Welcome to our final newsletter of 2017. On behalf of the Advivo team I extend warmest of wishes to you for the festive season and hope that 2018 is joyous and prosperous.
Risk mitigation has been the focus for the last two months. Please have a read of the attached article and make sure you are doing things correctly when recording and dealing with annual leave, non-compliance can have significant consequences. Speaking of consequences we have noticed a substantial increase in ATO audit activities, 2 clients in a month, one thankfully had audit insurance which can save him up to $10,000 in costs the other did not.
On an even more sombre note risks to our health and well-being are heightened over the Christmas period with increased activity and travel, recognising this we want to make sure you are up to date with your estate planning, we have engaged a specialist to assist us in this regard if you get a letter and a follow up call from Matt we are just trying to make sure you are covered.
To a more positive topic, for a number of years our Business Pulse Report™ has been highly regarded and valued by many but perhaps perceived as inaccessible for some. We have launched a “light” version at reduced costs which will make it more accessible so look out for the free trial on its way.
Monthly team member profile
Emma Norman (Administration Assistant)
Emma has been a member of the Advivo support team for almost two years, she brings with her a wealth of knowledge in customer care, office administration, and support. She delivers exceptional client service and understands the needs of the clients during each step of the process.
She is responsible for ensuring that the office runs smoothly and efficiently and does so with a positive attitude. As a result of her experience, beginning in the New Year she will take on the new role of Administration Supervisor and impart her wisdom to our newest support team member starting in 2018.
Emma is always willing to lend a helping hand with a positive and enthusiastic attitude. She spends some of her spare time enjoying movies, spending time with friends and her cat, Yoda.
Business Pulse Report™ Written by Dale Edwards
We are pleased to now be able to offer Advivo’s Business Pulse Report™ to all our clients. Click here for more details.
To get an idea of what the Business Pulse Report™ please click here for a short detailed video.
If you’d like to start getting a monthly Business Pulse Report™ so you can begin taking your business to the next level, please contact your usual accountant at Advivo on (07) 3226 1800.
Understanding Estate Planning
Written by Linda Cornacchia
Estate planning means something different to many people, and can often be put to the bottom of the to-do list. Generally anything that is related to death is something we do not want to talk about nor do we want to broach the sometimes difficult subject of how we are going to split up our Estate. Unfortunately, not talking about it or, even worse, doing nothing about it just makes it harder when the time comes. Read more
Advivo goes above and beyond to take you to the next level
Managing Partner Leon Stephan was taking a much needed holiday, he and a friend were heading off to play golf and attend a function in Shanghai.
Advivo has a number of clients in Shanghai with whom we normally do our regular quarterly meetings by Skype. As Leon was going to be in Shanghai on holiday, he contacted our clients and said, “While I am in China, let’s catch up and do the quarterly meeting face to face, no extra cost, of course”. As you would expect they agreed, and though Leon lost a little bit of his holiday, he was happy to add extra value to our clients. Continue
Written by Linda Cornacchia
Have you heard about kwikTV? kwikTV is TV built for mobile and turns video content into TV shows that can be shared on any social media platform. In other words it allows us to communicate relevant and important information with you in a video format, which is less time consuming and far more enjoyable than reading a normal blog. More and more people are using their mobile devices to engage with family, friends and businesses alike. Click here to read more
Five Rules of Annual Leave – Employsure
When looking at annual leave, there is a lot for employers to understand and comply with. The info graphic outlines some of the areas employers often overlook in managing annual leave entitlements for their employees. Click here for more
ATO Audits on the rise, how Audit Shield can help you!
Written by Emma Norman
Audit activity from the Australian Taxation Office (ATO) is currently on the rise and you could be the next target. In as little as one month we have had two clients targeted by the ATO.
The Audit Shield service provides for payment of professional fees incurred as a result of you being selected for an audit by the Australian Taxation Office (ATO) and other relevant government agencies. Thankfully one of our clients had audit insurance which can save him up to $10,000 in costs the other did not.
Please click here to find out more and if you have any queries, we encourage you to contact our office.
Key Events & Dates
- 21 December – Lodge and pay November 2017 monthly activity statement.
- Advivo office closed from 12pm 22nd December 2017 reopening 8th December 2017
- 15 January – Lodge tax return for taxable large/medium entities as per the latest year lodged
- 21 January – Lodge and pay quarter 2, 2017–18 PAYG instalment activity statement for head companies of consolidated groups.
28 January – Make quarter 2, 2017–18 super guarantee contributions to funds by this date.