– There’s More Than One Road to Success –
That’s a wrap! The first quarter of 2019 is now behind us, and we only have one more to go to hit our goals for the financial year. April is an incredibly important month in many ways: religious celebrations with Easter, Australian heritage with ANZAC day, and of course my birthday. But also, wow, what a month for business productivity.
School holidays always impact productivity adversely, due to absenteeism, but April 2019 will also include three public holidays that are packed so close together they’ve caused abnormally high additional leave requests — some businesses even suffer from forced shut down periods. With that in mind, it’s important to make the most of the days you can to hit your budgets. Wouldn’t it be nice to know that while you or your staff were away that things just kept ticking along, that the dollars kept flowing in? Read the article below and see how Artificial Intelligence, Process Automation and Cloud Integrations can make this happen.
One of my favourite quotes is from Mahatma Gandhi: “Live as if you were to die tomorrow. Learn as if you were to live forever.” At Advivo we are passionate about educating ourselves, our clients, and our associates, which is why we host our quarterly educational seminars. Last month our seminar took on a different format as a Q & A session with a range of business experts. The feedback was encouraging and those who attended all said they took some valuable tips and advice away. Thank you to the fifteen business experts who made themselves available on the night to answer the questions. You can see some photos and video from the night here.
CALL OUT FOR HELP? There are numerous Government Grants & Offsets available to help businesses. They come with a range of activities, from research & development, exports, innovation, and waste disposal, just to name a few. But they come with their own questions — what are the specifics, how do you find out where/when they are, how long are they available? It ultimately makes it overly frustrating. There are local government grants, state government grants, federal grants, and some are only applicable to certain regions, demographics, ethnic groups. At this point, we and our clients need one central oracle to keep track of what grant would be best and stay updated on changing information, but sadly oracles are in short supply. Maybe some technical genius would be willing to create a website or an app to address this? In the meantime, please see the below article for highlights on current main grants. Note that the 2018 R&D Grant applications must be submitted before 30 April.
Blogs & Articles
Cloud Accounting and Integration
Cloud Accounting and the integration of multiple internal systems will help take your business to the next level by placing up-to-date information about your business at your fingertips. Perform such tasks as uploading receipts and other bookkeeping data from anywhere and have it available in real-time through your preferred accounting software. Increase the efficiency with which your company processes accounting data so that you can keep up with the demands of your clients and access critical business analytics within a single dashboard. We have the solution for you!
Are you getting the most out of your financials?
A trusted Financial Model is a vital tool to forecast a business’s financial performance. In this article, we will discuss in detail financial modelling and forecasting to provide a solid base understanding. We want to highlight some of the work we have been doing in this space as it becomes more and more necessary for businesses new and old. As experienced business advisors, we are a vital part of guiding businesses in their journey. Find out more here
Managing Annual Leave over the Holidays
As a medium-size business ourselves, we are often asked about how we manage annual leave and ensure that the business is moving forward and the client’s expectations are met, particularly around peak holiday periods. We have put together a few tips to help you manage leaves, particularly at peak times – HERE.
Government Grants for Business
Starting and running a small business requires passion, fortitude, and time — but it also requires money. Obtaining the funds to start your business and then managing ongoing finance can be a big task for small business owners. Fortunately, grants come in all shapes and sizes, from funding to helping you hit the ground running, to smaller grants designed to support your business development. We have put together a quick guide to help you navigate what is out there, CLICK HERE to find out more.
Advivo ICP Update
5 Key Tips for Doing Business in Asia
There’s nothing more satisfying than coming up with a creative idea that you believe will take the world by storm. And for many Australian businesses, a key stepping stone in launching their first foray into foreign territory is Asia. This makes sense — geographically it’s one of the closest markets to our land down under, and the Indonesian and Chinese populations are massive compared to us, with many Asian cities having a greater population density than our entire population. To find out the 5 Key Tips – CLICK HERE
Advivo in the Community – Monthly Charity Contribution
The votes are in for March’s Charity of the Month!
Winner: Zoe’s Angels
Zoe’s Angels is here to bring awareness to children suffering a chronic debilitating rare illness. Juvenile Idiopathic Arthritis is an incurable, painful and often debilitating disease. There are different subforms of Juvenile Arthritis, ranging in severity.
With ANZAC Day approaching we have decided to make our monthly charity contribution to Legacy.
Legacy is a charity providing services to Australian families suffering after the injury or death of a spouse or parent, during or after their defence force service. They currently care for around 60,000 beneficiaries, with 96% of them being elderly widows throughout Australia.
Key Events / Dates:
- 19 April – Good Friday (Advivo office will be closed)
- 21 April – Lodge and pay quarter 3, 2018–19 PAYG instalment activity statement for head companies of consolidated groups.
- 21 April – Lodge and pay March 2019 monthly business activity statement.
- 21 April – Easter Sunday
- 21 April – Easter Monday (Advivo office will be closed)
- 25 April – ANZAC Day (Advivo office will be closed)
- 28 April – Lodge and pay quarter 3, 2018–19 activity statement if lodging by paper.
- 28 April – Pay quarter 3, 2018–19 instalment notice (form R, S or T). Lodge the notice only if you are varying the instalment amount.
- 28 April – Make super guarantee contributions for quarter 3, 2018–19 to the funds by this date.
Employers who do not pay minimum super contributions for quarter 3 by this date must pay the super guarantee charge and lodge a Superannuation guarantee charge statement – quarterly (NAT 9599) by 28 May 2019
NOTE: The super guarantee charge is not tax deductible.
- 30 April – Lodge TFN report for closely held trusts if any beneficiary quoted their TFN to a trustee in quarter 3, 2018–19.
- 30 April – Lodge lost members report for the period 1 July 2018 to 31 December 2018.