AusRelief is Our Charity of the Month Beneficiary for June 2019 The votes are in for the charity of the Month! The June donation recipient is AusRelief, as part of our commitment to our local community, Advivo has donated $50 this month to the organisation. AusRelief emphasises the importance of education, infrastructure and self-sustainability as…
What a Month! Since our last newsletter we’ve had an election that confirmed the measures announced in the April Federal Budget are now more likely to become a reality, subject to the cross-bench. It’s important to note that the Low and Middle Income Tax Offset changes are not yet law (and won’t be until post-30…
The number 1 mistake migrating to Single Touch Payroll Many companies rely on their payroll provider and software to make sure their employee’s pay calculations are correct, only to find out that their payroll system relies on them for data accuracy: Incorrect Data In, Incorrect Payments Out… Some sorely find out that they may be…
A Quick Guide on the Upcoming Changes Regarding Superannuation If you have a Self-Managed Superannuation Fund you might be aware that the rules are constantly changing. Over the past few years there have been many significant changes made and many proposed but never legislated. We have prepared a quick guide on the upcoming changes and…
Advivo inspire their clients, this quote from Winston Churchill says it all “If you fail to plan, you are planning to fail” It’s the end of the financial year and many businesses are thinking about that five-letter word: taxes. Fortunately, there are some tax planning strategies that your business can use to avoid panic and…
March 2019 – Rolling Into The Final Financial Quarter We made it through another Queensland summer – even though we are breaking records this March with a dry and hot Autumn on the horizon! I hope you are all keeping cool and making the most of it. As we roll into the final financial quarter,…
When commercialising a new product or innovation, making assumptions can be one of the riskiest mistakes. Too often, we hear inventors say, “I know what the market wants,” without conducting proper product-market fit research. While they may be right in some cases, assuming rather than validating can lead to costly missteps. Why Validating Assumptions Matters …
Making Your Life Easier with STP Everyone should be aware of the changes regarding Single Touch Payroll (STP) and the reporting requirements that come with it. For those that need a refresher, we have put together a quick recap. STP Reporting Start Dates If you are an employer with 20 or more employees, you will…
New QBCC Reporting Laws and How Businesses Should Comply In an attempt to prevent insolvencies and corporate collapses in the Queensland building and construction industry, the Queensland Building Construction Commission (QBCC) have implemented new reporting laws. The new regulations for Minimum Financial Requirements (MFR) commenced on the 1st of January 2019 and will coincide with…
What is Fringe Benefits Tax or FBT? A fringe benefit is a benefit provided in respect of employment, essentially 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 use…
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