PAYG Pay As You Go Income Tax Installment Variations

Pay As You Go (PAYG) income tax instalment variations and refunds now available

What is available and to whom? If you have been affected by the COVID19 quarterly tax instalment payers can vary their current and prior PAYG instalments on their activity statement for the March 2020 quarter. How do I get it? To access this option you must vary the number of your PAYG instalments on your March activity statement before the instalment is due. Taxpayers who vary their…

Coins on a jar with a sprout coming out - Boosting Cash Flow - Advivo Business Advisors and Accountants Brisbane

Boosting cash flow for employers

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

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…

Advivo Business Advisors and Accountants Team

Advivo – We’re here to help!

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 …

Strategic Planning Tools Your Business Needs

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…

Stressed Out Over Fringe Benefits Tax?

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…