Keep your competitive edge with Advivo
It’s hard to believe we’re already in April and into the final financial quarter!In case you missed it, the 2022-2023 Federal Budget was announced a couple of weeks ago addressing the current environment of inflationary pressures, rising bond yields, wages pressure and interest rate pressure. If you want more information, you can read our budget review here.April is a big month with an election just around the corner and Easter. Unfortunately for those of us in business, we also have four 4-day weeks in a row which are likely to impact sales, productivity, and profits.In this month’s newsletter, we delve into some things to consider to keep your competitive edge when undergoing a business merger or acquisition. From both the buying and selling perspective, we explore risk management, staffing considerations, branding considerations and how to manage all the other internal changes that are sure to arise. We also delve into some of the most common business inefficiencies and how to eliminate them within your business, as well as what to do once you’ve sealed the deal on your business sale.Have you registered for our upcoming event on April 28th yet? Please join me and Dale Edwards for the second in our series of online Business Booster Events, as we discuss how to ensure a successful and stress-free merger or acquisition, no matter which side you’re on. The process of buying or selling a business usually takes years of planning and preparation, so I strongly encourage you to come along even if you think the decision is far into the future. This will be a live interactive event so it’s a great chance to get every question you have off your chest!Please note that our office will be closed over the long Easter Weekend (Friday 15 – Monday 18 April) and for the upcoming public holidays on ANZAC Day (25 April) and Labour Day (2 May).Please let us know if you have any urgent matters or need assistance with anything in the meantime.
Sincerely,Leon StephanManaging Partner
Events
Is a Merger or Acquisition the Next Step For Your Business?
The Do’s and Don’ts of Buying or Selling
Date: Thursday 28 April 2022Time: 12:30-1:30pmLocation: Online via Zoom
Did you know that in some circumstances it could actually be faster, easier and cheaper to grow your business by acquiring or merging with another than by growing organically? On the flip side, you might be wanting to retire, de-stress or simply spend more time with family and loved ones. But whether you’re ready to sell your business and cash in all your hard work, or want to add value to your business by acquiring another, getting the right advice and guidance is key to a smooth process.Please join us at our next Business Booster Event hosted by Leon Stephan and Dale Edwards, where we will be exploring how to ensure a successful and stress-free merger or acquisition, no matter which side you’re on.This interactive Zoom event is a great chance to get all your questions answered! Submit a stimulating and thought-provoking question, and you’ll go in the draw to win a $100 Visa digital gift card! This is a free event but spaces are limited. For more information and to secure your place:
How to Manage Internal Changes Post-Merger or Acquisition
Culture, values, staffing… A lot can change in the merger or acquisition of a business. But how do you ensure it changes for the better?
Advivo Partner, Dale Edwards, explains here.
Brand Considerations When Bringing Businesses Together
A major consideration in a business merge is how to handle the coming together of the two brands. How do you ensure a smooth transition for your customer base?
Click here to read.
Is Your Business Falling Victim to These 7 Inefficiencies?
If you’re not seeing the results you’re after, there may be inefficiencies present in your business. Advivo Partner, Chris Morris, identifies the most common impacts on your profitability, and what you can do to eliminate them.
Find out here.
So, You've Sold Your Business... Now What?
While the biggest focus of every business sale is on what needs to be done to get the sale across the line, it doesn’t stop there. Advivo’s Managing Partner, Leon Stephan, outlines the steps you need to follow even after you’ve sealed the deal. Read about it here.
Advivo's Charity of the Month!
Don’t forget if you would like us to include a charity of your choice, just drop us a line at info@advivo.com.au
Key Dates:
- March monthly activity statements – final date for lodgment and payment.
- Quarter 3 (January–March) PAYG instalment activity statement for head companies of consolidated groups – final date for lodgment and payment.
28 April Activity statements
- Quarter 3 (January–March) activity statements – final date for lodgment and payment.
PAYG instalments
- Quarter 3 (January–March) instalment notices (forms R and T) – final date for payment and, if varying the instalment amount, lodgment.
GST instalments
- Quarter 3 (January–March) instalment notices (forms S and T) – final date for payment and, if varying the instalment amount, lodgment.
Superannuation
- Due date for super guarantee contributions, for quarter 3, (January–March) – contributions to be made to the fund by this date.
If you do not pay minimum super contributions for quarter 3 by this date, you must pay the super guarantee charge and lodge a Superannuation guarantee charge statement – quarterly with us by 28 May. The super guarantee charge is not tax deductible. 30 April TFN report
- Quarter 3 (January–March) TFN report for closely held trusts for TFNs quoted to a trustee by beneficiaries – final date for lodgment.
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