Happy New Year to all of our clients and associates, we hope you had an enjoyable festive season with friends and family. The Advivo team are now back open for business and are excited to help you reach your goals for 2017.
We are excited to announce that we are in the process of refreshing our current website and will be adding some new features which will better serve our clients. We will be implementing a client portal where you will be able to access your documents as requested, upload large files and documents via a web link, as well as paying your account via the new website and the addition of more information for easy access.
We look forward to a successful 2017 and remind you to seek our advice if you have any New Year resolutions that may affect your business.
A reminder that Employsure are available for free workplace relations advice, contact our office to obtain the Advivo reference number and contact details.
In their January Update, Employsure have included a must read checklist for new starters to ensure you have checked all the required boxes for when new starters join your business. Click here
News Flash: Airbnb/Uber Responsibilities
As the involvement in various share services, such as Airbnb and Uber, continues to increase, the ATO is cracking down on this $500 million sharing economy. It’s important to understand you must declare all earnings as income, keep track of your expenses and know what you can and cannot claim.
We encourage any of our clients who are unsure about your tax obligations to contact our office to seek advice.
- 21 January – Lodge and pay December 2016 Monthly Activity Statements
- 26 January – Australia Day Public Holiday – Office Closed
- 28 January – Employers must make super guarantee contributions for quarter 2
Advivo Core Values – At Advivo it is firstly and fundamentally important to us to help people by empowering and educating them – whether our clients, staff or industry partners.
We deliver this core value externally by adding value in being innovative and proactive in our thinking and approach to educate and maximise our clients’ opportunities, create business growth and to develop a long-term successful relationship. Read more
Tips and Update
Employee Ideas & Improvement – Avoid Blame: Use Discussions with Employees
When employees screw up, who’s to blame? And what can you do to help your employees achieve more in their jobs? Consider using “Growth Discussions.”
Tax Debt Payment Plan
The Advivo team have extensive experience in obtaining ATO Payment Plans for our clients (dependent on circumstances). We recommend contacting our office to assist in negotiation with the ATO.
Check Your Superannuation Salary Sacrifice Arrangements
Salary sacrifice arrangements can be a tax-effective option for individuals to boost their retirement savings with additional employer superannuation contributions above the compulsory employer contributions. It is a good idea, too, for individuals to regularly assess whether their existing salary sacrifice arrangements are still suitable for their needs.
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.