Name: Retail 2024: insights, disruptors, and future planning
Start: 2024-02-22T21:36:00+10:00
End: 2024-02-22T21:36:00+10:00

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Client Alert ATO tightens country-by-country reporting exemptions: what you need to know

The ATO has tightened exemption criteria for country-by-country reporting, effective January 1, 2024. Taxpayers will need to submit more information, aligning with the ATO's focus on international tax risks and local file reporting.

| 5 min read | 19 Dec 2024

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| 27 min listen | 23 Oct 2024

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Our forensics team identifies and obtains relevant information, investigates the financial issue at hand and provides a clear, concise, sustainable opinion as...

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Client Alert Expert Determination: When it’s an ‘error’, but not a ‘manifest error’

In a recent NSWSC judgment, the Court found that an error identified by the Expert is not a ‘manifest error’.

Thomas Caldow

| 3 min read | 15 Oct 2024

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We provide expert advice for all M&A taxation aspects to ensure you meet all obligations and are optimally positioned.

Related insights:

Insight Australia’s merger and acquisition landscape receives largest regime shake up in 50 years

On 10 October 2024 the Treasury Laws Amendment (Mergers and Acquisitions Reform) Bill 2024 (the Bill) was tabled in the Australian Parliament in an effort to overhaul Australia’s mergers and acquisition laws. The bill was passed by both houses of Parliament on 28 November 2024.

Pete Burgess

| 6 min read | 18 Dec 2024

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Related insights:

Report Agribusiness, Food & Beverage Dealtracker 2024

Merger & Acquisition (M&A) and equity market activity in the Agribusiness, Food & Beverage (Ag, F&B) sector is undergoing a strategic shift, as investors have become more selective and increasingly cautious in response to global economic uncertainty.

12 Dec 2024

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Small business restructuring process
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Our team of specialist forensic accountants and investigators have extensive experience in tracing assets and the flow of funds.

Related insights:

Insight The rise in retail insolvencies

Rising costs, supply chain disruptions, and shifting consumer behaviour are pushing many retailers to the edge. Taking immediate action to reduce operational expenses and prioritise cash flow management can give businesses the breathing room they need. Retailers must adapt quickly to survive these challenging market conditions and avoid insolvencies.

| 4 min read | 22 Oct 2024

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We provide corporate simplification and managed wind-down advice to help streamline and further improve your business.
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We provide strategic director advisory services in times of business distress to help directors navigate issues and protect their company and themselves from liability.
Debt advisory
We work closely with clients and lenders to provide holistic debt advisory services so you can raise or manage existing debt to meet your strategic goals.

Related insights:

Insight The rise in retail insolvencies

| 4 min read | 22 Oct 2024

Business services

We work with private businesses across Australia – and internationals looking to Australia for their investments and operations – on all accounting and...

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Our clients can access business planning and strategy advice through our value add business strategy sessions.
Private business company secretarial services
We provide company secretarial services and expert advice for private businesses on all company secretarial matters.
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We act as a third-party partner to international businesses looking to invest in Australia on your day-to-day finance and accounting needs.
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We provide SMSF advisory services across all aspects of superannuation and associated tax laws to help you protect and grow your wealth.
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We help you build comprehensive management reporting so that you have key insights as your business grows and changes.
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We help with all financial reporting needs, including set up, scaling up, spotting issues and improving efficiency.
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Our team of experts provide ATO audit support across the whole process to ensure ATO requirements are met.
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Environmental, Social and Governance (ESG) and Sustainability

Having a considered and informed ESG response has never been more important for all organisations as we are seeing awareness of the elements of ESG continue to...

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ESG, sustainability and climate reporting
There is a growing demand for organisations to provide transparency on their commitment to sustainability and disclosure of the nonfinancial impacts of their business activities. Commonly, the responsibility for sustainability and ESG reporting is landing with CFOs and finance teams, requiring a reassessment of a range of reporting processes and controls.
ESG, sustainability and climate advisory
With the ESG and sustainability landscape continuing to evolve, we are focussed on helping your business to understand what ESG and sustainability represents and the opportunities and challenges it can provide.
ESG, sustainability and climate reporting assurance
As the demand for organisations to prepare information in relation to ESG & sustainability continues to increase, through changes in regulatory requirements or stakeholder expectations, there is a growing need for assurance over the information prepared.
ESG and sustainability due diligence
As environmental, social, and governance (ESG) considerations become increasingly pivotal for dealmakers in Australia, it is important for investors to feel confident in assessing transactions through an ESG lens.

Related insights:

Insight ASIC draft regulatory guidance for sustainability reporting

On 7 November 2024, ASIC released draft regulatory guidance for sustainability reporting.

| 5 min read | 25 Nov 2024

Consulting

Our consulting team supports its clients with hands-on and proactive advice on all aspects of their strategies for sustainable growth.

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Management consulting
Our management consulting services team helps you to plan and implement the right strategy to deliver sustainable growth.
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We provide financial consulting services to keep your business running so you focus on your clients and reaching strategic goals.

