Cloud-Based Accounting and Its Benefits In late August, an accounting software provider in Australia, MYOB, announced that as of September 2019, the AccountRight Classic desktop software will no longer be updated, and support services will cease. One of their original products, AccountRight Classic has been on the market since the 1980s. This is their first…
Wise Up Energy Solutions Wins Business Growth Workshop Congratulations to Sharon Musker from Wise Up Energy Solutions on winning Advivo’s Business Growth Workshop at the Businesses Driving a Difference Event. Wise Up Energy Solutions are an independent energy advisor based in Brisbane. Who work with businesses and not for profit organisations across Australia to help them…
New Legislations and Guidelines For Financial Year 2019 The new financial year is now in full swing! So too are some of the new legislations and guidelines that may affect the way you report to the ATO for the 2019 financial year. First off, I encourage you to read our FBT blog (FBT Exempt Vehicles…
Clearance Requirements Before Selling Your House In the market to sell your house? Before you call in the real estate agents and home stylists, you probably know that you’ll need to have a contract of sale handy. Did you know that you may also need to get a capital gains withholding clearance certificate from the ATO?…
By Trevor Holmes – MD Advivo Innovation Commercialisation Partners Why do 90% of Commercialisation Projects Fail? What We Can Learn? Over the last decade we have seen an explosion of innovation; from start-ups to mid-tier businesses and large corporations, many businesses are feeling the realities of disruption and are seeking to innovate products, technologies and…
So I paid super a few days late…crucify me. Many small business owners often end up with superannuation paid late. This is especially the case when they’re trying to pay super quarterly as opposed to monthly. The black letter of the law actually denies businesses an income tax deduction for superannuation which is paid late. …
Happy new (financial) year and welcome to the 2019 Financial year! I don’t know about you, but I always find myself at the start of any new year looking back on last year and asking a few questions; How did I (we) go? What went well and what not so well? What could I have…
Business Forecasts – Why do I need them? Here at Advivo Accountants and Advisors, we’re always preaching about the importance of having a functional business forecast or budget. “Why do I need a business forecast” I hear you ask? The short answer is “because you can’t afford not to”. Everyone has heard the phrase “you…
Advantage of Timing The Sale of CGT Assets At a time of the year when we are all focusing on getting our affairs in order and ready for tax time, for those of us who are that organised, we don’t always consider the timing of capital gains tax (CGT) events. If you have recently purchased…
ATO Finds Common Areas That Cause Concern For SMSF Trustees Are you the trustee of one of the approximately 577,000 SMSFs in Australia at the moment? As the SMSF sector continues to grow and the number of funds continues to increase, the workload of the ATO as the regulator increases. Instead of the rigid enforcement…
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