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The team at Grant Thornton worked closely with the core HR and project delivery team at a major retail group to establish a process by which the best system solution could be selected, and to develop an investment business case for the Board.
The Grant Thornton team worked with a major Australian retailer to instigate an end-to-end process alignment and profitability improvement program which we called FACTORY-TO-CUSTOMER.
A leading Australian retailer had not formally reviewed its supplier trading terms from a corporate end-to-end view for several years and their trading income was not growing in line with sales.
Three weeks out from the Federal Budget and we finally have some noteworthy spoilers on what’s to come on 11 May thanks to a speech delivered by Prime Minister Scott Morrison to the Business Council of Australia.
The ATO has recently announced they are reviewing a number of activities that involve alcohol entering the Australian domestic market for consumption without payment of the required amount of excise duty.
The Government has a 10 year plan to implement the Modern Manufacturing Initiative and develop our manufacturing capability.
With the implementation of the Director Identification Numbers (DIN’s or Director ID’s) growing imminent, it will be important to understand the new obligations for those operating in the capacity of a Director, as failure to apply for a DIN within the required time frame will leave you open to both criminal and civil penalties.
With recent economic changes and COVID-19-related measures, the ATO has recently revised a couple of its rulings.
We’ve never been more aware of where our pharmaceuticals and medical products come from, or how long therapeutics take to go from research to product.
While some directors may not have complete visibility of the company’s tax compliance obligations, the reporting and payment obligations of a business are considered the responsibility of company directors.
Every business owner needs to become fluent in financial literacy. If not enough attention is dedicated to this area, it can lead to an avoidable business downturn.
Yesterday, RevenueWA issued Revenue Ruling DA26.0 (“Ruling”) which sets out its interpretation of major amendments which commenced on 13 June 2019, some 21 months ago.