A quick reminder of our seminar tonight where we are introducing some new and innovative products. If your business relies on intellectual property, or you have made loans to your business, you do not want to miss this seminar. The topics discussed include an exclusive product we have developed with Redchip lawyers to protect your capital invested in your business. Please click the following link for more information and to register, its not too late!
Our values at Advivo are important and most people clearly acknowledge innovation as being at the forefront in what we do. We encourage our clients to constantly innovate to take their business to the next level. As part of our ongoing innovation program I am pleased to announce the imminent launch of Advivo KwikTv. Our “TV” program is in line with the current trend towards video as a preferred medium of conveying relevant information in short sharp messages of only a few minutes. Our first release should be out next week to ensure you get advised as they are posted click the following link to our Facebook page and follow us and you will get immediate notification when we post a new show link.
Recently, the Australian Government has passed new ‘Safe Harbour’ legislation. This is an important change providing useful opportunities for companies when restructuring. The new law means that directors will be able to trade on their company when its solvency is questionable. The safe harbour provisions will commence the day after the Bill receives royal assent. Continue Reading
Blogs & Articles
Understanding Intellectual Property
Written By Linda Cornacchia
The dictionary definition of intellectual property is “intangible property that is the result of creativity, such as patents, copyrights, etc.” It incorporates creations of the mind, inventions, literary and artistic works and symbols, names and images used in commerce. Read more
Cyber Security – Is your small business safe?
Cyber-threats can exist under a number of guises. Denial of service attacks overload systems – for example, by flooding a website with more requests than it can handle. This kind of attack was reportedly behind the failure of the Australian Bureau of Statistics’ site during Census night 2016.
Software viruses, worms, ransomware and Trojan horse attacks can also lock users out of their own systems, take control of networks, hack websites, steal data and even destroy hardware. Click here to read more
Written by Emma Norman
What would happen if a key person in your business was unable to work?
For small to medium a business owners, if the Keyperson in your business suddenly became unable to work it could put the business at risk of collapsing. In this instance, you cannot afford to disregard the need for Keyperson Insurance. Continue Reading
Tax Treatment of Insurance Proceeds for Destroyed Assets
When an asset is unexpectedly destroyed, business owners usually focus on maximising insurance entitlements under their policy – and the tax treatment of the proceeds are an afterthought.
Often, insurance proceeds will result in a damaged item being replaced. Compensation may also be received to cover loss of income. Using a case study of a warehouse destroyed by fire, this article discusses how insurance proceeds will be treated for tax. This should help business owners determine how to best apply the proceeds to their advantage. Read More
Key Events / Dates:
- 21 November – Lodge and pay October 2017 monthly activity statement.
- 25 November – Lodge and pay quarter 1, 2017–18 activity statement if you lodge electronically.
- 28 November – Lodge and pay quarter 1, 2017–18 Superannuation guarantee charge statement – quarterly if the employer did not pay enough contributions on time.
- 22 December – 8 January – Advivo Office Christmas Closure