Welcome to Advivo’s Newsletter for November 2015.
With Christmas fast approaching, we have included relevant articles to the Christmas period that you may find useful.
An Employer’s Guide to The Silly Season
Written by: Employsure
As the end of the year approaches, the silly season is well and truly in full swing and this means a few things – holidays, sun, festive cheer and of course, parties.
Work parties are a terrific way to interact with your colleagues, and to celebrate and reward your employees for their hard work throughout the year. When organising your work function, it is important to keep a few things in mind. Of late, there have been some interesting cases in the media surrounding incidents at work related events. In order to fully understand your obligations and avoid a difficult scenario, below are some steps to consider to help protect you and your employees.
Timely Opportunities
Superannuation Death Benefits – Not an Asset of the Estate
Death benefits and complaints about the distribution of monies from superannuation following a death of a fund member are among the most common complaints received by the Superannuation Complaints Tribunal (SCT). In order to ensure you don’t leave a financial mess for loved ones, make a valid, binding death benefit nomination.
Business Finance
Stop, Look, Analyse Before You Expand
Expansions can fail. Adding equipment, plant or staff to increase revenue doesn’t always translate into healthier profits. To help ensure the success of a new business venture, take time to calculate and understand costs, margins and breakeven. Read on for help on how to analyse the prospects of an expansion..
Business Tax
Be Careful: Tax-Free Lunches Are Rare
Business entertainment expenses generally are not deductible and in fact may be subject to the fringe benefits tax. Here’s a view of this convoluted tax topic and what you need to know to keep the Tax Office satisfied.
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.
