal Budget overlooks Australia's Life Sciences sector

13 May 2015

Australia's Biotechnology and Life Sciences sector is crying out for further support on innovation and commercialisation if it wants to remain a corner stone of an economy operating in a post mining boom environment. Unfortunately this was overlooked in the 2015 Federal Budget with a lack of any significant measures to encourage commercialisation in Australia.

R&D in the firing line again

13 May 2015

Grant Thornton is disappointed that hidden in depths of the Budget papers was the signaling of the Government to proceed with the rate reduction of the R&D tax offset by 1.5% . The potential new rates would be 43.5% for the refundable tax offset and 38.5% for the non-refundable tax offset.

Changes to the GST base marks the beginning of much more to come

13 May 2015

Changes in GST announced tonight, may well only impact offshore digital service companies, but it does signal the start of a long journey that will see GST applied to as many aspects as possible across the broader economy.

A friendly outcome for Financial Services

13 May 2015

While the 2015 budget has not been directly focused on financial services, it has taken some clear steps towards supporting growth and competition in the industry through encouragement of innovation, fair competition and technology.

Budget mixes messages for the tech sector

13 May 2015

Grant Thornton welcomes the Government announcement to continue investment in the digitisation of Government services, providing leadership and supporting growth in the Australian ICT sector. However lack of investment in emerging technologies and plans to act outside a global sector leaves the industry at a bit of loss.

Action needed to ensure ongoing retail growth

08 May 2015

The Government needs to invest in the retail industry to ensure its ongoing competitiveness and future growth.

Whistling the profitability tune in manufacturing

08 May 2015

There might be a magic number for Australian manufacturers to hit before they start really optimising profitability, and its sings to the tune of $50 million according to our latest benchmarking analysis.