BDO Business services partner Jodie Knowlton talks to The Australian Financial Review about succession planning for farming families. Jodie says succession planning among farming families is particularly challenging because there isn’t the typical separation between home and business that you get with “normal family businesses”. “Emotion is a huge factor. It’s not just something financial. It’s the place where the family had Christmas, where people grow up.” This is where seeking outside advice and counsel can help work through the many challenges of succession planning, says Knowlton. Every family is different. AFR subscribers can read the full story here: https://lnkd.in/ea-zy9SY #successionplanning #agri #farming
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
- 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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BDO welcomes you to register for this AuManufacturing news and media webinar. Hosted by Peter Roberts, an expert panel comprised of industry experts Dr John Howard, Serena Ross, Jefferson Harcourt and BDO’s Nicola Purser will explore the causes of, and solutions for, Australia’s innovation crisis. The discussion will focus on how to increase our R&D spend towards 3% of GDP, as highlighted in the recent editorial series 'Towards 3% R&D – Turbocharging Australia’s innovation efforts'. Register 👉 https://lnkd.in/e7zNcaXv
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A Family Charter, sometimes called a Family Compass, is a bespoke, living document that helps steer family office governance and decision-making. It provides a framework to guide high-wealth families through uncertainty while remaining true to their objectives and values. In this article, family office specialist Eleanor Moffat unlocks the secret to crafting a charter that addresses your family’s unique circumstances and supports successful wealth management across multiple generations. #familycharter #governance #wealth #wealthmanagement #familyoffice
The keys to a successful family office: The Family Charter
bdo.com.au
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Join our Tax Partners and Working in Australia experts, James Trainor and Stefanie Merlino, as they break down the ins and outs of salary packaging. They’ll explore the risks and pitfalls, while also explaining the different types of benefits and how they impact employees. Simon Ellis from Paywise will join James and Stefanie to help debunk common myths, like the EV Exemption, and show you the power of a well-considered salary package. Register today to secure your place: https://lnkd.in/eUG3M2yC
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BDO's National Leader of Sustainability, Aletta Boshoff, spoke with Accounting Times recently and urged businesses to ensure they understand the new reporting timelines for soon-to-be implemented mandatory climate reporting legislation and that they start to prepare. “Now is the time for businesses to begin integrating these climate reporting requirements into their operations,” she said. “Early preparation will provide a competitive edge and demonstrate commitment to responsible business practices.” Read the full article 👇 https://lnkd.in/gDfga_tY
Climate reporting marks ‘pivotal shift' for Australian businesses
accountingtimes.com.au
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For Private Equity firms, cyber security is not just a protective measure when assessing potential portfolio companies. It's a critical part of business strategy. Learn more. #privateequity #cybersecurity
Are your investments cyber-secure?
bdo.com.au
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Discover the latest sustainability reporting news, insights, tools and masterclasses in this week's edition of BDO's insights. #BDOinsights #sustainability #corporatereporting
Latest sustainability news: Mandatory climate reporting starts 1 Jan 2025
BDO in Australia on LinkedIn
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BDO's Migration Services Principal Lawyer Rebecca Thomson features in HR Leader, commenting on the record $15.3m in penalties secured by the Fair Work Ombudsman against the former operators of Sushi Bay. Rebecca told the publication that the severe penalty of $15.3 million highlights the importance of adhering to legal standards and protecting vulnerable workers from exploitation. “Breaches can lead to severe penalties, including fines and restrictions on future sponsorships. Compliance is essential not just for legal adherence but also for maintaining the ability to recruit and retain skilled workers," she said. “Regular audits and assessments of compliance with wage rates, working conditions, and visa obligations are critical." Read the full story.
$15m fine for underpayments a ‘powerful reminder' of duties
hrleader.com.au
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It’s official: mandatory climate reporting in Australia starts on 1 January 2025. The Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Bill, introduced into Parliament four months ago, passed the Senate late last week. Royal Assent is expected soon. Group 1 entities must prepare their first report for the year ending 31 December 2025. We answer the top questions about this change - link below 👇 #ClimateRisk #Sustainability #mandatoryreporting #ESG
Mandatory climate reporting in Australia starts 1 Jan 2025
bdo.com.au
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Our Cyber Security team held a Workshop on Payments Security in Sydney this week, showcasing the ways we can assist clients in navigating the SWIFT Customer Security Controls Framework. Cyber Security Partner, Mohit Malik, and Senior Manager, George Choueifate, outlined the approach we take in performing SWIFT assessments, shared insights into common gaps in organisations’ SWIFT Customer Security Program (CSP) implementation and discussed how we can help organisations overcome these pitfalls to best implement SWIFT CSP. Thank you to the SWIFT representatives, Suresh Rajalingam, Tolga Ercan, Simon Lau and Jean-Pierre Berbee, for speaking at our event and providing insights into future trends and changes impacting SWIFT Payments Platforms. Thank you also to Dr. Tim Nedyalkov, Technology Information Security Officer, Commonwealth Bank, and Tim Aman, CPA, CA, Global Leader, Fintech, BDO, who joined in on our panel discussion. We hope all attendees found the experience valuable. Learn more about our cyber security services: https://lnkd.in/gtFhPK-N #teamBDO pictured left to right: Geoff Rooney, Mohit Malik, Srinidhi Rao, George Choueifate #PaymentsSecurity #SWIFTCSP #SWIFTCSCF
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