Risk Assessment – Payroll Accuracy

The number 1 mistake migrating to Single Touch Payroll Many companies rely on their payroll provider and software to make sure their employees 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…

Superannuation – What you should know

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…

5 Tax Planning Strategies For Businesses

Five Tax Planning Strategies For Every Business

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…

SCAM WATCH!!! Update from the ACCC

Latest Figures in the ACCC’s Targeting Scams Report Australians lost almost half a billion dollars to scammers in 2018 according to the latest figures in the ACCC’s Targeting Scams report released last week. “Total combined losses reported to Scamwatch and other government agencies exceeded $489 million – $149 million more than 2017,” ACCC Deputy Chair,…

Are You Ready for End of Financial Year?

Let’s Get You Ready for the EOFY It’s that time of year again. The team here at Advivo are busy preparing Strategic Tax Plans and Forecasting for many of our clients in preparation for the new financial year (EOFY). EOFY Reminders & Highlights We have put together some reminders and highlights to help you in…

Marketing, helping drive Business Growth

Marketing’s Role In Business Growth Whatever stage your business is at, marketing plays an important role. Whether it’s solidifying your brand presence, ensuring your current customers are nurtured and engaged, or reaching out to expand the business and get new enquiries. Working with our marketing partner we are able to support our clients with: Market…

The ATO is always watching…

ATO Can Automatically Deny Deductions For Late Super Payments Superannuation paid for employees must be paid on time for employers to claim the payment as an income tax deduction. This has been the situation for many years and doesn’t look to be changing any time soon.  What is changing is that with the introduction of…