Under Australia's new CGT rules, many assets will need a market value as at 1 July 2027. Learn when a professional valuation may be worth the cost compared to using the legislated shortcut method.
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Australian manufacturers are operating in an environment where the bar is rising for what represents meaningful growth – making it increasingly important for businesses to effectively use assets, capital and their workforce. Revenue growth remains an important measure of performance, but margins, productivity, working capital and the returns generated from investment are also key.
Grant Thorton’s submission on the draft legislation for the minimum 30% tax on discretionary trusts shines a light on the punitive outcomes, inflexibilities, complexities, conflicts with small business CGT concessions, and other anomalies that will arise for the small-to-medium business sector and private groups.
New “EET election” option for discretionary trusts to avoid the minimum 30 per cent without having to restructure, but creates inflexibility.
The announced 30 per cent minimum tax on discretionary trusts creates significant challenges for private groups.
Our 2025 Family Business Survey revealed a recurring theme that presents both a challenge and an opportunity: succession planning. Succession is often viewed as a pivotal moment in a family business’s lifecycle.
Discover how Australian manufacturers are responding to slower growth, rising costs and tighter margins in our 2025 Manufacturing Benchmarks report, with insights on performance, reinvestment and capability-building.
Section 99B of Australia’s tax law can trigger unexpected tax liabilities for residents receiving foreign trust distributions, including gifts, loans, and use of trust property. With increased ATO scrutiny and recent guidance, it’s vital to assess residency status, maintain clear documentation, and understand the tax implications before receiving overseas transfers.
Receiving money from overseas can trigger unexpected Australian tax consequences, especially when foreign trusts are involved. With the ATO increasing scrutiny on international transfers, including gifts, inheritances, and loans, it’s vital for Australian residents to understand their tax obligations. Section 99B of the Income Tax Assessment Act 1936 and recent ATO guidance highlight the risks of poor documentation and lack of planning. This article explores common scenarios, the importance of maintaining records, and how proactive tax planning can help avoid significant liabilities for both recipients and their overseas families.
As the end of the financial year approaches, now is the time for family groups to consider their annual tax planning. Tax planning is a critical part of the tax management processes for all family groups, and brings about benefits.
For private investors entering and growing in a new market or new industry, managing the finance function effectively is critical—not just for operational success, but to ensure compliance with local regulations and drive growth. Many investors underestimate the complexity of regional financial, tax, and reporting obligations, which can lead to inefficiencies and unexpected risks.
In today’s world, sustainability is a business imperative. Mid-sized businesses have a unique opportunity to make a significant impact on the environment while also reaping substantial benefits. Here are some actionable strategies to help reduce your carbon footprint and enhance your business’s sustainability.