Pave the way to a successful 2022 with Advivo!
A message from our Managing Partner…
Happy new year from the team at Advivo: may it be healthy, happy and prosperous!The new year is a time for reflection and looking ahead. For business owners, it’s also time to turn your attention to planning to ensure you pave the way for a successful year.Planning can be a daunting task at any time as the future is often full of uncertainty, just as it has been over the past two years. Yet, ensuring you have a functional budget with a profit & loss, cash flow and budget forecast in place is a good start. These tools can give you the confidence to proactively make decisions about how your business is best positioned to achieve the growth you are looking for. Reviewing your past performance and being financially fit is a key component of this, putting you in the best place to take advantage of any opportunities that come your way. Please take the time to read the article on our Key Steps to Becoming Financially Fit, which will help you in this regard.Staying on top of your important correspondence is another key aspect to risk mitigation and running an efficient and organised business. In case you missed it, Advivo has started redirecting all ATO mail to go directly to you rather than through us. This is due to changes by the ATO and inconsistencies with where they send their mail, which increase the likelihood of important mail being missed. We want to ensure that you don’t miss any correspondence from the ATO, so we have decided to deal with the impact of this proactively. The final blog in our newsletter outlines these changes and provides a guide on how to access you ATO record electronically, so be sure to give it a read.The new year is a great time to talk to your business advisor and develop a plan for the year ahead. This can be one of the best investments you can make for your business, as it will give you the roadmap to take your business to the next level or allow you to consider alternatives you may not have thought of. Your business is unique and your planning will likely require insights that only a qualified advisor can provide. Take the time to work with them and brainstorm the best course of action to achieve your goals. Our experienced team at Advivo are always here to assist, and we look forward to working with you in 2022 and taking your business to the next level!
Sincerely,Leon StephanManaging Partner
Events
Advivo’s Business Booster Events
This year, Advivo will be hosting a series of online events on various topics designed to boost your business and take it to the next level! We’ll be sending invitations closer to the event dates, so keep an eye out for them as they come out.
Get Your Business Planning Back on Track in 2022!
Find out here.
4 Key Steps to Becoming Financially Fit in 2022
Read more here.
Our Guide to Xero's Short-term Cash Flow Feature
Click here to read.
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 Events / Dates:
- Lodge tax return for taxable large/medium entities as per the latest year lodged (all entities other than individuals), unless required earlier.
- Payment for large/medium entities with a 15 January due date is:
- 1 December 2021 – for companies and super funds
- For trusts – as stated on their notice of assessment.
Note: You cannot request an agent assessed deferral from this date or assume a later date for lodgment on the basis that the taxpayer will be non-taxable in the current year.
- Lodge tax return for the taxable head company of a consolidated group (including a new registrant) that has a member who has been deemed a large/medium entity in the latest year lodged, unless the return was required earlier. Payment was due 1 December 2021.
21 January
- Lodge and pay quarter 2, 2021-22 PAYG instalment activity statement for head companies of consolidated groups.
- Lodge and pay December 2021 monthly business activity statement except for business clients with up to $10 million turnovers who report GST monthly and lodge electronically.
28 January
- Make quarter 2, 2021–22 super guarantee contributions to funds by this date.Employers who do not pay minimum super contributions for quarter 2 by this date must pay the super guarantee charge and lodge a Superannuation guarantee charge statement – quarterly (NAT 9599) by 28 February 2022.
Note: The super guarantee charge is not tax deductible.
31 January
- Lodge TFN report for closely held trusts if any beneficiary quoted their TFN to a trustee in quarter 2, 2021–22.
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