Our latest insights

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.

The new financial year brings many changes and thresholds that trustees and members of a Self-Managed Super Fund (SMSF) need to be aware of.

Treasury is taking steps to ensure fairer tax treatment for foreign resident investors by tightening Australia's foreign resident Capital Gains Tax (CGT) regime. Proposed changes aim to broaden the CGT base and enhance integrity, impacting infrastructure, energy, agriculture, and more.

Following recent decisions made at the Australian Accounting Standards Board (AASB) meetings, we now have a very clear sense of what the final Australian Sustainability Reporting Standards (ASRS) will look like.

This article is the fifth and final instalment in our series where we delve into the stages of a payroll remediation project.

In the latest episode of Beyond the Numbers with Grant Thornton, Financial Advisory Partners John McInerney and Cameron Crichton discuss the current economic climate, what SBRs are, eligibility criteria, and how businesses have successfully turned around using this regime.

The Taxation Ruling TR 2023/4DC1 has been updated to include a draft appendix that expands the definition of ‘employee’ specifically for superannuation guarantee purposes.

The manufacturing sector has demonstrated remarkable resilience and adaptability, achieving steady growth through effective cost management and strategic investments despite economic challenges.

In this episode, Director of Operations at Walk Free, Katharine Bryant, discusses the rising wave of socially responsible generations wanting to make a difference, the methodology behind the Global Slavery Index as well as the challenges in collecting data, and what more can be done to eradicate modern slavery.

The current economic environment is challenging for businesses trying to operate when budgets are tighter and profit margins are squeezed. Family businesses are uniquely positioned as they’re used to maintaining a long-term perspective, naturally fostering a transgenerational mindset through knowledge sharing, learning and investment in the business.

AASB 18 Presentation and Disclosure in Financial Statements

Businesses are increasingly recognising the importance of sustainable practices to safeguard our planet for future generations. However, as the demand for sustainable products and services grow, so does the prevalence of greenwashing – a deceptive practice where businesses falsely claim to be environmentally friendly.