- Market services
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Compliance audits & reviews
Our audit team undertakes the complete range of audits required of Australian accounting laws to help you to help you meet obligations or fulfil best practice procedures.
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Audit quality
We are fiercely dedicated to quality, use proven and globally tested audit methodologies, and invest in technology and innovation.
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Financial reporting advisory
Our financial reporting advisory team helps you understand changes in accounting standards, develop strategies and communicate with your stakeholders.
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Audit advisory
Grant Thornton’s audit advisory team works alongside our clients, providing a full range of reviews and audits required of your business.
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Corporate tax & advisory
We provide comprehensive corporate tax and advisory service across the full spectrum of the corporate tax process.
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Private business tax & advisory
We work with private businesses and their leaders on all their business tax and advisory needs.
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Tax compliance
We work alongside clients to manage all tax compliance needs and identify potential compliance or tax risk issues.
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Employment tax
We help clients understand and address their employment tax obligations to ensure compliance and optimal tax positioning for their business and employees.
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International tax
We understand what it means to manage tax issues across multiple jurisdictions, and create effective strategies to address complex challenges.
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GST, stamp duty & indirect tax
Our deep technical knowledge and practical experience means we can help you manage and minimise the impact of GST and indirect tax, like stamp duty.
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Tax law
Our team – which includes tax lawyers – helps you understand and implement regulatory requirements for your business.
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Innovation Incentives
Our national team has extensive experience navigating all aspects of the government grants and research and development tax incentives.
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Transfer pricing
Transfer pricing is one of the most challenging tax issues. We help clients with all their transfer pricing requirements.
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Tax digital consulting
We analyse high-volume and unstructured data from multiple sources from our clients to give them actionable insights for complex business problems.
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Corporate simplification
We provide corporate simplification and managed wind-down advice to help streamline and further improve your business.
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Superannuation and SMSF
Increasingly, Australians are seeing the benefits, advantages and flexibility of taking control of their own superannuation and retirement planning.
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Payroll consulting & Award compliance
Many organisations are grappling with a myriad of employee agreements and obligations, resulting in a wide variety of payments to their people.
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Cyber resilience
The spectrum of cyber risks and threats is now so significant that simply addressing cybersecurity on its own isn’t enough.
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Internal audit
We provide independent oversight and review of your organisation's control environments to manage key risks, inform good decision-making and improve performance.
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Financial crime
Our team helps clients navigate and meet their obligations to mitigate crime as well as develop and implement their risk management strategies.
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Consumer Data Right
Consumer Data Right (CDR) aims to provide Australians with more control over how their data is used and disclosed.
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Risk management
We enable our clients to achieve their strategic objectives, fulfil their purpose and live their values supported by effective and appropriate risk management.
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Controls assurance
In Australia, as with other developed economies, regulatory and market expectations regarding corporate transparency continue to increase.
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Governance
Through fit for purpose governance we enable our clients to make the appropriate decisions on a timely basis.
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Regulatory compliance
We enable our clients to navigate and meet their regulatory and compliance obligations.
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Forensic accounting and dispute advisory
Our team advises at all stages of a litigation dispute, taking an independent view while gathering and reviewing evidence and contributing to expert reports.
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Investigations
Our licensed forensic investigators with domestic and international experience deliver high quality results in the jurisdictions in which you operate.
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Asset tracing investigations
Our team of specialist forensic accountants and investigators have extensive experience in tracing assets and the flow of funds.
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Mergers and acquisitions
Our mergers and acquisitions specialists guide you through the whole process to get the deal done and lay the groundwork for long-term success.
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Acquisition search & strategy
We help clients identify, finance, perform due diligence and execute acquisitions to maximise the growth opportunities of your business.
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Selling a business
Our M&A team works with clients to achieve a full or partial sale of their business, to ensure achievement of strategic ambitions and optimal outcomes for stakeholders.
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Operational deal services
Our operational deal services team helps to ensure the greatest possible outcome and value is gained through post merger integration or post acquisition integration.
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Transaction advisory
Our transaction advisory services support our clients to make informed investment decisions through robust financial due diligence.
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ESG 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.
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Business valuations
We use our expertise and unique and in-depth methodology to undertake business valuations to help clients meet strategic goals.
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Tax in mergers & acquisition
We provide expert advice for all M&A taxation aspects to ensure you meet all obligations and are optimally positioned.
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Corporate finance
We provide effective and strategic corporate finance services across all stages of investments and transactions so clients can better manage costs and maximise returns.
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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.
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Working capital optimisation
Our proven methodology identifies opportunities to improve your processes and optimise working capital, and we work with to implement changes and monitor their effectiveness.
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Capital markets
Our team has significant experience in capital markets and helps across every phase of the IPO process.
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Debt and project finance raising
Backed by our experience accessing full range of available funding types, we work with clients to develop and implement capital raising strategies.
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Private equity
We provide advice in accessing private equity capital.
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Financial modelling
Our financial modelling advisory team provides strategic, economic, financial and valuation advice for project types and sizes.
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Payments advisory
We provide merchants-focused payments advice on all aspects of payment processes and technologies.
