Scott Morrison’s budget announcement of personal income tax changes need no introduction, just a lot of patience. The budget headlines have glossed over some of the important detail which we know will affect our business clients as well as everyone’s superannuation. Summarised below are the key take-aways which we’ve cherry picked for our clients. It…
Why Advivo is Leaving Facebook It’s recently been revealed that data firm, Cambridge Analytica, has allegedly accessed information for around 83 Million Facebook users without their knowledge. This has stunned users across the globe, causing many to delete their Facebook accounts. Details of the Facebook Issue In case you don’t know the details, let us…
What is Fringe Benefit Tax (FBT)? A fringe benefit is a benefit provided in respect of employment. This effectively means a benefit provided to an employee (or their associate) because they are an employee. An example of a fringe benefit being provided to an employee may be one of the following: Allowing your employees to…
How to Grow Your Business Without Murdering Its Cash Flow A business often needs to spend cash fulfilling orders before payment is received for these orders, so working capital is needed to fund the timing gap. When revenue is growing, this is exacerbated because more sales = more working capital needed until customers pay for…
Time is running out! Are you a small business that would benefit for $10,000 consulting or mentoring services? Find out how to get your free money here We know that Queensland SME’s makes a large contribution in the innovation space and the recent annual Lord Mayor Business awards confirmed just how great we are! Some…
The Research and Development (R&D) Tax Incentive provides a tax offset for Australian company’s eligible costs of doing eligible R&D activities by reducing a company’s income tax liability. Tax offsets of 43.5% or 38.5% are available for costs incurred on eligible activities depending on a company’s annual aggregated turnover. The 43.5% benefit is a refundable…
How much should it cost to talk to my accountant? Do you ever feel as though you can’t ask your accountant a question for fear you’re going to be charged for every word? Well, you don’t need to feel like that with us! We love talking to our clients and most of our clients love…
The Australian parliament passed the Privacy Amendment (Notifiable Data Breach) Act 2017 (NDB scheme) on 13 Feb 2017. From the 22 February 2018, all entities covered by the Australian Privacy Principles (APPs) will have clear obligations to report eligible data breaches. The amendments are due to commence on 23 February 2018 so providers should be…
Written by Chris Morris “What’s the best way to fund our growth strategy?” This is a question I’m often asked, and whilst there will always be some options that are better for you than others, the answer is never as straightforward as we’d like. In all cases, it depends on the strategy being implemented, the…
Recently two of our staff members, Anita Bellingham and Ben Wright attended a three day Dale Carnegie ‘Immersion Course’. Dale Carnegie specialises in the provision of professional and personal development training to individuals and teams to develop their interpersonal communication and leadership skills. We at Advivo believe that communication is one the most important aspects…
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