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…
Advivo Partner, Dale Edwards, outlines what information you need to prepare when obtaining finance As accountants, we are often asked by clients to prepare their financial statements and tax return “urgently” as they have just made an offer for something that they need to finance and the lender is asking for their most recent…
Advivo Business Advisors and Accountants share some strategies you can use to reduce your FBT Fringe benefits tax (FBT) is separate from income tax and is imposed only on employers. It is applied to the value of non-cash benefits provided by an employer that are paid in place of wages or salary to an…
Advivo Business Advisors and Accountants are Xero Gold Partners and explain how to use Xero to better manage your cash flow Knowing that cash flow is important is one thing, but having a thorough grasp of where your business stands and what actions you need to take to improve your cash flow is quite another. Poor cash flow management is…
Advivo Partner, Chris Morris, shares his insights on how to get financially fit in order to reach your goals December and January are the months when many of us use our holiday enthusiasm to put goals and actions in place for the year ahead. Many goals require some level of financial savviness, whether it be to buy that investment property, expand the business, or even to be able to spend more time…
Advivo Business Advisors and Accountants share tips and strategic tools for focusing back on your business in the new year Happy New Year and welcome back to work! After your well-deserved end-of-year break, you may find yourself stuck in holiday mode and potentially lacking your business drive. To take your business to the next level and reach your 2022 goals,…
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