Advivo Newsletter – April 2016

By February 9, 2017Newsletters

Introducing Advivo’s new Tag Line

We are excited to announce a new Tag Line for Advivo, which represents our focused value add approach to Financial Management for our clients.  Advivo Accountants “Your Business Personal Trainers”, we will push our clients to achieve better results, track & monitor progress and keep them on track.

Like a personal trainer we will “be on your case” monitoring, cajoling and guiding you to achieve your agreed goals. We have developed a range of processes and tools which when coupled with our regular meetings (PT sessions) will get you on track and keep you there. We recently launched our powerful and visually engaging  new tool, “Advivo Business Pulse Report”,  which is the key driver in this process, a sample of this report can be found on our website under ‘Tools’ and here.

If you would like to learn more about this report, our full suite of financial management tools and processes or any of our services at Advivo, please contact us now.  Full Article

Tax Planning

Forward planning is essential to manage and where legally possible minimise your taxation payable. To assist you in this regard, with the end of this financial year rapidly approaching, we will be contacting Business Clients soon to start the Tax Planning process and schedule planning meetings.  This process which includes forecasting, assists our business clients to manage cash flow and the impact of their Tax Liability.

For non-business clients, please refer to our article below on personal tax and contact us for appropriate strategies for your personal situation.  Full Article

Lower Taxes, Deduct Job-Related Costs

Depending on the industry you work in, you may find many opportunities to lower your taxes by deducting work-connected expenses that your employer doesn’t reimburse. Here is a general look at what you can claim as well as guides on how to deduct charitable donations and how to determine if you are a resident for tax purposes.  Full Article

Small Business Tax Rate Cut

Small businesses were a major beneficiary of tax concessions introduced in 2015. In key changes to the tax law, the company tax rate was cut for incorporated small business entities and a tax discount introduced for unincorporated small business entities.  Full Article

SMSFs and Collectables: Compliance Deadline Looms

Self-managed super funds (SMSFs) that have investments in collectables and personal-use assets have been reminded by the ATO that time is running out to comply with new rules for assets that were acquired before 1 July 2011. SMSF trustees also need to be aware of the ATO’s data-matching activities targeting insured “lifestyle” assets.  Full Article

Disclaimer of Liability

Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided “as is,” with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.

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