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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.

Treasury Laws Amendment (Making Multinationals Pay Their Fair Share - Integrity and Transparency) Act 2024

In this episode, Simon reveals how he was affected by the justice system, the challenge of trying to transition back into the workforce – a problem that Fruit2Work is trying to solve one criminal offender at a time – and the most remarkable advice he’s received.

Despite a decrease in M&A deal volumes and IPO activity in the face of economic uncertainty, Australia’s retail sector remains appealing to investors. Through our analysis of Australian retail M&A and equity markets in the 18 months to 31 December 2023, we saw the retail sector face a mix of challenges and opportunities.

Join us as we delve into the new Australian thin capitalisation legislation that passed Parliament in late March 2024.

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.

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.

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.