Our latest insights

Department stores have long been a popular hub for convenience, variety and discovery. However, the explosion in online shopping, continued expansion of floorspace and now the challenges of Covid-19 have seriously challenged their business model.

The G7 this week has reached what has been described as a seismic agreement on global tax reform. The new rules, yet to be truly formulated, are meant to ensure that the world’s largest multinational technology companies will pay “their fair share” of tax in the countries in which they operate.

With the end of the financial year only a few weeks away, now is an opportune time to review your business affairs as part of your year-end tax planning. As we countdown to 30 June, here are some considerations as you wind up another financial year.

In our podcast, Alex Bell, partner and National Head of Forensics at Grant Thornton, unpacks the complexities behind payroll and awards, the unexpected ramifications of getting it wrong, and what companies can do to protect themselves.

As the end of the 2021 financial year approaches, we outline new and existing measures for consideration around Superannuation Tax Planning.

A favourite instrument for start-ups and companies about to list – Employee Share Schemes are used far more widely than most people think.

Many commentators described the Royal Commission into Aged Care Quality and Safety as a once in a lifetime opportunity to reshape the industry to meet the needs of older Australians now and into the future.

It's estimated that around 30% of cross border trade is conducted via companies who are accredited in the Australian Trusted Trader program. The Government intends to increase this to 75% by 2025. Learn more the benefits of accreditation.

As the end of financial year approaches, companies with Employee Share Schemes (ESS) are required to report to the ATO and provide employees with a statement if a “taxing point” has occurred during the tax year.

The Export Market Development Grant (EMDG) program this year is different to any other year. With both the existing scheme and the new reform model in operation at the same time, applicants will have to submit two applications for EMDG if they want to access both programs over the next 3 months.

In this podcast, we’re joined by Phil Coorey, Political Editor at the Australian Financial Review, and Vince Tropiano, Corporate Tax Partner in our Sydney office to talk about last week’s Federal Budget.

The 2021-22 Budget made a lot of spending announcements, including a number of tax cuts and incentives, and changes to superannuation. From our perspective here are the four key announcements that will have the most fundamental impact on your business.