BDO in Australia

The ATO has applied for special leave to the High Court to appeal the Bendel decision, with BDO Tax Partner Mark Molesworth on hand to walk The Australian Financial Review through actions that taxpayers will need to weigh up in the immediate future. Mark said corporate beneficiaries and trusts who were taking a conservative view that the ATO would eventually win the case should put any unpaid present entitlement for the year ended June 30, 2023, on a loan agreement “by the earlier of the actual lodgement, or due date for lodgement, of the company’s tax return for the 2024 year”. “Some companies will have already passed that date and presumably will have put a loan agreement in place. There’s a lot of companies coming up due for lodgement on March 31,” he said. Those taking the more bullish view that the ATO’s bid to appeal will fail would “probably do nothing” for unpaid present entitlements related to the 2023 financial year. Taxpayers who had been making repayments on loan agreements for unpaid present entitlements related to financial year 2022 and earlier years should seek tax advice, Mark said. AFR subscribers can read the full story here: https://lnkd.in/gw-qW-Jt #tax

As a member of Committee for Sydney, we were delighted to host their recent boardroom event with Allegra Spender MP, Member for Wentworth, at our office in Sydney. Attended by our Sydney Office Managing Partner, Grant Saxon, as well as Tax Partner, Catherine Dean, and Consulting Partner, Justin Harness, this event offered a unique opportunity to hear directly from a member of parliament whilst considering priorities concerning climate change, tax reform and good governance. We hope all attendees found the conversations enlightening and engaging. #ClimateChange #Tax #Governance

With an upcoming Federal Election, it's important to understand what is included in this Federal Budget and what it means for you. Register now to hear from our panel of experts on Thursday 27 March as they discuss a budget sure to focus on the continuing cost-of-living pressures impacting individuals and industries across the country. #FederalBudget #Budget2025 #AustralianEconomy

Learn more about the perspectives of 500 CFOs across various industries on sustainability from BDO USA’s 2025 Sustainability Outlook survey. This article examines how financial leaders are navigating ESG criteria and sustainability initiatives, offering a glimpse into the future of corporate sustainability. Key observations: ✅ Sustainability remains a top priority for CFOs ✅ CFOs are leading a pivotal shift in corporate sustainability ✅ A growing number of CFOs recognise the strategic value of integrating sustainability into core business operations. In 2025, organisations are moving beyond short-term successes to achieve long-term competitive advantages through sustainability initiatives. With benefits like new growth opportunities and increased market resilience, it’s no wonder 47% of CFOs plan to increase their involvement in sustainability strategy over the next year. The most successful organisations will embed sustainability into their core business strategies, reaping the greatest rewards from their continued focus and investment. If you need support with your sustainability goals, our national team of experts are here to guide you on what to prioritise. #Sustainability #CFOLeadership #ESG #SustainabilityGoals #SustainableBusiness

What do we expect to see in the Federal Budget next week? We asked BDO Tax Partner Mark Molesworth to share his thoughts on what might be featured. #FederalBudget #Budget2025 #AustralianEconomy

⏰ Don’t miss your chance to join #teamBDO. Applications for our 2025/2026 Student Programs close this Sunday. Apply today: https://lnkd.in/g6tBTr4P #Students #BDOcareers #graduates #Careers

Last chance to enter BDO Fast Movers 2025! Nominations close this weekend, March 23, at midnight. 🔶 Nominate now and don't miss out on the opportunity to win game-changing prizes and fast-forward your business growth. Enter now 👉 https://lnkd.in/ewW6bQt #BDOFastMoversSA #FastMoversSA #success #business #SouthAustralia littlelion PR | Floodlight | Market Ease Digital | Australian Centre for Business Growth | Corporate Traveller Australia

On Friday 14 March, the Government released Treasury Laws Amendment Bill 2025: SG reforms to address unpaid super, for consultation. From 1 July 2026, employers will be required to pay their employees’ super at the same time as their salary and wages. Our latest tax technical update breaks down the key proposed changes and what they mean for your business from weekly payroll impacts to tax-deductible SG charges. #Tax #Superannuation #PaydaySuper

Check out the first article in our new series on accounting position papers by Dean Ardern, our newest IFRS & Corporate Reporting Partner. In this series, Dean explains the types of transactions that require these papers and the key features of well-prepared ones. The Australian Securities and Investments Commission (ASIC) sees these papers as the essential link between financial statements and accounting standards. But why is this link so important? Find out more in our article, which provides practical tips to enhance your financial reporting processes. #Accounting #FinancialReporting #CorporateReporting #ASIC

We are #BDOproud to welcome Charlie Puddicombe, MBA, GAICD as our newest Risk Advisory Services Partner in Sydney. Charlie has over 20 years of experience specialising in a suite of governance, risk, and control services, including internal audit services, training, workshops, regulatory compliance, conformance with standards, remediation initiatives, and project assurance. Charlie’s appointment is one of several recent BDO Partner appointments to the Advisory team and his primary focus will be Financial Services, particularly insurers, superannuation funds and payments providers. Please join us in welcoming Charlie Puddicombe, MBA, GAICD, to #teamBDO! #BDOcareers #meetourpeople