Our latest insights

An agile, efficient and forward-looking finance function is central to business growth and success. It therefore needs to evolve faster than the business itself. This requires ongoing investment in new technologies, processes and skillsets in the finance function to ensure it’s well positioned to spearhead business efficiency and value creation

One of the most common ways of managing operational risk is through a system of effective internal controls. Control failures however can lead to events as varied as mis-selling, data breaches and underpayments – as such in APRA's Prudential Standard CPS 230 they have strengthened the focus on operational risk management. In this second series of our CPS 230 technical guides we provide an overview of some necessary elements to achieve strong operational risk management and why it is the foundation of operational resilience.

Recently, the ATO has enforced the use of Single Touch Payroll (STP) and Superstream as their electronical tools to collect both tax and superannuation data from businesses and superannuation funds.

Board members generally have deep expertise in particular aspects of business management or the industry in which the family business operates. The Board is particularly focused on the business’s strategy, operations, and leadership advisory.

Are you a Director? Has your company met its PAYG, GST and Superannuation obligations? If not, you could be personally liable for these amounts.

In this special Federal Budget edition of Navigating the New Normal, hear from Journalist Hugh Riminton, Chief Economist Besa Deda, and Grant Thornton Partner, Paul Gooley at our virtual seminar, as they discuss the Budget spending and how the allocations will impact Australian businesses.

While manufacturing has shown resilience and agility to pivot in the face of the pandemic, the pathway to the solidly Australia-based manufacturing capability the Albanese Government’s seeks, where we are able to “build what we need” and “rebuild our proud manufacturing industry”, is still somewhat unclear.

The second Federal Budget of the year has been delivered, and this time it’s a Budget that will be rolled out for the rest of FY22-23. Since the previous Government delivered a Budget in March, the economy has shifted at an alarming rate with the cash rate rise from 0.1 per cent in March to 2.6 per cent now, and on its way to 3.1 per cent by the end of the year.

Federal budget 2022-23 tax implications for business and individuals.

The Federal Government, along with the New South Wales, Victorian and Tasmanian State Governments, have now released jointly funded support packages for those affected by the recent floods.

In many legal disputes where a business is involved, the value of the business is integral to the outcome of the dispute. But is it the value of the business that is required, or the value of the entity which operates the business?

With less than one week to go until Labor hands down its first Federal Budget, it will be interesting to see what the Government will do to help set up the future of Australia. Our economy – like many others around the world – is still experiencing supply chain pressures, and with a potential global recession looming, there are some steps the Government could take to ensure Australia’s economic strength over the long term.