Discussing the 4 Key Phases of the Coronavirus Business Cycle In part 1 of this series, I identified these phases and briefly discussed what we’ve seen throughout phase 1, along with some of the reasons for the various reactions and flow-on effects for business. I also discussed the importance of understanding the characteristics of…
Protecting Australians and the Economy From the Effects of COVID-19 The Government has acted swiftly and decisively to address the significant impacts of COVID-19 on Australia’s health system, the economy and jobs, by providing an unprecedented level of support to assist households, keep businesses in business and keep Australians in jobs. In the Federal…
Embracing Remote Work, Digitising, and Automating Payments Amidst COVID-19 with Xero Increasingly, businesses, both large and small, are moving to operate completely online/ digitally which enables them to have greater access to information, resilience to respond, to adapt, and to innovate which is key to setting yourself apart from your competitors so your business…
How Audit Activity Is Prevalent and Can Affect You in Response to COVID-19 The Australian Tax Office (ATO) has increased their compliance lockdowns and investigations on businesses, where organisations can be selected at random, even if your filed returns are accurate. With the introduction of JobKeeper and JobSeeker, the ATO has recently announced they…
Staff Spotlight: Michael Agius Introducing Michael Agius, Advivo’s Practice Manager, as an integral part of our business. Not only does he take care of billings, process mapping and workflow, but Michael drives the vision of Advivo and keeps everything on track. Michael is a commercially minded and qualified Chartered Accountant with exposure to Audit and…
Federal Government Updates on Jobkeeper and Jobseeker On 21 July 2020, the Federal Government announced an extension to the JobKeeper wage subsidy through to 28 March 2021 and a temporary boost to the JobSeeker unemployment benefit program. This initiative is obviously designed to allay fears of a significant disruption to business viability in September from the proposed cessation…
The Importance of Lodging Correct and Accurate Information With the ATO In response to COVID19, the Australian Government announced a range of stimulus packages to assist individuals, employees and employers. The Australian Taxation Office (ATO) is responsible for the administration of many of the stimulus packages available and have since announced that they will…
Impact of the Fair Work Commission Increase to Your Business The Fair Work Commission has announced that a 1.75% increase to minimum wages will apply to all award wages. In previous years the increase to award rates would happen on 1 July, however this year the increase to awards will start on 3 different…
Self-Managed Funds—the Advivo Way One of the big advantages of setting up your Self-Managed Super Fund (SMSF) is the ability to make investments the way that best suits you, and for some, this includes property. If you’re thinking about purchasing commercial property through your SMSF, it’s important that you understand exactly what’s involved. Business owners…
The Current Lending Environment Is Tough—What Can You Do to Ensure Approvals? Financial institutions are suggesting borrowers are pulling back from extra borrowing or making additional repayments to their mortgage repayments. “The Brokerage” is a finance company that has worked with a number of Advivo clients to minimise risk and maximise returns, leveraging their years…
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