It’s tax time again! As you gather your receipts and other assorted tax documents, you should also turn your mind to what the ATO is paying close attention to this year. This year, the ATO is focusing on taxpayers who claim “other” work-related expense deductions at label D5 on individual tax returns. According to the…
[heading] Legislative Changes That Might Affect Your Business [/heading] Minimum Wage From 1 July 2018, the national minimum wage will increase in Australia by 3.5% The new national minimum wage is $719.20 per week, for a 38-hour week, or $18.93 per hour. The increase applies from the first full pay period starting on or after…
Well, it is that time of year again! As usual, 30 June is always a very busy time for us in business. A time full of all of the extra things we have to do for those damn accountants. As well as the things we need to do before 30 June to save tax and…
Ipso Facto Legislation Passed Following ‘Safe Harbour’ As part of the federal government’s reforms on insolvency and assisting businesses to trade through difficult times without going into some form of administration, there have been two major legislation changes announced in last year’s budget. The first of these was the Safe Harbour Legislation for company directors,…
What is Superannuation Guarantee Amnesty? In May this year, the government announced the start of a Superannuation Guarantee Amnesty. The Amnesty is a one-off opportunity for employers to self-correct any past super guarantee (SG) non-compliance without receiving a penalty. Any catch-up payments made in the 12 month period will also be tax-deductible. The Amnesty applies…
Get Your Business Ready For the EOFY The end of financial year (EOFY) is upon us again and the team here at Advivo are busy preparing Strategic Tax Planning and Forecasting for many of our monthly clients. Use Our EOFY Checklists Please use our complimentary checklist to make sure your business is ready for EOFY.…
The votes are in for the inaugural charity of the Month! The February donation recipient is MS Queensland, as part of our commitment to our local community, Advivo has donated $100 this month to MS Queensland. In June 2018 one of our partners, Chris Morris will be riding to fight MS and further raise money…
It’s hard to believe it is May already and May means Queensland small business week. In 2018, Queensland Small Business Week will be held from Monday 28 May to Friday 1 June and there are a range of events that can assist you and your business throughout the state. Last week we attended the Brisbane Small…
How Your Business can Benefit from Debtor Finance WHAT IS IT? Debtor Finance is, quite simply, a line of credit linked to and secured by your outstanding accounts receivable. If your business supplies products or services to other businesses on standard trade credit terms, Debtor Finance can help. There are a number of variations…
Get Your Business Compliant to The Single Touch Payroll Software Are you affected? Who is affected When does this start? Businesses with 20 or more employees on 1st April 2018 (excluding directors and officeholders) 1 July 2018 Businesses with 19 or fewer employees on 1st April 2018 (excluding directors and officeholders) 1 July 2019 Will…
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