Xero Tips To Make Your Accounting Task Easier If you are using the Xero software in your business or considering a change to cloud-based software, then you need to keep reading! We understand that running a business can be extreme at the best of times, and the last thing you want to be doing is…
Clearance Requirements Before Selling Your House In the market to sell your house? Before you call in the real estate agents and home stylists, you probably know that you’ll need to have a contract of sale handy. Did you know that you may also need to get a capital gains withholding clearance certificate from the ATO?…
Advantage of Timing The Sale of CGT Assets At a time of the year when we are all focusing on getting our affairs in order and ready for tax time, for those of us who are that organised, we don’t always consider the timing of capital gains tax (CGT) events. If you have recently purchased…
ATO Finds Common Areas That Cause Concern For SMSF Trustees Are you the trustee of one of the approximately 577,000 SMSFs in Australia at the moment? As the SMSF sector continues to grow and the number of funds continues to increase, the workload of the ATO as the regulator increases. Instead of the rigid enforcement…
It’s tax time again! As you gather your receipts and other assorted tax documents, you should also turn your mind to what the ATO is paying close attention to this year. This year, the ATO is focusing on taxpayers who claim “other” work-related expense deductions at label D5 on individual tax returns. According to the…
[heading] Legislative Changes That Might Affect Your Business [/heading] Minimum Wage From 1 July 2018, the national minimum wage will increase in Australia by 3.5% The new national minimum wage is $719.20 per week, for a 38-hour week, or $18.93 per hour. The increase applies from the first full pay period starting on or after…
What is Superannuation Guarantee Amnesty? In May this year, the government announced the start of a Superannuation Guarantee Amnesty. The Amnesty is a one-off opportunity for employers to self-correct any past super guarantee (SG) non-compliance without receiving a penalty. Any catch-up payments made in the 12 month period will also be tax-deductible. The Amnesty applies…
Get Your Business Ready For the EOFY The end of financial year (EOFY) is upon us again and the team here at Advivo are busy preparing Strategic Tax Planning and Forecasting for many of our monthly clients. Use Our EOFY Checklists Please use our complimentary checklist to make sure your business is ready for EOFY.…
How Your Business can Benefit from Debtor Finance WHAT IS IT? Debtor Finance is, quite simply, a line of credit linked to and secured by your outstanding accounts receivable. If your business supplies products or services to other businesses on standard trade credit terms, Debtor Finance can help. There are a number of variations…
Get Your Business Compliant to The Single Touch Payroll Software Are you affected? Who is affected When does this start? Businesses with 20 or more employees on 1st April 2018 (excluding directors and officeholders) 1 July 2018 Businesses with 19 or fewer employees on 1st April 2018 (excluding directors and officeholders) 1 July 2019 Will…
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