Take your business to new heights this new financial year!
Welcome to the 2022/2023 financial year!There’s no better time than now to focus on the finances of your business and start the year one step ahead. Check out our Post-30 June Checklist which outlines important dates and tasks to help get you sorted.The start of the new tax year means that the work on end-of-year tax returns has begun. You’ll likely hear from the Advivo team soon with information requirements to process this essential activity and ensure we get your returns done in the most efficient manner. Remember that we require that you pass all your information to us before we can start your work. We appreciate your assistance in gathering everything we need.If you haven’t already heard, our next Business Booster Event, ‘Does Your Business Need a Board?’ will be held on Thursday 18 August. Please join us online for this event if you’d like to learn more about the different types of boards, and how they can help accelerate the growth of your business and/or protect it in times of need. If you’d like a taster of what’s to come in this event, you can find an article on this subject in this month’s newsletter.In this newsletter, we also share our tips for successfully applying for Government Business Grants to help give you a funding boost this financial year. We also outline some ways you can critically analyse your business’ performance and make improvements to make the most of the coming year.As always, we are here to help and work alongside you, so please don’t hesitate to get in touch if you need any assistance.Here’s to taking your business to new heights this new financial year!
Sincerely,Leon StephanManaging Partner
Could Your Business Benefit From a Board?
Advivo Business Advisors and Accountants explain the basics of boards as well as the different options available for your business to benefit from.
Read more here.
5 Tips to Successfully Apply for Government Business Grants
Advivo Partner, Chris Morris, shares his top tips to increase your chances of successfully obtaining funding for your small business through government grants.
Click here to read.
It's a New Financial Year – Let's Make it a Good One!
Advivo’s Managing Partner, Leon Stephan, explores some ways you can improve your business’ performance to make the most of the new financial year.
Find out here.
Is Your Business Ready for the 5.2% Wage Increase?
On 1 July 2022, there were increases to both the National Minimum Wage and the Award Minimum Wages.
For more information and to find out what this means for your business, click here.
Events
Does Your Business Need a Board? And other board-alternatives available for your business
Date: Thursday 18 August, 2022
Time: 12:30-1:30pm
Location: Online via Zoom
If you own a small business, getting independent advice and support from a board or advisors could be the best thing for you. Through objectivity and a broader range of skills and perspectives, boards will support the growth and/or risk management of your business, so you can feel confident that it’s in the best position for success.But boards can take on many forms, supporting all kinds of businesses in different ways and at different times of maturity and development – so how can you know which one is right for you?Please join us for our next Business Booster Event with Leon Stephan and Chris Morris, where we will explore a range of board options and answer your questions on what may be the appropriate type for your business at specific points in time. In particular, we will be breaking down:
- Formal boards
- Advisory boards
- Business networking structures
- Business coaching
- Independent advisory services
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:
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
Staff Spotlight: Jessica Govan
Where is your favourite place in the world?My favourite place in the world is Hierve el Agua Waterfalls in Mexico.What is your go-to midnight snack?My go to midnight snack is Oreos.If you could have a superpower what would it be?My one superpower would be the ability to heal people and take away their pain.Who inspires you?My great grandma inspires me to always believe in myself and that nothing is out of reach even if you fail a few times.Any interests?Camping, 4WD adventures, being outdoors in the sun and spending time with friends
Key Dates:
- Lodge and pay June 2022 monthly business activity statement.
- Lodge and pay quarter 4, 2021–22 PAYG instalment activity statement for head companies of consolidated groups.
28 July
- Lodge and pay quarter 4, 2021–22 activity statement if electing to receive and lodge by paper and not an active STP reporter.
- Pay quarter 4, 2021–22 instalment notice (form R, S or T). Lodge the notice only if you vary the instalment amount.
- Make super guarantee contributions for quarter 4, 2021–22 to funds by this date.Employers who do not pay minimum super contributions for quarter 4 by this date must pay the super guarantee charge and lodge a Superannuation guarantee charge statement by 28 August 2022.Note: The super guarantee charge is not tax deductible.
31 July
- Lodge TFN report for closely held trusts if any beneficiary quoted their TFN to a trustee in quarter 4, 2021–22.
- Lodge Venture capital deficit tax return for June balancers.
- Lodge Franking account return for 30 June balancers if there is an amount payable.
- Lodge Early stage innovation company report.
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