Beyond the Numbers with Grant Thornton

For the first time in 29 years, Australia is in a recession. The record stimulus and support packages rolled out just in a few short weeks to combat the effects of COVID-19 will leave us with a record deficit that will take decades to pay back. The Tax and Transfer System is really the only mechanism we have to balance the books - and with tax reform on the table, now is the time to look at our ta...

As Australia's economy restarts, the focus has been on the 'return to work'. But the COVID-19 experience has not been the same for every Australian, with many continuing to work throughout the pandemic. What comes next will, and should, be different. Now is the time to redesign the way we work. It's time for a new leadership deal. Hear from Matt Croxford, National Head of Human Capital, and Katie...

The professional services landscape has changed with COVID-19. The more agile the firm, the better placed they were to ride out the storm. But even with this agility, COVID has brought with it the need to leave cash in your business - and the partnership model used by so many professional services firms doesn't lend itself well to this. Will this mean the end of the partnership model and a move to...

It's been a rough start to the year for our farmers and major food producers. However, our farmers are extremely resilient and are flexing where it counts. Hear from National Head of Agribusiness, Food & Beverage, Tony Pititto as he discusses the resilience of our primary producers, the importance of restaurants and cafes, global rice production and what we need from our government to ensure the i...

COVID-19 has brought to light the schooling version of what has long been referred to as the 'digital divide' - but schools have developed innovative ways over the years to close this gap, which assisted many schools' preparedness for digital and remote learning brought on by COVID-19. With IT helpdesks for students, cyber security education, and digital tools to augment learning, students are eng...

Spray and pray, script kiddies, phishing, bring your own network, wardriving. Sounds like newfangled Gen Z lingo, but it's actually part of the cybercrime lexicon that you need to be aware of to protect yourself and your business. With the sudden and swift shift to remote working, cyber criminals now have around 40% more "open doors", wifi weaknesses and gaps in security to exploit. If you haven't...

There has been a dramatic shift in the way we work. While many companies have been slow to embrace flexible and remote working, it has been well and truly brought to the forefront thanks to coronavirus COVID-19. So when you're managing an entirely flexible workforce, how to you maintain engagement and motivation? Hear from Matt Croxford, National Head of Human Capital, and Katie O'Keeffe, Partner...

There is not much we cannot manufacture in Australia - and yet the sector represents just 6% of Australian GDP. For the manufacturing sector, what the coronavirus has created is transparency. For the first time, consumers are starting to understand what we do and don't make here - and are becoming increasingly aware of who made it, what's in it and what went into making a product. Even businesses...

The old rules no longer apply. Redundancy, once the norm for businesses trying to stay afloat in a recession, should be the last resort. Workforce restructuring, on the other hand, should be the first option on the table and can be adapted to fit your business. It's increasingly being seen as a key ingredient to come through this period of recession with an engaged workforce prepared to recommence...

Commercial property has been a key focus for policy makers, with a major component of the Prime Minister's hibernation strategy being rent relief and the recently finalised Commercial Tenancy Code. While we're only just seeing the States and Territories reveal how they will apply the Code, there are already a lot of questions around how landlords and tenants, financiers and Government can keep the...

Every day has been like Christmas trading for essential retailers like Woolworths and Coles with significant supply and demand issues experienced in the past month - and not just for toilet paper. However, retailers are settling into the 'new normal', and we are already seeing more social distancing in stores and supply chain innovation. And with more of us shopping online for basic essentials tha...

National Managing Partner of Private Advisory, Tony Markwell explores the importance of evaluating your business model so you can hit the ground running when we're on the other side, engaging your people as your biggest fans, and embracing changes in consumer and customer behaviour to enhance the client experience.

Our National Head of Retail and Consumer Products, Luke Ritchie, discusses what we're seeing in the retail sector at the moment - from big leaseholders shutting doors, to innovation and doing things differently. What will consumer behaviour look like in 12 months? Listen to our podcast now to find out.

Grant Thornton Australia Partner Madeleine Mattera spoke about the current COVID-19 crisis and the role of the banks in supporting the economy. Madeleine discusses the significant moves we've seen from the RBA recently, what we can expect in the coming months from the financial services sector and 'pandemic plans'.

The business impacts are widespread, across all industries and sectors - and for those experiencing distress prior to the pandemic, COVID-19 could be the straw that breaks the camel's back. However, not all is lost. In this time of change and uncertainty in the business community, hear from Said Jahani, National Managing Partner of Financial Advisory at Grant Thornton as he discusses how COVID-19...