Treasury has released the most recent rework of the proposed Division 296 tax. Although it has provided some much-needed relief from the original draft, the rework now includes addition hurdles requiring careful planning and consideration.
Across Australia there are regions experiencing a historic transformation fuelled by a combination of significant investment in infrastructure projects and an increase in population. Western Sydney is an example where the economy has expanded to become the third largest in Australia, contributing $100b to Australia’s GDP or 8 per cent of total GDP.
In this episode of Beyond the Numbers with Grant Thornton, we welcome back AML/CTF experts Neil Jeans and Katherine Shamai. They unpack AUSTRAC’s starter kits, share practical tips for embedding compliance into business culture, and explain why it’s critical to start mapping out your designated services now.
Family enterprises face unique challenges and opportunities in the ever-growing landscape of business. Embracing technology and digitisation is no longer optional; it’s critical for success and continued sustainability. Embracing technology is critical to ensure future success in your family business. So, what areas of digitisation could benefit your family business?
Discover how Australian manufacturers are responding to slower growth, rising costs and tighter margins in our 2025 Manufacturing Benchmarks report, with insights on performance, reinvestment and capability-building.
A practical guide for residential colleges reviewing GST treatment for the 2026 academic year – covering endorsed charity concessions, PCG 2022/3, Division 129 adjustments, and strategies to manage GST liability and compliance with confidence.
The ATO has released its draft guidance ‘PS LA 2025/D1 – Public country-by-country reporting exemptions’ outlining criteria and requirements for taxpayers applying for exemptions from public CbC reporting requirements.
The 2025 financial year marked a dynamic chapter for Australia’s Research & Development Tax Incentive (RDTI), with notable shifts in policy, compliance, and industry engagement. As innovation continues to drive economic growth, staying informed on the evolving R&D landscape has never been more critical for Australian businesses.
In today's business landscape, Environmental, Social and Governance (ESG) factors are no longer just a buzzword; they are critical for sustainable business practices. Family businesses – with their long-term vision and deep-rooted values – are uniquely positioned to lead the charge in ESG responsibilities.
From starting his career at one of Australia’s Big 4 accounting firms, to leading the Financial Advisory practice at Grant Thornton, Said has built a successful career founded on resilience, leadership and commercial impact.
Whether you're a private client managing complex wealth structures or an advisor guiding others through the intricacies of tax law, staying informed is essential. This hub brings together Grant Thornton’s latest insights on family trusts, foreign distributions, residency rules, and ATO focus areas designed to help you navigate risk and enhance compliance.
Explore eight often overlooked tax issues impacting asset division and liabilities in family law.
Like many countries, Australia taxes its residents on the income and capital gains they generate irrespective of where they are sourced. For ‘temporary residents’, understanding how the rules operate in detail – and even your relationship status – is necessary to determine your tax position.
New entities are often established as part of implementing property settlements. However, this could overlook one current focus area of the ATO – whether or not Family Trust Distribution Tax (FTDT) is payable due to distributions having been made by Family Trusts outside their ‘family group’.
Family trusts can benefit from tax concessions that come with making a Family Trust Election (FTE) but risk Family Trust Distribution Tax (FTDT) if not managed well.