Join BDO for a comprehensive summary and overview of transformations shaping the Franchise and retail sector. What will be covered: What technology solutions can do for your workforce What you need to do for Single Touch Payroll reporting What practical solutions exist to help you manage the Vulnerable Workers changes to the Fair Work Amendment […]
Jason Daniels, Partner, Business Services, BDO The Australian Tax Office (ATO) has recently launched Single Touch Payroll Reporting (STPR) requirements that will be enforced from 1 July 2018. This will create significant changes for how businesses across the country report to and engage with regulators. Businesses with an employee head count of 20 or more will be […]
Traditional vs non-bank funding for SMEs The following article was written by Peter Winterflood, Partner, Advisory at BDO Has traditional bank funding become a sticking point for your business? Small to medium enterprises (SMEs) are often looking for alternatives to traditional bank funding. There are many new participants, some of which are facilitated through fintechs. There […]
How Retailers Contend with Today’s Prominent Challenges By BDO’s Consumer Business Practice Leaders Alarmist headlines suggest the death of retail, but do retailers themselves share this perception? BDO analysed the 10-K filings of the 100 largest U.S. retailers for their 2017 Retail RiskFactor Report, which found that retailers recognise both narrow and broad obstacles ahead. Among […]
by Cyber-security expert, Leon Fouche, BDO On Friday, the world experienced the wrath of a well-coordinated ransomware attack, known as WannaCry. A number of large companies have already been impacted, including Britain’s public health system, FedEx in the USA and Spanish telecom provider Telefonica. As of this morning, the Australian Cyber Security Centre indicated that none […]
The franchising sector has been the focus of a number of recent high-profile investigations around payroll and underpayment issues. In response to this, the Federal Government introduced its Fair Work Amendment (Protecting Vulnerable Workers Bill) into the House of Representatives in March to crack down on future breaches. With these legislative changes coming soon, how […]
Leading advisory firm BDO is urging retailers to get back to basics to ensure they stay ahead of potential cyber security breaches, after releasing the results of its inaugural cyber security survey. The 2016 Cyber Security Survey, which was completed in conjunction with AusCERT, aims to help the market understand the cyber security challenges Australian […]
BDO is a global professional services firm that service a diverse range of clients, from large corporate organisations to private businesses, entrepreneurs and individuals across a broad array of industry sectors. Their Retail team uses more than just the combined knowledge and experience of our staff and partners to provide audit, tax and advisory services […]
Last week Mark Molesworth, BDO’s Tax Partner provided an analysis of the Budget and explain the implications for business, sectors and individuals. Dr Ray Weekes of The CEO Institute moderated a discussion with a guest panel to explore the wider impact of the 2016-2017 Budget. The panel of experts were: • Dr Adam Walk, Consulting […]
Thank you to the NRA members who attended the recent BDO webinar. Inventory is one of the most important parts of any retail business. It is one of the biggest investments and something that most retailers spend a majority of their time managing. Adequate stock controls are needed to reduce inventory costs and increase stock […]
Thank you to the National Retail Association members who attended the recent BDO webinar. The retail sector is an engine room of tax generation when it comes to existing taxes such GST, land tax and payroll tax. Small businesses have fought long and hard for the government to remove the $1000 threshold, arguing independent retailers […]
Shoppers are expected to hit the pavement in droves this weekend, with retailers hoping the traditional last-minute sales spike of the third week in December and tumbling Australian dollar helps deliver a strong Christmas sales period. Tills have already started ringing loud and clear throughout Aussie bricks and mortar stores this December, according to data […]
BDO’s Spend Trend 2015 review provides a comparative analysis of how Australian retailers are performing against their international competitors. In addition to examining whether the effect of the perceived – and much talked about – tough retail trading environment has actually been reflected in the retailers’ published financial results. BDO’s analysis of Australian and international […]
The National Retail Association (NRA), in collaboration with event partners BDO and the National Online Retailers Association (NORA), proudly present the, 2016 Australian Retail Study Tour in New York; the first of its kind! Join our Aussie conga line and be a part of the ultimate retail safari to the NRF Big Show in […]