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Voluntary administration & DOCA
We help businesses considering or in voluntary administration to achieve best possible outcomes.
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Corporate insolvency & liquidation
We help clients facing corporate insolvency to undertake the liquidation process to achieve a fair and orderly company wind up.
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Complex and international insolvency
As corporate finance specialists, Grant Thornton can help you with raising equity, listings, corporate structuring and compliance.
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Safe Harbour advisory
Our Safe Harbour Advisory helps directors address requirements for Safe Harbour protection and business turnaround.
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Bankruptcy and personal insolvency
We help clients make informed choices around bankruptcy and personal insolvency to ensure the best personal and stakeholder outcome.
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Creditor advisory services
Our credit advisory services team works provides clients with credit management assistance and credit advice to recapture otherwise lost value.
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Small business restructuring process
We provide expert advice and guidance for businesses that may need to enter or are currently in small business restructuring process.
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Asset tracing investigations
Our team of specialist forensic accountants and investigators have extensive experience in tracing assets and the flow of funds.
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Independent business reviews
Does your company need a health check? Grant Thornton’s expert team can help you get to the heart of your issues to drive sustainable growth.
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Commercial performance
We help clients improve commercial performance, profitability and address challenges after internal or external triggers require a major business model shift.
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Safe Harbour advisory
Our Safe Harbour advisory helps directors address requirements for Safe Harbour protection and business turnaround.
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Corporate simplification
We provide corporate simplification and managed wind-down advice to help streamline and further improve your business.
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Director advisory services
We provide strategic director advisory services in times of business distress to help directors navigate issues and protect their company and themselves from liability.
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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.
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Business planning & strategy
Our clients can access business planning and strategy advice through our value add business strategy sessions.
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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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Outsourced accounting services
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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Superannuation and SMSF
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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Management reporting
We help you build comprehensive management reporting so that you have key insights as your business grows and changes.
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Financial reporting
We help with all financial reporting needs, including set up, scaling up, spotting issues and improving efficiency.
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Forecasting & budgeting
We help you build and maintain a business forecasting and budgeting model for ongoing insights about your business.
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ATO audit support
Our team of experts provide ATO audit support across the whole process to ensure ATO requirements are met.
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Family business consulting
Our family business consulting team works with family businesses on running their businesses for continued future success.
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Private business taxation and structuring
We help private business leaders efficiently structure their organisation for optimal operation and tax compliance.
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Outsourced CFO services
Our outsourced CFO services provide a full suite of CFO, tax and finance services and advice to help clients manage risk, optimise operations and grow.
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ESG & sustainability 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.
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ESG & sustainability 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.
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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.
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ESG 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.
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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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Financial consulting
We provide financial consulting services to keep your business running so you focus on your clients and reaching strategic goals.
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China practice
The investment opportunities between Australia and China are well established yet, in recent years, have also diversified.
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Japan practice
The trading partnership between Japan and Australia is long-standing and increasingly important to both countries’ economies.
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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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Singapore practice
Our Singapore Practice works alongside Singaporean companies to achieve growth through investment and market expansion into Australia.
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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.
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Client Alert Government Grants in FY25As we embark on a new financial year, it’s crucial to take a strategic approach to understanding the government grants landscape.
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Client Alert Consultation on foreign resident CGT rules commencesTreasury 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.
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Insight Australian wine export strategies post-China tariff removalFollowing 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.
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Insight Cultivating innovation: A guide to claiming the R&D Tax Incentive in the Agribusiness sectorTo facilitate continued innovation in the Agribusiness sector, the Federal Government’s Research and Development Tax Incentive supports companies to undertake research and development activities that meet the eligibility criteria.
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Renewable Energy
Transformation through energy transition
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Flexibility & benefits
The compelling client experience we’re passionate about creating at Grant Thornton can only be achieved through our people. We’ll encourage you to influence how, when and where you work, and take control of your time.
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As a new graduate, we aim to provide you more than just your ‘traditional’ graduate program; instead we kick start your career as an Associate and support you to turn theory into practice.
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Profound changes to the aged care workforce are needed now
As our aged care sector continues its journey of reform and change, providers are firmly focused on how to deliver better outcomes for those receiving care now and into the future.
A central element in achieving this goal is having an effective approach to tackling workforce challenges. It’s also the key to creating a positive organisational culture, controlling costs, and improving quality, safety, and day to day operations.
The aged care sector is facing pressure being exerted at all levels of the organisation. Externally, there’s the unfolding fallout from the Aged Care Royal Commission, ACFI funding pressures, and industrial pressure for fixed staff ratios. Looking internally, many providers have an ageing direct care workforce, an increasing proportion of casual/part-time staff, specific budget pressures, recruitment issues and high levels of unplanned leave and turnover. On top of that, the introduction of the new Aged Care Quality Standards is unsettling for clinical leaders and front line teams, concerned about the pressures of meeting new levels of compliance and scrutiny. Cumulatively these pressures are playing out to create the perfect storm for workforce tensions.
