Our latest insights

It is important for business owners facing financial distress to understand all the options available to them. Small Business Restructuring (SBR) offers a pathway for small and medium sized Australian companies experiencing financial pressure to deal with unmanageable debt, reset operations, and continue trading through and beyond difficult times. SBRs are also a cost-effective solution to save a business compared to a liquidation shut down.

From the introduction of Pillar Two to increased debt deduction limitations and public reporting obligations, the international tax landscape is shifting rapidly.

Australian private equity firms enter 2026 with cautious optimism on deal flow and a pragmatic approach to value creation.

The 2025 family business survey found that 63 per cent of family businesses are already mentoring rising generation family members; 60 per cent are gradually integrating the rising generation into decision making and 31 per cent are engaging external advisors to support development.

ATO expands reportable tax position (RTP) reporting to large CIVs and super funds – what it means and how to prepare.

Grant Thornton’s Tax Essentials professional development series is a practical, expert-led program delivering essential knowledge and strategic foresight to tax and accounting professionals.

As family businesses transition from one generation to the next, more family members become involved in the business. What usually begins with a couple of founding members quickly grows to include siblings, and cousins each with their own experiences, personalities and perspectives.

OECD announces the ‘Side-by-Side’ administrative guidance package

The Australian Pillar Two Rules align with the OECD’s initiative to ensure MNEs pay a minimum Effective Tax Rate (ETR) of 15 per cent globally.

The ATO has made it clear that the professional services industry is in the spotlight as we head into 2026. With PCG 2021/4 now fully in effect as of 1 July 2024, the question is no longer if the ATO will review your arrangements, it is now a question of when. Is your firm ready?

Following on from our previous alert, the Australian Taxation Office (ATO) has finalised Practice Statement PS LA 2025/2, which sets out their administrative approach to the Commissioner’s discretion for granting an exemption from Public Country-by-Country reporting obligations. These rules require certain multinational groups to publicly disclose tax and financial information.

Sustainability reporting and assurance 2025 highlights & 2026 outlook for Australia