Advivo shares what to consider when insuring for your estate. Thorough estate planning involves putting in place strategies that address all aspects of your situation. Estate planning documents (including Wills, Powers of Attorney and insurance and superannuation nominations) are the tools that are used to implement these strategies that are developed as part of…
Advivo explains which entity is best to pay for your life insurance. When it comes to estate planning, life insurance is something to consider and furthermore, what the benefits and drawbacks are of having insurance within your SMSF. Types of insurance SMSFs are allowed to provide: Life cover Total and Permanent Disability Insurance (TPD);…
Advivo Business Advisors and Accountants advise the importance of having an estate plan in place. All too often when we talk to people about estate planning, we hear responses such as: “I don’t have kids” “I set one up years ago” “I don’t have enough assets to create one” “I used a kit I…
What to Consider When Assessing What a Family Business Will Need to Grow and Succeed Changes in business dynamics are occurring rapidly, with businesses recognising and feeling the need to move fast to acquire technology or enter new regions and service lines. Family businesses are increasingly attracting investors’ interest because they make up a…
Why a Board Is One of the Most Powerful Tools to Ensure the Longevity of a Family Business We have seen more family businesses interested in corporate governance and setting up boards today than we did a decade ago. If you or your family owns such a business, you understand how important the business’s…
Outsource2Us: Why Marketing Is More Important Than Ever With the current status of the world, changes in job-keeper and Government support and the closing down of some businesses (hence potentially some of your customers), now is the most important time to drive your marketing and get your brand out there. Whilst the way your…
Working With a Family Business and Striking the Right Balance Family-owned businesses make up a large percentage of small businesses in the world. It can be risky working with family members, the hard part is learning how to put family emotions aside and leave work at work and home at home. When you are…
Important Information on Jobkeeper Extension 1 Commencing From 28 September 2020 The JobKeeper program has now officially been extended for 6 months to 28 March 2021. We have highlighted important dates for employers to take note of in regards to this extension. We understand the complexity and confusion in the market around JobKeeper 2.0 and…
How Being Across Your Business Activity Helps Provide and Influence Effective Reporting and Cashflow Today’s business owners are facing greater expectations when it comes to financial transparency and government compliance. All too often, we see businesses juggling day-to-day responsibilities alongside more complex and time-consuming tasks such as finance, accounting, compliance, and risk management. They…
JobKeeper 2.0 eligibility from 28 September clarified The JobKeeper program has now officially been extended for 6 months to 28 March 2021 and the ATO (Australian Taxation Office) have finally clarified a lot of the speculation which has been circulating the press since Federal Treasurer Josh Frydenberg’s announcement earlier this week. There are a lot…
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