Home' InDaily : February 18th 2011 Contents PARTNERS
FRIDAY 18TH FEBRUARY 2011
Last year Deloitte announced that the partners and staff of
one of Adelaide’s leading professional services firms, mhm
would be joining Deloitte’s Adelaide and Perth offices.
Deloitte’s Adelaide practice now comprises 27 partners and
more than 340 people providing audit, tax, risk consulting
and corporate finance to publicly listed companies and
Government in addition to the newly enlarged private
business practice which trades under the name of Deloitte
Today Deloitte is pleased to announce that the partners and
staff of accounting firm, Macquarie Partners will be joining
their Deloitte Private business in Western Sydney as part of
a national strategy to grow our private practice.
Commenting on the union of the two firms, Deloitte Office
Managing Partner in Parramatta, Peter Forrester said, “The
union is testament to our on-going investment in Western
Sydney. The partnership will capitalise on the strong cultural
fit, mutual networks and growth opportunities of both
firms for the benefit of employees and clients.
“Deloitte has been working with businesses in Western
Sydney since our Parramatta office was opened over 30
years ago. The addition of the Macquarie Partners’ office in
Norwest Business Park compliments our Parramatta office
by making us even more accessible to our clients in Western
Sydney, something which is very important to us.” said Mr
Forrester. Click here to read more.
Information sourced from Deloitte Private
For those of us interested in the origins
of corporate jargon (or “corporatese” as
some call it) then the following origin of
the phrase “benchmarking” is a useful
reference to perhaps store away in that
part of our brain where everything useless
or boring lives. Alternatively, just skip the
The term bench mark, or benchmark,
originates from the chiselled horizontal
marks that surveyors made in stone
structures, into which an angle-iron could
be placed to form a “bench” for a levelling
rod, thus ensuring that a levelling rod
could be accurately repositioned in the
same place in future. These marks were
usually indicated with a chiselled arrow
below the horizontal line.
In business benchmarking is a proven tool
used in the measurement of a process,
product, or service compared to those of
competitors or world class performers, or
internally across geographies – to find and
implement ways to improve.
While many companies have been
using benchmarking as their process
performance management tool of choice
for several years, their needs have become
progressively more sophisticated.
Deloitte strongly believes it is no longer
enough to know just where you rank
among competitors. Companies need to
be able to use this knowledge to identify
improvement opportunities that integrate
with action-based improvement plans.
Then, you can re-benchmark to measure
the improvement program’s effectiveness
in meeting corporate and process
Click here to
read the full story.
Employers can provide assistance to
employees affected by the recent natural
disasters in Australia without incurring
additional tax, according to Elizma Bolt,
Deloitte Employment Taxes Partner.
“In the wake of the floods in Queensland
and Victoria, the cyclones in Queensland
and the bush fires in Western Australia,
employers are asking how they can provide
assistance to their employees that have
been affected and whether that assistance
will be subjected to tax,” Ms Bolt said.
“The short answer is ‘no’ and the ATO have
now provided a number of options in these
scenarios. They include salary sacrificed
donations, ‘bucket collections’ and Fringe
Benefits Tax (FBT) exemption for emergency
assistance.” Click here to read more.
How shall I compare thee?
Tax breaks for natural disaster
victims, says Deloitte
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