ATO finalises revised fixed rate for work from home expenses The Australian Taxation Office (ATO) has refreshed the way that taxpayers claim deductions for costs incurred when working from home. The changes better reflect contemporary working from home arrangements. The biggest and more onerous change is that from the 1st March 2023, taxpayer will need…
Advivo explores the top 10 things you need to keep in mind when you are choosing an accounting platform for your business. Tracking your accounts and expenses is one of the most important aspects of building a successful business. Because of this, it is crucial that you select an accounting platform that you can…
Advivo explains whether debt can be beneficial for your business, and how to manage different kinds of debt. Debt is a topic that is at the forefront of every owner or director looking for small business advice, especially when starting out. Despite its scary reputation, there are certain types of debt that can be…
Advivo Business Accountants and Advisors share some key information about business planning in 2023 As a small to medium sized business owner, a business plan can sometimes seem more like a hurdle than a useful tool, especially when thinking about the work it takes to pull one together, or even knowing where to start.…
Advivo highlights the things you should keep in mind when you decide to integrate accounting solutions into your business processes. Integrating your accounting process into an accounting system or moving to a new one can be a big task. You should consider a few things before deciding on the software, so here are a few…
With the Consumer Price Index (CPI) rising 7.3% over the twelve months to September 2022 and being tipped to peak at 8%, there are signs that we’ll continue to see the Reserve Bank of Australia (RBA) increase interest rates in the coming months. However, economists are generally tipping an easing in inflation and interest rates…
Advivo Partner, Dale Edwards, shares some great tips to ensure that Cashflow isn’t a headache over the Christmas period. The Christmas period can be quite challenging from a business cash flow perspective. As if it is not enough with reduced work days and billing potential, add to that extra holiday leave to be paid and…
As we move towards 2023 businesses face new challenges in the form of climbing interest rates, inflation, and economic uncertainty. Managing your business requires better visibility of real-time financials and more process efficiency through innovation and technology than ever before. The last few years have proved that small and medium businesses (SMBs) need to invest…
Advivo explains the things you need to know about the expansion to Single Touch Payroll. Single Touch Payroll (STP) is the Australian government’s initiative to reduce the reporting burden for employers. In the 2019-20 Budget, the government announced an expansion to STP that will require employers to provide additional information to the ATO. This…
Without an Estate Plan, you risk costly and unwanted emotional stress for your family and loved ones… Advivo shares six considerations to make sure all your personal, financial and business affairs are taken care of. The idea of future-proofing your business is about doing work now to grow and protect your business to ensure that…
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