– There’s more than one road to success –
Reflecting on the content of our October newsletter, it is easy to overlook some of the innovative ways businesses are incorporating Automation and Business Intelligence in their businesses to increase profits. We all watched our local supermarkets introduce the self-serve checkouts to reduce the cost of labour and increase profits and it just highlights that we live in an ever increasingly fast-paced world that is always transforming. In fact, we are in the fourth industrial revolution, the first of which was in the 18th century. This revolution or as some would call it – ” Disruption” is being fuelled by digitalisation, artificial intelligence, automation and an ever-increasing thirst to innovate and do things better with greater use of technology. As a business leader, it is important for you to keep abreast of these changes in both technology and your marketplace. To assist you in this regard I encourage you to come along to our seminar on the 25th of October on Business Intelligence and Artificial Intelligence, are you Maximising your Efficiency Through Automation. Listen to learned presenters on how you can improve your efficiency, cost control, productivity and competitiveness to keep you ahead of your competitors.
We are also very excited to launch our own Bookkeeping and Payroll service this month (see attached article). Continuing on from the message above, the use of technology has now made for a more efficient and viable service for this essential service, however we know that high-level supervision by our senior accountants is the key to success and more importantly this is another way to ensure you as business owners are deploying your time in the most effective and high yielding way possible as opposed to worrying about everyday operational issues.
Leon Stephan
Managing Partner
Save the date! Our next Seminar on Thursday 25th October at 5:30 pm
Business Intelligence – Are you maximising automation in your business?
More and more industries are looking at innovative ways to automate procedures and systems in their businesses to help increase their profits. At Advivo are always looking at ways to automate everyday jobs in our business, we would like to introduce our guest speakers Rob King, Des Watkins and Linda Ginger who all have something to share with you at this seminar. – Register Here
Blogs & Articles
It’s finally here! Discover our new and improved Bookkeeping and Payroll Service.
We have heard your feedback and been working very hard to produce a cost-effective solution to your bookkeeping and payroll blues! If your interested in saving time and money in your business, find out more – HERE
Increase your profits and be a part of the movement changing the way we access energy.
We had the pleasure of doing a Business Growth Workshop with Wise Up Energy Solutions who have saved their clients over $2.5 million in Electricity Bills in the last 24 months! Read about how they could help you today HERE
Do you have an employee that keeps calling in sick?
It’s almost a given some employees will take a “sickie” in their working life. As an employer what can you do if you suspect someone is misusing their entitlements?
Collectively, Australians take 90 million sick days every year, costing the economy $34.1 billion. While no-one can be expected to be in tip-top health all the time, unchecked sick leave misuse can become a serious business issue. Find out more
Do you know the difference between a Company Name Vs Business Name?
It’s not an easy distinction and can often be misunderstood and leave you vulnerable or sneak up on you in the flurry of things you already have on your plate when starting a business or looking to expand your brand.
We know this is often a topic for discussion working closely with many businesses and wanted to clear the air and help you understand in the article link HERE
Advivo ICP Update
Harnessing the Power of Science and Technology
Are you ready to embrace the changes that are happening all around?
More and more Science, Technology and Data Science are being used in all sorts of businesses, it doesn’t just mean the robots will be taking our jobs. Who would have thought that a couple of decades ago there would have been a job dedicated to “social media”? To find out how far we have come and to see where we are going, check out the latest article from our Innovation Commercialisation Partners – HERE
Advivo in the Community – Monthly Charity Contribution
Advivo Charity of the Month!
This month, Advivo has pledged their support to Mental Health Australia (MHA) in honour of World Mental Health Day on 10th October 2018.
Mental Health Australia (MHA) is the peak, national non-government organisation representing and promoting the interests of the Australian mental health sector, committed to achieving better mental health for all Australians.
Our friend, colleague and Chairman of the Board for The Mental Health Association QLD, Harold Peacock is be doing his bit by participating in Kosciuszko Hike for Health to support the MHA. He will climb the top ten peaks in Australia to raise funds and build awareness so the MHA can continue saving lives and highlight the awesome world we live in!
We will be sending our donation to support him and you can too by clicking HERE
Key Events / Dates:
- 21st October 2018
- Pay annual PAYG instalment notice (Form N). Lodge only if you vary the instalment amount or use the rate method to calculate the instalment.
- Lodge and pay quarter 1, 2018–19 PAYG instalment activity statement for head companies of consolidated groups.
- Lodge and pay September 2018 monthly business activity statement.
- 28th October 2018
- Lodge and pay quarter 1, 2018–19 activity statement if lodging by paper. Pay quarter 1, 2018–19 instalment notice (form R, S, or T). Lodge the notice only if you vary the instalment amount.
- Make super guarantee contributions for quarter 1, 2018–19 to funds by this date.
- Employers who do not pay minimum super contributions for quarter 1 by this date must pay the super guarantee charge and lodge a Superannuation guarantee charge statement – quarterly (NAT 9599) by 28 November 2018.
- NOTE: The super guarantee charge is not tax deductible
- Lodge and pay annual activity statement for TFN withholding for closely held trusts where a trustee withheld amounts from payments to beneficiaries during the 2017–18 income year.
- 31st October 2018
- Final date to add new clients to your client list to ensure their 2018 tax return is covered by the lodgment program.
- NOTE: The lodgment program is a concession to registered agents. We can ask for documents to be lodged earlier than the concessional due dates.
- Lodge tax returns for all entities if one or more prior year returns were outstanding as at 30 June 2018.
- NOTE: This means all prior year returns must be lodged, not just the immediate prior year.
- If all outstanding prior year returns have been lodged by 31 October 2018, the lodgment program due dates will apply to the 2018 tax return.
- NOTE: SMSFs in this category must lodge their complete Self-Managed Superannuation Fund annual return by this date.
- Lodge and pay the Self-Managed Superannuation Fund annual return (NAT 71226) for (taxable and non-taxable) new registrant SMSF if we have advised the SMSF that the first year return has a 31 October 2018 due date.
- Lodge tax return for all entities prosecuted for non-lodgment of prior year returns and advised of a lodgment due date of 31 October 2018:
- Some prosecuted clients may have a different lodgment due date – refer to the letter you received for the applicable due date.
- Payment (if required) for individuals and trusts in this category is due as advised in their notice of assessment.
- Payment (if required) for companies and super funds in this category is due on 1 December 2018
- SMSFs in this category must lodge their complete Self-managed superannuation fund annual return (NAT 71226) by this date.
- Lodge Annual investment income report (AIIR).
- Lodge Departing Australia superannuation payments (DASP) annual report.
- Lodge Franking account tax return when both the:
- return is a disclosure only (no amount payable)
- taxpayer is a 30 June balancer.
- Lodge PAYG withholding annual report no ABN withholding (NAT 3448).
- Lodge PAYG withholding from interest, dividend and royalty payments paid to non-residents – annual report (NAT 7187). This report advises amounts withheld from payments to foreign residents for:
- interest and unfranked dividend payments that are not reported on an Annual investment income report (AIIR)
- royalty payments.
- Lodge PAYG withholding annual report – payments to foreign residents (NAT 12413). This report advises amounts withheld from payments to foreign residents for:
- entertainment and sports activities
- construction and related activities
- arranging casino gaming junket activities.
- Lodge lost members report for the period 1 January – 30 June 2018.
- Lodge TFN report for closely held trusts for TFNs quoted to a trustee by beneficiaries in quarter 1, 2018–19.
- Final date to add new clients to your client list to ensure their 2018 tax return is covered by the lodgment program.
