The Magic of Accounting – Demystifying The Fundamentals

Understanding Your Financial Report Financial reporting is a crucial component of business management and helps to monitor your business performance against your goals and expectations. We take this opportunity to share some simple tips to help demystify your Balance Sheet, Income Statement (Profit and Loss), and Statement of Owners Equity (also called Statement of Change…

EOY “Get your house in order” checklist

Are you ready for 30 June? The end of financial year is upon us again and the team here at Advivo are already busy preparing Tax Planning and Forecasting for many of our monthly clients.  Fred Chang has prepared the below checklist for businesses to get ready for the end of financial year. If you…

Wheels & Gears

Don’t Miss Out on R & D Incentive Opportunities

Tax Incentives For Businesses on R & D Are you aware of R & D tax incentives that can help drive innovation and value for your business? If your business engages in activities designed to improve a product or service that you take to market, you may be eligible for lucrative cash refunds for expenditure…

Estate Planning

Easy Estate Planning

Advivo Tests Out Yodal – A New Estate Planning Tool At Advivo we are always looking for ways to do things better. In our Estate Planning area, we recently started using a new software called Yodal to manage the legal side of the process. Yodal allows our clients to use their solicitor of choice, via…

Advivo 2017 Budget Review

Welcome to the Advivo 2017 Budget Review Like most budgets the 2017 budget has met mixed reviews from business and individuals. From a small business owner’s perspective the extension of the $20,000 capital asset purchase immediate write off is positive. However the flow on effects from the “big bank tax” may have adverse effects on…

Estate Planning

Is your Estate going to the intended beneficiary?

Maybe not with the impending changes to Superannuation laws from 1 July. No one knows your total financial situation better than your accountant, this includes your financial/business objectives and your corporate structures.  For this reason, we and other professionals believe accountants should be the drivers to Estate Planning. The Importance of Estate Planning Estate planning…