It’s hard to believe it is May already and May means Queensland small business week. In 2018, Queensland Small Business Week will be held from Monday 28 May to Friday 1 June and there are a range of events that can assist you and your business throughout the state.
Last week we attended the Brisbane Small Business Expo. Congratulations to Jim Rodgers from Optimum Home Safety who has won a free half day workshop with the Advivo team.
Of course the other big news for May is the federal budget, great news on retention of the up to $20,000 depreciation allowance and potential savings for superannuation funds on Audit costs, see our full report here.
We also kicked off the month with our well attended seminar “25 Tips For Improving Your Cash Flow” if you could not make it on the night you can still benefit from reading AND IMPLEMENTING some of the tips as detailed in the presentation from the night, click here.
Tips & Tricks to Improve your Cash Flow
Written by Chris Morris
Following our recent Seminar we gave away some of our Cash Flow secrets to some of our clients and associates. When we look at taking our clients to the next level it usually starts with improving their cash flow.
The article here today will reveal our Top 10 of 25 Cash Flow Tips & Tricks, so click here to find out how you can improve your business cash flow with some simple, yet effective strategies.
We understand that each business is unique in its own way, so what works for one may not work for others, be mindful of this when choosing tips to implement and if you are unsure or would like to discuss a personalised cash flow improvement plan please contact us today!
Single Touch Payroll (STP) Software – Are you ready?
Written By Dale Edwards
Are you ready for the upcoming Single Touch Payroll changes? Better yet, is your software?
Click here to read more about who the changes apply to and which software providers are ready for the change. This blog includes what you need to do to be prepared, but if you have any further queries please speak to your Advivo team member today.
Advivo 2018 Budget Review
Last week the 2018-19 budget was released, and some of the budget headlines have glossed over some of the important detail which we know will affect our business clients as well as everyone’s superannuation. Please read our full review here which we have summarised the key take-aways for our clients.
If you have any questions about how these changes may affect your circumstances please don’t hesitate to contact us.
EOFY is approaching have you thought about Tax Planning?
It’s that time of year again for Tax Planning. If you haven’t previously had your tax planning done with Chris, Dale or Leon, please contact us to arrange a meeting. For those who regularly do this, your partner will be in contact over the next few weeks.
Debtor Finance – What is it? And Can it Help Me?
Debtor Finance is, quite simply, a line of credit linked to and secured by your outstanding accounts receivable. If your business supplies products or services to other businesses on standard trade credit terms, Debtor Finance can help.
Read more to find out the benefits and if it may be something that can assist you and your cash flow.
The votes are in for April’s Charity of the Month!
Winner: Canteen Australia
Canteen help young people cope with cancer in their family. Through CanTeen, they learn to explore and deal with their feelings about cancer, connect with other young people in the same boat and if they’ve been diagnosed themselves, we also provide specialist, youth-specific treatment teams.
Don’t worry, those who didn’t receive the winning votes will have their votes carried over next time their name is drawn.
Please click here to vote on this month’s recipient of our contribution.
Monthly team member profile
Wilson Li (Senior Accountant)
Hi I’m Wilson. I grew up in a small city close to Hong Kong where I learnt to speak fluent Mandarin and Cantonese. I came to Australia in 2007 for study and completed my Bachelor Degree at Griffith University in July 2010. As I really like the lifestyle and living pace in Australia, I decided to migrate and live here permanently. It took me a year to complete the migration programme and skill migration training as an accountant. Finally I started working as a bookkeeper for a small Optometrist in Feb 2011. As my industry knowledge developed, I changed roles several times to continue expanding my expertise as an accountant. After three years working as an accountant in a commercial environment, I then moved to public practice in 2014 because I found myself craving to learn more about different types of industries. My typical clients consist of steel manufacturers, real estate agencies, property developers, building and construction companies, legal firms, financial advisors, engineers, electricians, plumbers and other property maintenance businesses.
I also completed my CPA Professional program in December 2016 and am in the progress of completing my qualification to become a Chartered Tax Advisor.
Key Events / Dates:
- 15th May – Lodge 2017 tax returns for all entities that did not have to lodge earlier
- 21st May – Lodge and pay April 2018 monthly activity statement.
- 26th May – Lodge and pay eligible quarter 3, 2017–18 activity statements if you lodge electronically.
- 28th May – 1st June – QLD Small Business Week
- 28th May – Pay Fringe benefits tax annual return.