Could this be the next step for your business?
A message from our Managing Partner…
I’d like to start off by thanking everyone who joined us earlier this month for our first Business Booster Event, ‘Making Your Bank Work For You’. This was a very well-attended event and we had an insightful Q&A discussion with our wonderful attendees. Special thanks to Owen McGuigan and St.George Bank for their involvement. If you missed it and want to know how you can leverage the relationship with your bank to access financial support for your business, you can watch the event recording here.Our next Business Booster Event, ‘Is a Merger or Acquisition the Next Step For Your Business?’, will be held on the 28th of April and will explore how to ensure a successful and stress-free merger or acquisition, no matter whether you’re on the buying or the selling side. I encourage you to come to this, even if you think those decisions will be far in the future – it’s never too early to prepare! You can find more information on this below.Keeping in line with our next event, our March newsletter is all about buying and selling businesses. In articles written by each of Advivo’s partners, we share our tips for buying a business and the many benefits in doing so, and also discuss how to prepare for selling your business and what the possible tax implications of the sale might be.I hope your March is going well and that you’re getting ready to enter the final quarter of the financial year!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:
Top 5 Tips for Buying a Business
Advivo Partner, Chris Morris, shares what key factors you should consider before buying a business.
Read about them here.
Time to Sound the Sell Bell?
Advivo’s Managing Partner, Leon Stephan, outlines what you need to do to prepare your business for sale.
Click here to read more.
The Tax Implications of Selling Your Business
Advivo Partner, Dale Edwards, explains the areas where tax can occur during the sale of your business.
Find out here.
IMPORTANT ANNOUNCEMENT - Trust Distributions
You may be aware that the ATO have recently been in the media after releasing some new tax rulings about trust distributions, suggesting that trusts are under attack (which they are). However, this is only the case if the distributions have been handled in a particular way. At Advivo, we have been aware of this for a long time and, for this and other prudent asset protection reasons, we have ensured that our clients with discretionary trusts have made distributions in a way that is suitable and is not a cause for concern from this ATO attack.If you are concerned or have any questions about how your trust distributions are being made please get in touch with your usual contacts at Advivo who will be happy to discuss this with you.
Advivo's Charity of the Month!
Key Dates:
21 March
- Lodge and pay February 2022 monthly business activity statement.
31 March
- Lodge tax return for companies and super funds with a total income of more than $2 million in the latest year lodged (excluding large/medium taxpayers), unless the return was due earlier.Payment for companies and super funds in this category is also due by this date.
- Lodge tax return for the head company of a consolidated group (excluding large/medium), with a member who had a total income in excess of $2 million in their latest year lodged unless the return was due earlier.Payment for companies in this category is also due by this date.
- Lodge tax returns for individuals and trusts whose latest return resulted in a tax liability of $20,000 or more, excluding large/medium trusts.Payment for individuals and trusts in this category is due as advised on their notice of assessment.
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