Culture, values, staffing… Many internal changes happen in the merger or acquisition of a business. But how do you ensure they change for the better? Advivo Partner, Dale Edwards explains. Congratulations – the deal is done! You have successfully acquired a new business to complement and/or grow your existing business. Or have you? To be…
Advivo Business Advisors and Accountants discuss how engaging with an accounting firm can help your small or medium business to succeed. Accounting is much more than lodging taxation returns and making life easier at tax time. True accounting provides vital information about your business regarding set-up and tax structuring, cost and earnings, profit and loss,…
2022-2023 Federal Budget Update Last night, Federal Treasurer Josh Frydenburg delivered the 2022-2023 budget. Amidst a mountain of government debt incurred over the past few years due to COVID, and in an environment of inflationary pressures, rising bond yields, wages pressure and interest rate pressure, it appears to be a financially responsible budget. It is…
Advivo Partner, Chris Morris, shares what key factors you should consider before buying a business There can be many reasons for people to buy a business and no matter what that reason, there are several key factors that should always be considered. Below are my Top 5 Tips for buying a business: 1. Understand…
Advivo’s Managing Partner, Leon Stephan, outlines what you need to do to prepare your business for sale A report by the global financial services firm, UBS, revealed that a staggering 41 per cent of business owners expect to leave their business in the next five years. Though a majority of exiting business owners plan to…
Advivo Partner, Dale Edwards, explains the areas where tax can occur during the sale of your business When people hear about the Small Business Capital Gains Tax Concessions, they often assume that when they sell their business that there will be no tax. Whilst in some instances that is the case, it is more usual…
As the extreme weather conditions continue along Australia’s eastern coast, small businesses in the region find themselves facing yet another crisis and in need of support. Thankfully, government assistance is available for businesses affected by flooding. In Queensland, Disaster Recovery Funding Arrangements (DRFA) have been made available in the following local government areas: Barcoo, Boulia,…
Advivo Business Advisors and Accountants explain: what exactly is a corporate advisory and why is it so important for business owners to understand? Because Corporate Advisory is usually the domain of the big four accounting firms, not many people are fully aware of what it is or that we at Advivo Business Advisors and…
How to help your bank to help your business The past two years may feel like the longest on record for Australian SMEs. The economic impact of COVID-19 continues with supply chain disruption, significant staff shortages and ongoing challenges to cash flow management. Financial support can alleviate the pressure – or help to fund growth…
Advivo Partner, Chris Morris, delves into the importance of staying on top of your cloud accounting to ensure your business runs smoothly Online cloud accounting software such as Xero, makes generating mainstream business reports and timely access to information for decision-making purposes extremely easy for business owners. This also means that owners can easily…
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