BDO Business Services Partner Chris Balalovski spoke to The Australian Financial Review last week to shed some light on what clients are asking when it comes to the proposed plan to increase the tax rate on earnings of super balances above $3 million. Chris is hoping the parliamentary stalemate will be resolved in the next month, providing clarity and certainty to those affected. “Even if it’s not, we still have quite a bit of lead time to allow an orderly movement of funds between now and the end of the financial year,” he says. “We’re emphasising no action at this point, and by action I mean no movement of money anywhere.” BDO is running projections for clients likely to be affected, giving them insight into what their financial position might be if the tax is legislated in its current form. AFR subscribers can read the full story here: https://lnkd.in/gXQifmSa #superannuation #tax
BDO in Australia
Accounting
Brisbane, Queensland 67,299 followers
IDEAS | PEOPLE | TRUST
About us
BDO is a trusted adviser to clients seeking audit, tax and advisory services. As one of the world’s leading audit and accounting organisations, we have clients of all types and sizes from large corporate organisations to private businesses, entrepreneurs and individuals across an array of industry sectors. At BDO, we are guided by our values that are the foundation of what we deliver: IDEAS | PEOPLE | TRUST. This is about delivering ideas and advice that create value; quality-driven people who are motivated by providing exceptional client service; and being trusted to get the job done. Talk to us today.
- Website
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http://www.bdo.com.au
External link for BDO in Australia
- Industry
- Accounting
- Company size
- 1,001-5,000 employees
- Headquarters
- Brisbane, Queensland
- Type
- Partnership
- Specialties
- Audit, Tax, Corporate Finance, Forensic Services, Consulting, Private Wealth, Transfer Pricing, Business Services, Accounting Outsourcing, Financial Management Consulting, International Business, Migration Services, Risk Advisory Services, and Business Restructuring
Locations
Employees at BDO in Australia
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Leon Fouche
Partner, National Cyber Security Leader and Board Advisory Chair
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Kamal Prasad
Consulting | Performance Improvement | Digital and Advanced Analytics
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James Williams
Change Management Specialist PROSCI®
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Keith Bailey
Director ✦ Board Advisor ✦ Advisory Board Certified Chair ✦ Interim CEO / GM ✦ Growth & Change Management ✦ FAICD FGIA FABC FIML
Updates
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Learn more about the critical role of deferred revenue in M&A transactions with key insights from BDO's deal advisory team. #mergersandacquisitions #deals
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Due to the increasing use of technology and sophistication, the number of scams reaching our phones, emails, and social media accounts is going up, and anyone can be scammed at any time. This week is Scams Awareness Week 2024, and in support of this initiative, our Forensic Services experts are sharing their top tips on preventing, identifying, and responding to suspicious activity. Read our latest scam culture report to learn more about recent scam trends, developments in Australia, and how you can take measures to protect yourself. #ScamsWeek24 #scamsawareness
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The Australian Federal Court’s $15.3m penalty against Sushi Bay reveals critical issues for employers. Dive into our expert analysis by Migration Services and Payroll Advisory leaders Rebecca Thomson and Stefanie Merlino and learn how to avoid costly breaches and ensure fair pay. #compliance #immigration #payroll #employment
Sushi Bay's $15.3M penalty: What employers need to know
bdo.com.au
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In this week’s edition of BDO’s insights, we take a look at the Export Market Development Grants (EMDG) program for SMEs and highlight some important changes. Plus: it's Scams Awareness Week, and our experts highlight the key trends to watch out for. #BDOinsights
Is it time to expand your export markets?
BDO in Australia on LinkedIn
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Our Perth office recently hosted the WA Project and Infrastructure Forum in partnership with Business News WA. The forum began with a keynote speech from WA’s Deputy Premier, The Hon. Rita Saffioti MLA, which was followed by a lively and insightful panel discussion featuring Philip Helberg of Infrastructure WA and BDO Project and Infrastructure Advisory Partner, John Burger. The forum was an opportunity for the industry to come together to exchange ideas and discuss the crucial next steps for infrastructure development both in WA and nationally. Thank you to Business News WA for collaborating with us on this initiative. Pictured left to right: Mark Beyer, Business News WA, The Hon. Rita Saffioti MLA, John Burger and James Massie-Taylor, BDO.
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As the private equity (PE) market becomes more active, articulating a portfolio company’s value is critical to maximising returns when selling the business. Navigating the pre-sale, growth and exit stages while meeting investor obligations is a balancing act that requires the right support and deep industry expertise. This is where CFO support can assist. By outsourcing the finance function, PE firms can shift their focus to strategic priorities and growing other areas of the business. In this article, BDO Partners Sebastian Stevens and Nick Fox explain how CFO support can benefit PE firms at any stage of the transaction process. #privateequity #transactionadvisory #CFOadvisory
Optimise your portfolio company's finance function
bdo.com.au
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We are #BDOproud to be the sponsor of GradConnection’s Accounting Top100 Future Leader Award for 2025. These awards provide students with the opportunity to accelerate their careers while developing their personal branding, as well as their job application and communication skills. Being recognised as a Top100 Future Leader can open many doors and help you develop, both personally and professionally. If you’re an accounting student, apply for the BDO Accounting Top100 Future Leader Award today: https://lnkd.in/eGZv4vZJ #GCTop100 #students #BDOcareers
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Thank you to everyone who attended our networking evening this week, hosted by our National Private Equity team at CIRQ - Crown Sydney’s rooftop terrace. We had a great evening connecting with professionals from across the city and beyond against a backdrop of Sydney’s iconic harbour. Thank you to all our guests for coming, we hope you had a great time! Pictured (left to right): BDO's Madeliene Hilton, Casey Wagland, Fiona Narielwalla, and Harriet Hawksworth. #PrivateEquity #Networking
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EMDG alert: The Export Market Development Grants program is opening its next round in November 2024. With up to $209 million available over two years, it’s a golden opportunity to boost your export ambitions. Discover the updated eligibility criteria, new grant tiers, and application deadlines to make sure you’re ready. Don’t miss out on the chance to expand your global reach. BDO's Nicola Purser and Melissa Fardone explain this latest round, open dates, eligibility and how to apply. #ExportGrants #EMDG #SME #BusinessGrowth
EMDG Program | Open dates, eligibility and how to apply
bdo.com.au