In 2023 Australia began implementing Tranche 2 of its AML and CTF reforms – part of the government’s plan to align Australia’s AML regime with international standards. The reforms have far-reaching implications for Lawyers, Accountants, and Real Estate Professionals, who will be required to take a more active role in deterring money laundering and terrorist financing. So, what’s the status of the reforms, and is Australia potentially falling behind its global counterparts?  ?Follow Beyond the Numbers on Apple Podcasts or Spotify ?️Neil Jeans' LinkedIn ..read more

‘Option ready’ refers to a firm being able to choose which strategic option they want to pursue – whether it be continuing to enjoy equity returns, fund expansion of their business, bring new equity participants in or consider a merger opportunity. Beyond these characteristics, cultural alignment and a shifting employee landscape are also critical to success. So how can a firm consider these factors to ensure sustainable and competitive growth into the future? ?Follow Beyond the Numbers on Apple Podcasts or Spotify ?️Craig Lawson's LinkedIn ?️Darryn Hockley's LinkedIn ..read more

Innovation is a key driver of productivity for businesses. To help them achieve their objectives, the government offers various programs such as the R&D Tax Incentive and government grants. These programs encourage businesses to develop new or improved products and services, lower environmental impacts, attract potential investment and keep Australian competitive on a global scale. The level of innovation support in Australia can be influenced by political cycles, however one of the main challenges is business awareness around eligibility for these key programs that support innovation and ..read more

The Modern Slavery Index 2023 estimated that in 2021 there were 41,000 people living in a form of slavery throughout Australia. It also found that imported products such as electronics, garments, solar panels, textiles and fish were most at-risk of involving modern slavery. While Australia is one of the least vulnerable countries when it comes to modern slavery in business supply chains, there are still business practices putting the vulnerable at risk of exploitation. So, what does modern slavery mean in the context of supply chains, and how can companies ensure they’re not passively taking p ..read more

The business world is becoming more complex with increased focus on governance, risk and reporting; a steady flow of change to taxation and superannuation; and uncertainty due to economic movement – so how does an internal finance function steer through these times? With rapid change comes challenges, which is why it’s critical businesses are nimble and can adapt quickly. So how can internal finance functions navigate the business landscape to ensure they’re on top of all finance requirements?  ?Follow Navigating the New Normal on Apple Podcasts or Spotify ?️Michael Pittendrigh's LinkedI ..read more

With a growing demand for organisations to provide transparency on their commitment to sustainability and disclosure of the non-financial impacts of their business activities, it’s more important than ever to be informed about the latest ESG requirements. While we often hear about the environmental component of ESG, the term is also used to describe a business’ social and governance frameworks. So, what does this all mean, and who is responsible for making sure reporting requirements are met in this evolving landscape? ?Follow Navigating the New Normal on Apple Podcasts or Spotify ?️Himashini ..read more

Businesses often encounter growth opportunities that exceed their immediate capital resources and this is where attracting external funding can be pivotal. Whether it's funding a specific project or seeking longer term strategic investment, there are options available to help businesses capitalise on future growth. So, with the current economic and commercial uncertainty for some businesses, what are the considerations that businesses should make if they are looking to attract external funding? ?Follow Navigating the New Normal on Apple Podcasts or Spotify ?️Pete Burgess' LinkedIn ?️Simone Ba ..read more

While the TV series Succession has captured audiences for its dramatic storyline, themes explored through the show reflect what families can face when it comes to growing and maintaining wealth through the generations. So how can Family Offices be successful in growing wealth from generation to generation? The upcoming new financial year is an ideal time to assess wealth strategy and consider aspects such as structure, strategic goals and appointing an Enduring Power of Attorney for future success. ?Want to learn more about Grant Thornton? Click here. ?Want to listen to more of our podcasts ..read more

While the TV series Succession has captured audiences for its dramatic storyline, themes explored through the show reflect what families can face when it comes to growing and maintaining wealth through the generations. So how can Family Offices be successful in growing wealth from generation to generation? The upcoming new financial year is an ideal time to assess wealth strategy and consider aspects such as structure, strategic goals and appointing an Enduring Power of Attorney for future success. ?What to learn more about Grant Thornton? Click here. ?What to listen to more of our podcasts ..read more

While the TV series Succession has captured audiences for its dramatic storyline, themes explored through the show reflect what families can face when it comes to growing and maintaining wealth through the generations. So how can Family Offices be successful in growing wealth from generation to generation? The upcoming new financial year is an ideal time to assess wealth strategy and consider aspects such as structure, strategic goals and appointing an Enduring Power of Attorney for future success. ?What to learn more about Grant Thornton? Click here. ?What to listen to more of our podcasts ..read more