Related insights:

Insight Financial literacy for the Rising Generation

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Kirstin Stewart

| 4 min read | 28 Nov 2024

Asia

The growth gateway

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China practice
The investment opportunities between Australia and China are well established yet, in recent years, have also diversified.
Japan practice
The trading partnership between Japan and Australia is long-standing and increasingly important to both countries’ economies.
India practice
It’s an exciting time for Indian and Australian businesses looking to each jurisdiction as part of their growth ambitions.
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Our Singapore Practice works alongside Singaporean companies to achieve growth through investment and market expansion into Australia.
Vietnam practice
Investment and business opportunities in Vietnam are expanding rapidly, driven by new markets, diverse industries, and Vietnam's growing role in export manufacturing, foreign investment, and strong domestic demand.

Related insights:

Client Alert Consultation on foreign resident CGT rules commences

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.

| 6 min read | 07 Aug 2024

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Agribusiness, Food & Beverage

Supporting the growth of ‘Australian Made’ in today’s markets

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Related insights:

Report Agribusiness, Food & Beverage Dealtracker 2024
Merger & Acquisition (M&A) and equity market activity in the Agribusiness, Food & Beverage (Ag, F&B) sector is undergoing a strategic shift, as investors have become more selective and increasingly cautious in response to global economic uncertainty.

12 Dec 2024
Client Alert Government Grants in FY25
As we embark on a new financial year, it’s crucial to take a strategic approach to understanding the government grants landscape.

Simone Barker
| 12 min read | 09 Aug 2024
Client Alert Consultation on foreign resident CGT rules commences
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.

| 6 min read | 07 Aug 2024
Insight Australian wine export strategies post-China tariff removal
Following the recent removal of tariffs on Australian wine by China, the industry is keen to rebuild relations and explore the right export markets. This presents Australian wine producers with a chance to reassess their position in the global market.

| 5 min read | 24 Jul 2024

Energy & Resources

From an active natural resources M&A market, a growing energy and renewable energy market, to new technologies and export and trade agreements – we have the...

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Renewable Energy
Transformation through energy transition

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Insight Tax planning essentials for successful M&A transactions

Discover key tax planning steps for a smooth, tax-efficient M&A transaction.

Mark Trewhella

| 6 min read | 04 Nov 2024

Financial Services

Working with the sector to understand and manage risk, embrace opportunity and support regulatory compliance

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Health & Aged Care

Working alongside health, disability & aged care providers in a challenging environment

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Life Sciences

On track for innovation and growth

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Professional Services

Setting Australia’s knowledge powerhouse up for success

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Real Estate & Construction

Supporting the sector to respond to economic and social shifts

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Our aim is to help you find a better, simpler, more efficient, and more profitable way of doing things to keep your business safe and help you grow.

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Past Event: Thursday, February 22, 2024

The integration of generative AI and a renewed focus on supply chain resilience have paved the way for transformative shifts in the retail industry.

The future of retail promises to be dynamic and filled with opportunities for growth, and its evolution demands strategic reflection and proactive adaptation.

In this recording, we dive into what retailers need to think about for the future, highlighting the importance of engaging a new consumer landscape, tech-driven retail, conscious retailing and adapting to uncertainty. This includes examples from our recent attendance at the NRF conference: Retail's Big Show in New York, and from around the world.

These shifts will impact how retailers and customers interact, exchange goods and services, transform operating models, and prompt changes in decision-making and workforce management within operations.

Watch the full webinar:

Spotlight into key themes: a deep dive into disruptors

1. Navigating the new consumer landscape

Consumer dynamics are changing significantly, challenging retailers to adapt to a diverse age range and rethink their in-store experiences in the digital age. The rise of DINKWADS (double income, no kids, with a dog) and finding the right balance between vibe and function underscores the need for retailers to adjust quickly, empowering customers to actively shape their business models.

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2. Tech driven retail revolution

The tech-driven revolution demands requires retailers to strategically adopt rapid advancements and empathetic AI. Staying competitive relies on ethical AI practices that enhance productivity and engage customers more deeply. The key is to solve complexity through AI assistants and technological innovations to provide a smooth and hassle-free shopping experience.

3. Conscious retailing – ‘green is the new black’

The demand for eco-accountability and circular consumption isn't just a trend; it's now an expectation for consumers. This urges retailers to embrace ethical practices and take the lead in environmental responsibility. In addition, regulatory requirements highlight the importance for businesses to set rules and standards, minimising waste and promoting sustainability.

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4. Adapting to uncertainty: navigating change, disinformation, and new technologies

Adapting to uncertainty is a core challenge, especially with the rapid changes fuelled by increased use of AI. Retailers should adopt ethical guidelines and transparency, acknowledging trust as a crucial element of stakeholder management. As the workforce evolves, the prediction that we will all manage at least one virtual team member within a decade has profound implications for how organisations are structured and managed.

Speakers

Partner

Wi Liem Chua Follow on LinkedIn

Wi Liem is a commercially driven retail professional with ten years’ experience in the supermarket and apparel retail industry.

Retail 2024: insights, disruptors, and future planning

The integration of generative AI and a renewed focus on supply chain resilience have paved the way for transformative shifts in the retail industry.