Our latest insights

The ATO’s GST Analytical Tool and data testing has been designed to achieve high assurance in GST governance.

As we enter the final week of the financial year, here are some things to consider when it comes to your superannuation.

In 2015, the Australian government introduced the concept of a Significant Global Entity (SGE). Even if an Australian company has relatively small operations in Australia, it may still be considered an SGE if it part of a group with large turnover. Watch now as Vince Tropiano and Jessica Brass discuss the key issues to be aware of in respect to SGEs.

On Tuesday 25 June 2024, Chief Minister Andrew Barr handed down the Territory’s Budget. A predicted $830.8m deficit for 2023-24 will likely return to an estimated surplus of $179.5m by 2027-28.

While Family business make up 70 per cent of the Australian economy, only 12 per cent makes it to the third generation. As the first and second generation work on and in the business, it’s crucial to try and keep it alive – to uphold the legacy and ensure the business thrives for future generations.

In the latest episode of Beyond the Numbers with Grant Thornton, Innovation Incentives Director Simone Barker and Michael Climpson, National Head of Manufacturing and a Partner in our Audit & Assurance team discuss what the mid-sized manufacturing sector currently looks like in Australia, how inflation has impacted the sector and what the Future Made in Australia initiative will look like in practice.

There exists a wide array of advantages that businesses can realise in integrating important Environmental, Social and Governance principles. These include reducing costs, improving operational efficiency, enhancing reputation, increased accountability, and attracting talent.

To facilitate continued innovation in the Agribusiness sector, the Federal Government’s Research and Development Tax Incentive supports companies to undertake research and development activities that meet the eligibility criteria.

As the end of the financial year approaches, it’s a timely reminder of three key employment tax lodgements and the common errors we see in the market.

If you have carried out eligible Research & Development (R&D) activities in Australia during the current financial year ending 30 June 2024, now is the time to ensure you are well prepared to lodge a potential 2024 R&D claim.

Some families spend a lifetime generating wealth and hope to financially set up future generations. However, when looking at Estate Planning, sometimes families only consider one generation at a time.

Franking credits – a cornerstone of the Australian tax system – often an underappreciated aspect of tax planning, represent a potent asset for investors, particularly as the fiscal year draws to a close.