Advivo News April 2018

By April 27, 2018Newsletters
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Hello again!

We hope everyone has had a wonderful Easter break! Here at Advivo we’ve been working extremely hard since last month’s official launch of Advivo ICP Pty Ltd. ICP stands for Innovation and Commercialisation Partners and this is how Advivo is supplying an end-to-end solution for risk-averse commercialisation of innovation and rapid growth opportunities for our clients.

Trevor Holmes, the managing director of Advivo ICP, has recently returned from a whirlwind trip to the UK and Hong Kong where he has been perfecting business commercialisation plans with an international client, as well assessing supply chain options with our international partners.

Our first Seminar for this calendar year will be at 5:30pm on Wednesday 2 May at The New Inchcolm Hotel & Suites. On the night we will be sharing 25 of our proven tips & tricks for business owners to help manage their cash flow. Our special guest speaker, Bob Ada from Scottish Pacific Limited, will provide his insight on innovative facilities which can be used to improve cash flow, grow and de-risk your business. Be sure to register to secure your spot as this one is filling up fast!

The Brisbane Small Business Expo is taking place on Friday 11 May at the Hibiscus Sports Complex, Mount Gravatt. This expo is designed to encourage conversations, learn about other local businesses and supporting the community. We’ll be there doing our bit to help small business, so come along and say hello. There will be Information and Technology Hubs providing the latest information from Government Agencies, live music, and three of Australia’s leading business speakers including Phillip Di Bella from Di Bella Coffee. If none of that has enticed you, you could also WIN a half day strategy workshop with one our expert advisers, or even a holiday! Register here for your free entry.

In addition to the above, Advivo is also sponsoring an event on 14 June where our extra special guest, Mr Ian Healy, will be speaking about an innovative approach to Corporate Social Responsibility and Charity. Watch this space as there will be more information to follow.

This month’s newsletter has some very helpful articles relating to employer and employee obligations with the latest round of legislative requirements from the ATO. It includes valuable information regarding Single Touch Payroll, Superannuation responsibilities and Annual leave entitlements for employees. We hope these will help you decipher what you need to do in your businesses today. Obviously if you have any questions, just ask. We are more than just bean counters!

Leon Stephan

Managing Partner

“Single Touch Payroll” – What is it? And how will it affect me?

Written by: Nicholas Love

Single touch payroll (STP) is a reporting change that will soon become compulsory for all with 20 or more employees (regardless of whether they are full time, part-time, or casual). It’s part of an ATO initiative for digital “real-time” reporting in payroll. Read more to find out how this may affect you.

Contact us today if you would like to discuss

Five Rules of Annual Leave
Written by: Employsure
When looking at annual leave, there is a lot for employers to understand and comply with. Continue reading to find out more about some of the areas employers often overlook in managing annual leave entitlements for their employees.

 

Is Superannuation Payable on Overtime?
How do you know if Superannuation is payable on overtime? As small business owners, we have many different roles to fill and we don’t always know the answer. Superannuation is one of those anomalies that we need to call in the experts to help with. Read more to find out if you are required to pay your employees superannuation on overtime.

 

The votes are in for March’s Charity of the Month!
Winner: Aspirations 4Kids

Aspirations 4KIDS in Sport truly value the importance of investing in our Queensland school students and leveraging the huge role sport can play in improving the lives of thousands of Australians annually. You too can assist us Find their next great story!

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
Tabbie Hafiz (Support Officer)

Tabbie is a part of the support team. She is responsible for ensuring that the office runs smoothly and provides essential support to the accountants and partners. She has experienced a wide range of cultures from all over the world. She has completed her Bachelor degree and is an associate member of the CPA.

Tabbie can speak and write Bangla fluently.

 Key Events & Dates:

  • 21 April – Lodge and pay quarter 3, 2017–18 PAYG instalment activity statement for head companies of consolidated groups.
  • 21 April – Lodge and pay March 2018 monthly activity statement.
  • 25 April – ANZAC Day – Advivo office closed
  • 28 April – Lodge and pay quarter 3, 2017–18 activity statement if lodging by paper.
  • 28 April – Pay quarter 3, 2017–18 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, 2017–18 to the funds by this date.
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