Our latest insights

While tax reform has been widely discussed throughout the political landscape since the Henry Tax Review was released 14 years ago, it is becoming an increasingly emphasised in recent years due to questions around the efficiency of the Australian taxation system, particularly in relation to the heavy reliance on personal income taxes and the sustainability around this for the future.

Grant Thornton Private Business Tax & Advisory Partner Nick Love recently interviewed Mark Nicholas, Founder and CEO of Anchor Private Financial Services, about forecasting and budgeting for businesses, focussing on the banker's perspective on three-way forecasting.

The future of healthcare in Australia is marked by significant growth and transformation, driven by factors such as an aging population, technological advancements, and rising costs. While policy will inform the future direction of the sector, there are many things industry stakeholders can do now to improve their performance and ensure a sustainable future.

Explore how to identify your business value drivers, the significance of valuation for business owners, and the right time to do it.

If you have sold or are looking to sell your business, there may be significant Capital Gains Tax (‘CGT’) on the capital gain. However, if you are a family or privately-owned business owner, you may be able to reduce your CGT through the small business CGT concessions (‘SBCGT Concessions’).

The high level of ATO activity in the multinational space is undoubtedly underpinned by the significantly increased funding it has received from the Australian Government since 2016. What can we expect in the May 2024 Federal Budget?

The ATO revised its approach for Top 1000 taxpayer CARs. This change impacts tax risks and CAR preparations. The ATO noted a rise in Top 1000 taxpayers due to more companies exceeding the $250m turnover.

Treasury has recently released for consultation two draft Bills, announced as part of the 2023-24 Budget, to implement incentives for new Build-to-rent (“BTR”) developments. This forms part of the Governments key policy of increasing housing supply across Australia by stimulating interest in the BTR sector.

For renewable energy companies, understanding the implications of the new thin capitalisation rules is crucial. These rules will apply for income years starting on or after July 1, 2023.

The landscape of fuel tax credits (FTC) is constantly evolving due to ongoing economic and technological developments. This dynamic environment presents both challenges and opportunities for businesses with significant fuel consumption.

GenAI is not just a buzz word – it’s a game-changer that has started to revolutionise every business and every aspect of our lives. ChatGPT had 100 million active users in just two months, and has changed the way we research, develop, test and deploy capital, technology, products, services and communications.

Navigating the funding landscape can be tricky for biotech companies at all stages, from initial research and clinical trials to scaling up capabilities. Our recent roundtable discussions with over 90 Biotech CEOs, held in partnership with AusBiotech, shed light on the challenges and opportunities shaping the industry.