Support now increased to a minimum of $20k and up to a maximum of $100k for employers. What is available and to whom? Small and medium sized business with annual turnover under $50 million that employ workers will now be eligible for a payment equal to 100% of their salary and wages withheld (the PAYGW amounts) for the period 1 January to 30 June 2020 on…
Roadmap of the Government’s Current Stimulus Packages Support for Individuals and Households Income Support for individuals – Coronavirus supplement Payments to support households Temporary early release of superannuation Temporaririly reducing superannuation minimum drawdown rates Reducing social security deeming rates Support for Businesses Boosting Cash Flow for Employers Temporary relief for financially distressed businesses Increasing the…
Here’s what Advivo is doing to help our clients and friends through these turbulent times and we urge you to please contact us sooner rather than later if you would like any assistance with the below. Business Continuity Planning: Assistance with access to Government stimulus measures Verification of your own plan or creating one from scratch Assistance with determining and implementing business strategy …
What the Government’s Corona/COVID-19 Stimulus Package Means For You and Your Business The Government has announced the details of a $17.6b stimulus package to support businesses through the COVID-19 crisis. Many of Advivo’s clients and friends will be eligible for parts of this stimulus package and the Advivo team are available and able to help…
From 1 March 2020, employers who currently pay annualised salaries to employees covered by certain Modern Awards must comply with new changes, record-keeping and reconciliation requirements… Are your employees covered by a modern award? If so, your business may soon be affected by changes to Modern Awards… The number of recent public cases of employers…
The Superannuation Guarantee (SG) Amnesty Bill has now passed both houses, with employers set to get six months to disclose historical non-compliance before tougher penalties apply… The long-awaited Superannuation Guarantee (SG) Amnesty Bill has passed Parliament and is now awaiting Royal Assent to become an Act. The amnesty period will start from 24 May 2018…
Advivo shares the importance of month-end processing and how it can impact your business’ finances and growth… Advivo can help you run your business successfully, with effective cashflow and no year-end surprises, just by moving your business to one of our monthly service programs. Monthly account reviews, management and support weed out any bookkeeping and…
Advivo Accountants and Advisors share some of the best strategic tools to take your business to the next level! In light of our upcoming event ‘Your Strategic Planning Toolkit Explained’ Advivo shares some of the tools that will be discussed in the evening. 1. One-Page Strategic Plan One-page strategic plans are one of the most…
Advivo Accountants and Advisors answers some of the common FAQs to help you prepare for the FBT season… If you are providing certain benefits to your employees or you are receiving certain benefits as a director of a company (or trustee of a trust), you may be subject to FBT. To help, Advivo has answered…
Advivo Business Advisors and Accountants share a great way to make things easy for employers and employees alike! Trying to keep paper logbooks are time-consuming hassles that take up space. Make life easier for yourself and go the digital route. There are so many easier options out there than hard copy logbooks; numerous apps are…
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