The Australian Government Passed Safe Harbour Legislation Written by Linda Cornacchia Recently, the Australian Government has passed new ‘Safe Harbour’ legislation. This is an important change providing useful opportunities for companies when restructuring. The new law means that directors will be able to trade on their company when its solvency is questionable. The safe harbour…
Security Risks of Using Public Wi-Fi We have all accessed free Wi-Fi in public places. One of the most common places is the local coffee shop which provides free Wi-Fi when you purchase a coffee, there are always people using their laptops and mobile devices to access the free Wi-Fi. This is not uncommon, I’m…
Monthly team member profile Adam Willemse (Senior Accountant) Personal Service Income (PSI) Specialist Meet Adam, he has been with Advivo since 2014 and was recently promoted to Senior Accountant. Adam moved from South Africa to Australia in 2011. It was when he re-ignited his passion for accounting because of the challenges, consistency and nature of…
Understanding The PPSR Act In some way, shape or form just about every business comes in to contact with PPSR act. A concern of ours for some time has been exactly what this article highlights, people just do not understand this legislation although it has been around for several years. Please read the article below…
Cyber Security – Is your business ready for the changes? The Australian parliament has recently passed the Privacy Amendment (Notifiable Data Breaches) Act 2017 (NDB scheme) on 13 Feb 2017. From 22 February 2018, all entities covered by the Australian Privacy Principles (APPs) will have clear obligations to report eligible data breaches. All entities will…
Barriers To Business Innovation in Australia Business innovation includes the development or introduction of new or significantly improved goods, services, processes or methods. According to figures released by the Australian Bureau of Statistics (ABS), more than a quarter of innovative-active businesses (27%) have reported that a lack of access to additional funds is the main…
SME’s and The Global Market We have all heard the phrase “Globalisation” which can trigger all sorts of social debate, however, if your business is one that has been established with unique products or services, then consideration of new geographic markets is something that should be seriously considered. Today, like no other, access to other…
Written by Linda Cornacchia There was wine, there were canapes and a good time had by all! Thank you to all who attended our recent Business Improvement Seminar on How to increase your business net profit by 50%. For those who didn’t make it, but wish you did, here are some of the highlights. A…
Improving Business Efficiency With Automation These days, there is much talk about robots taking our jobs and many tasks being automated. As much as many people don’t like change, this is something that is already happening and changing the way business is done such as Amazon. It is inevitable and businesses that do not do…
Increasing Profit By Reducing Waste There are many different ways to increase business profits, but when you reduce the various methods back to basics, they all fit into the following mathematical equation: Profit = Income – Expenses This means if you want to increase your profit it’s simple, you either need to increase your income…
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