Tips on Small Business Tax Small Business Tax can seem like a foreign language, especially when there are so many grey areas. That is why Chris Morris, our Business Development and structuring Specialist, has provided a general list of small business tax do’s and don’ts. DO – Begin with the end in mind. To determine…
What is Fringe Benefit Tax (FBT)? A fringe benefit is a benefit provided in respect of employment. This effectively means a benefit provided to an employee (or their associate) because they are an employee. An example of a fringe benefit being provided to an employee may be one of the following: Allowing your employees to…
Advivo shares the important things to know about getting the best end of staff gifts and celebrations this Christmas season. Christmastime always comes with plenty of expenses that need to be dealt with, and as such, you should be looking at every way that you can keep your costs managed and your tax deductions…
Understanding Employee Notices and Leave Entitlements During Christmas Closure. As your trusted business advisors and accountants, we are often asked questions about leave entitlements, the effect on payroll, and notice requirements for forced leave as a result of office shut down over the Christmas period. We thought it timely to provide some clarity around these…
Advivo outlines strategies to encourage growth in your small business. For many small business owners who may be just keeping their heads above water, maintaining profits and cashflows is simply a major task, let alone finding the time to consider further growth. Often the constraint to making life easier is to grow the business, exponentially. But how…
Advivo outlines how to assess your first quarter and kickstart a successful second quarter. First Published: February, 2017 Updated: September, 2023 For business owners, October is a very important milestone. It marks the end of the first quarter and the beginning of quarter two. The first quarter sets the pace for the year…
Advivo explains the difference between a company name and a business or trading name. As an accounting firm in Brisbane, we often get asked to clarify the difference between a company and a business or trading name, particularly when setting up businesses for our clients. Below, we outline the key differences that distinguish the two.…
Advivo Accountants and Advisors explain the requirements of an FBT exempt vehicle… does yours measure up? Published: February, 2020 Updated: March, 2025 My ‘ute’ is FBT exempt right? Wrong. Well… not necessarily anyway. As business advisors in Brisbane, we often come across small business owners who have been told they should buy a…
Advivo explains the ins and outs of paying superannuation to your employees. First Published: April, 2018 Updated: July, 2023 As a small business owner, you likely have many different roles to fill, and won’t always know the answer to every question involving your finances. Superannuation is one of those anomalies that you need…
Thank you for a great year! It’s hard to believe that 2021 is almost done and dusted!On behalf of the Partners and the team at Advivo, we would like to take this opportunity to thank you for your business and support throughout the year. We hope you are able to rest and ‘re-charge the batteries’…
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