Our latest insights

If government grants are part of your 2025 strategy, take note of the available quarter one funding opportunities. With increasing inflationary pressures, government grants can be an essential alternative funding source for businesses with critical investment projects.

The recent release of the Australian Taxation Office’s (ATO) R&D Tax Transparency Report for the 2021-22 period delivers valuable insights into the state of research and development (R&D) using claim data across various sectors, particularly in Technology, Media, and Telecommunications (TMT).

The EMDG program fourth reformed round opens in November 2024, helping Australian small and medium-sized enterprises expand internationally.

The ATO released its first annual R&D Tax Transparency Report. This initiative stems from the R&D reforms brought into effect from 1 July 2021, along with the increased focus on corporate tax transparency and is designed to provide a new level of transparency into the R&D Tax Incentive program.

As we approach the end of Q1 FY25, it’s important consider how new and existing government grant programs could help your business achieve bigger, better, and faster outcomes.

The Australian Taxation Office (ATO) continues its commitment to tax transparency and encouraging voluntary compliance by beginning to publishing data on R&D Tax Incentive claim outcomes.

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.

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.

The Australian R&D Tax Incentive (RDTI) is the key federally funded program for encouraging and supporting businesses undertaking innovation, research and development onshore in Australia.

As the financial year concludes, businesses should engage in tax planning. This can maximise tax efficiency and minimise liabilities. Now is a valuable time investment with practical tax planning considerations available.

The Administrative Appeals Tribunal (AAT) has recently affirmed the Commissioner of Taxation's authority to assess and determine the eligibility of taxpayers' registered R&D activities, upholding the Commissioner’s decision.

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.