Last chance for $20,000 deduction for Small Business

As the end of the financial year fast approaches, it is important to be aware of changes happening at the end of this financial year.  The ‘limited time offer’ $20,000 instant deduction for small business entities will be coming to an end on 30 June 2017. This immediate tax deduction means that businesses with a…

Advivo Core Values – Educating and Empowering

Our Core Values to Take Your Business to the Next Level At Advivo it is firstly and fundamentally important to us to help people by empowering and educating them – whether our clients, staff or industry partners. Going Beyond Traditional Accounting We deliver this core value externally by adding value in being innovative and proactive…

Business journal

FBT: What’s Due and When?

Fringe Benefits Tax Lodgment Information The Fringe Benefits Tax (FBT) year runs from 1st April to 31st of March.  If you are providing certain benefits to your employees or you are receiving certain benefits as a director of a company or trust, you may be subject to FBT. Lodgment and Payment Dates The FBT lodgement…

Car Fringe Benefits

Back to Basics with Car Fringe Benefits

Insights About Your Fringe Benefit Tax Obligations Unsure about your Fringe Benefits Tax (FBT) Obligations or what FBT is about? We have compiled some helpful tips that can help you.  If you own or lease a car that is available for the private use of your employee/s you may be providing a car fringe benefit.…

Payroll Tax – Bi-Annual Lodgements

Focus on Bi-Annual Payroll Tax Lodgments Article by: Jay Rajapakse, Advivo Accountant and Payroll Specialist Payroll tax is a tax assessed by the various states and territories on the wages paid or payable by an employer. Payroll tax is payable when the total ‘taxable’ wages exceed a particular threshold amount imposed by each state and territory.…

Puzzle Pieces

Advivo’s Commitment to Professional Development

Personal and Professional Development for Advivo Staff At Advivo, we invest substantial resources in the professional development of our people. Why do we do this? As an innovative and dynamic accountancy and business advisory firm, we recognise that our success is directly attributable to our employees. Without our team, we would not be able to…

Making Payroll More Efficient

How to Make Your Payroll Process Stress-Free and Efficient Payroll is the bane of any business owner’s existence. This is because it is one of an organisation’s greatest expenses and is often easy to mess up, legislation is complex and ever-changing and even more difficult and complex when multiple awards and states are involved. After…

PAYROLL 101

Things to be Aware of When Doing Payroll With Christmas just around the corner, one thing you do not want to do as a business owner is making a big mess of the payroll. That is why, our payroll specialists, Jay Rajapakse and Fred Chang have provided a general list of things to be aware…