Our latest insights

Family businesses with plans are more likely to thrive. Having a solid plan the whole family helps to develop and evolve not only means businesses are more robust in the present, but also in a solid and sure position for future growth and opportunities.

In preparation for FY22-23, it is important for Schools to reflect on the year that has been and factors that will impact future performance.

The Western Australian Government has recently handed down its 2022-23 State budget announcing a record $33.9 billion investment in infrastructure over the next four years. The significant investment in infrastructure will not only create a strong pipeline of future economic activity but will shape the way we live and move around the state.

While Australia has shown strong acquirer appetite and businesses from all industries are finding great success and outstanding returns with their acquisition and divestment strategies, M&A activity now faces an uncertain future.

Hearing the words ‘Division 7A’ is often accompanied with a twinge of anxiety – and for good reason. This area of tax legislation is incredibly complex, and for family businesses, Division 7A can be a particularly difficult concept to navigate.

We discussed some of the key findings of our Women in Business research with female industry leaders across our global Grant Thornton network, exploring how the banking sector can keep the momentum going to attract, retain and nurture women to build a more inclusive future.

We saw COVID threaten the sustainability for many not-for-profit (NFP) organisations, forcing some to make operational changes or to shut their doors, and others to adapt and drive innovation to achieve their mission. But what does it mean to be a sustainable NFP, and how do these organisations then remain sustainable for years to come?

With online grocery purchases continuing to grow as we emerge from the pandemic, retailers are faced with the challenge of expanding their digital services — whether that be on their own, through a third-party delivery provider or some combination of both.

When it comes to M&A transactions, businesses can often be eligible for GST refunds – but how do you determine if this is the case, and how much is recoverable? In our latest Tax in M&A series, we look at a threshold test that can be applied to transactions whereby businesses only make limited financial supplies. But there is a limit to how much GST can be claimed back when the Financial Acquisitions Threshold (‘FAT’) has been exceeded.

Australian manufacturers have been through difficult times, particularly with the shutdown of the automotive industry, but remaining businesses are proving to be agile and resilient having already battled through lots of challenges. In addition, the accelerating pace of new technologies being introduced, combined with COVID-19 disruption and the Government’s substantial industry support, many manufacturing business models have been fundamentally challenged for the better.

With so much media coverage and laws focused on paying your people correctly, businesses today are more aware about the potential to have payroll issues.

With rising supply chain costs and disruptions on a global scale as a result of the pandemic, Australia has been a prime example of resilience by increasing reliance on domestic products to minimise shortages. Although we’ve increased the supply of Australian products, some organisations struggle to compete with global sellers. As supply chains slowly ease back into a pre-pandemic rhythm and import capabilities open back up to their full potential, to compete on a global scale more efficiently, this creates an opportunity to consider where trade policies via tariffs and quotas could be applied to even out the playing field.