The Importance of Keeping Your Existing Financier Happy—Ensuring You Get the Financial Support You Need Financiers are one of the pillars of a successful business and it is important to be on the same page about your business goals. During the life cycle of a business, they can often require multiple cash injections, especially…
Achieve Long Term Objectives, Operate More Efficiently, and Maintain Business Continuity With the Right Capital Structure Published: 9th September, 2020 Updated: 16th May, 2023 What is capital restructuring? Capital restructuring is an operational approach primarily used to deal with changes that impact a business’s financial stability. However, it can also be used to…
JobKeeper 2.0 Legislation—Passed JobKeeper 2.0 legislation has now been passed by the Senate on Tuesday, with minor amendments and extending the governments wage subsidy program by six months to 28 March 2021. This will replace the $1,500 a fortnight payment with a new two-tier payment rate from 28 September 2020. Treasurer Josh Frydenberg has highlighted that eligibility…
Increased eligibility for JobKeeper payments. For the second time in a fortnight, the Federal Government has announced further updates to the JobKeeper wage subsidy, to ensure businesses can continue to retain their employees under the economic impacts of COVID-19. The changes to eligibility criteria have a significant impact for all businesses and we encourage you…
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…
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