Fringe Benefits Tax Lodgment Information The Fringe Benefits Tax (FBT) year runs from 1st April to 31st of March. If you are providing certain benefits to your employees or you are receiving certain benefits as a director of a company or trust, you may be subject to FBT. Lodgment and Payment Dates The FBT lodgement…
Insights About Your Fringe Benefit Tax Obligations Unsure about your Fringe Benefits Tax (FBT) Obligations or what FBT is about? We have compiled some helpful tips that can help you. If you own or lease a car that is available for the private use of your employee/s you may be providing a car fringe benefit.…
Focus on Bi-Annual Payroll Tax Lodgments Article by: Jay Rajapakse, Advivo Accountant and Payroll Specialist Payroll tax is a tax assessed by the various states and territories on the wages paid or payable by an employer. Payroll tax is payable when the total ‘taxable’ wages exceed a particular threshold amount imposed by each state and territory.…
Personal and Professional Development for Advivo Staff At Advivo, we invest substantial resources in the professional development of our people. Why do we do this? As an innovative and dynamic accountancy and business advisory firm, we recognise that our success is directly attributable to our employees. Without our team, we would not be able to…
How to Make Your Payroll Process Stress-Free and Efficient Payroll is the bane of any business owner’s existence. This is because it is one of an organisation’s greatest expenses and is often easy to mess up, legislation is complex and ever-changing and even more difficult and complex when multiple awards and states are involved. After…
FAQ’s on Employee Leave Entitlements During the Christmas/New Year period many of our clients come to us for advice about employee leave entitlements. That is why, for this week’s blog, we have compiled a list of frequently asked questions about employee leave entitlements to help you get by the holiday period. How many leave days…
Super – Where art thou, Super? As at 30 June 2016, there is over $5.7 million in lost super waiting to be claimed. Given this, the ATO is keen to reunite members with any lost super they may have accumulated over the years. How Does Super Become ‘Lost’? Super becomes ‘lost’ when funds haven’t been…
Things to be Aware of When Doing Payroll With Christmas just around the corner, one thing you do not want to do as a business owner is making a big mess of the payroll. That is why, our payroll specialists, Jay Rajapakse and Fred Chang have provided a general list of things to be aware…
Superannuation – What It Is and How It Works At Advivo, we believe that understanding how super works will put you in a better position to make the best choice when it comes to super and your retirement. That is why we have decided to make it our focus for November. Since superannuation is a…
Understanding The Annual Audit on SMSF’s Why Is My Super Fund Audited? If you run a SMSF, it is a statutory obligation under the Superannuation Industry (Supervision) Act (SISA) and Superannuation Industry (Supervision) Regulation (SISR) that your SMSF is audited annually by an approved independent auditor. A SMSF audit involves a highly comprehensive analysis of your fund’s financial and…
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