Many providers face the reality of having a very distracted management environment for the next few years while their teams deal with fast-moving issues coming from all directions. In working with our clients it’s clear that every workplace is different and each has its own specific issues.
The aged care system is a complex ecosystem
Michael Roberts - Grant Thornton Consulting
"The aged care system is a complex ecosystem where different facilities, geographies, and teams can vary enormously in terms of workforce challenges. There’s no magic bullet but there are key actions providers can take to successfully navigate this complex landscape."
Understand the situation (you can’t fix what you can’t see)
Perhaps the most crucial element in the journey is making sense of the various moving parts. This takes a combination of active leadership presence, listening, observing and analysing and monitoring meaningful data. Complex human systems cannot be managed by remote control alone. The consequences of that approach are all too visible at the moment. The value delivered to residents and clients, and the organisations reputation is created by the actions and behaviours of front-line staff.
It’s common to find that leaders and Boards of Aged Care providers need a much clearer picture around workforce issues than they currently have. It is not enough to periodically monitor average monthly KPIs – that is the equivalent of steering a car down the road by watching the rear view mirror. We need a stronger focus and better tools to provide insights into team culture and workforce dynamics (variations in turnover, leave patterns, recruitment, skills, and performance etc). That also means having better information flow up, down, and across the organisation.
Solutions can’t be defined and refined until there’s a clear view of the landscape. Having better knowledge lets us see pressure points and respond quickly and appropriately. Strategies might include people management, reward and recognition, recruitment, technology, change management, performance management, training and coaching, roster and coverage changes – whatever it takes.
We recently completed some work with a client which provided powerful insights to help them better understand and manage their workforce environment. You can read more about that here.
Nurture good people – focus on culture
Team culture plays a critical role in attracting and retaining good staff. Providers most likely to be successful are those who bring their stated culture and values to life, and where they are genuinely embraced and felt by everyone. These are teams that create a place that people want to be in, with high job satisfaction, and a workplace which staff happily recommend to others.
Front line leaders play a critical role in ensuring that their workplace is one where the organisational values are lived in reality. Insincerity or a lack of alignment with the personal values of the staff is a recipe for burnout or disengagement. In a 24/7 service this means ensuring consistency across all shifts.
Recruit wisely
We have worked with providers who have almost identical services and a similar resident profile that operate in the same region. One has a waiting list of eager people wanting to work there, while the other has chronic recruiting issues. Reasons of team and management culture, job flexibility, reputation, and local practices are all contributing factors. It’s also important to have an understanding of the reasons for people leaving the organisation. Good people may be lost to the organisation because of lack of flexibility, a mis-match between the lived experience and personal values, not getting enough shifts, or local leadership issues. You don’t know why if you don’t ask and people won’t tell you the truth if you don’t ask in the right way.
For those services where staff turnover is high or recruitment is problematic it’s a good time to understand the contributing factors to the problem and question whether the current process is working effectively. Is the current recruitment approach effective – particularly for those using outsourced on-line recruitment services? While this approach might deliver a large number of applications and resumes, it may not bring candidates with the right attitude, skills and fit for the job.
Utilising the personal and professional connections
Michael Roberts - Grant Thornton Consulting
"There is mounting evidence that utilising the personal and professional connections of your best people may be a much better source of future staff with the right organisational fit."
Obviously, steer away from hiring just anyone who can fill a vacant position – even as a casual team member. Lowering recruitment standards always has negative long-term consequences in terms of performance, quality and morale. It’s also the fastest way to demotivate or lose your good people.
Help teams understand the outcomes-based environment
We are in an era where the focus on service delivery and quality from regulators has never been higher. Teams need to be ready to handle the higher level of scrutiny around quality and safety of services. To demonstrate compliance with the new Aged Care standards, the quality and safety systems need to capture whether standards are actually being met and outcomes achieved. We call it the “Show Me” test. It’s not enough to have a policy or procedure, the staff need to be able to understand and describe the requirements and help measure outcomes. This new level of scrutiny will impact all levels of the organisation and all staff need to understand what this means in terms of their role and how they work and relate with clients and families. The training and change management efforts needed in this area can be significant
Ensure that RN and EN roles can focus on areas that add value
It’s a fact that the proportion of RNs and ENs in residential care has significantly reduced over time. Figures from Department of Health and Australian Institute of Health and Welfare show that from 2003-2016 Australian Residential care places increased by 48,000 at the same time as RN and EN positions decreased by 3,500. While there’s no blueprint for determining the right blend of staff it is clear we need to make best use of valuable RN and EN time. There is a lot of pressure for people in these important roles to spend more time on documentation and compliance management and this does not always make for a desirable clinical role. RN and EN roles are less satisfying and effective when they are reduced to just pushing a medication trolley or filling in forms. They need to be freed up to focus on working closely with residents, carers and care workers, GPs and others to improve resident’s lives and prevent and solve problems.
For aged care providers, getting the workforce right is a critical piece of the journey to achieving better care outcomes. Through gaining a deeper understanding of the issues and implementing clear, fair and flexible strategies, providers can find new ways to better manage the many complex and interlinked challenges and ultimately differentiate themselves to gain competitive advantage.