Risk Assessment – Payroll Accuracy
The number 1 mistake migrating to Single Touch Payroll Many companies rely on their payroll provider and software to make sure their employee’s pay calculations are correct, only to find out that their payroll system relies on them for data accuracy: Incorrect Data In, Incorrect Payments Out… Some sorely find out that they may be […]
Superannuation – What you should know
A Quick Guide on the Upcoming Changes Regarding Superannuation If you have a Self-Managed Superannuation Fund you might be aware that the rules are constantly changing. Over the past few years there have been many significant changes made and many proposed but never legislated. We have prepared a quick guide on the upcoming changes and [...] Five Tax Planning Strategies For Every Business
Advivo inspire their clients, this quote from Winston Churchill says it all “If you fail to plan, you are planning to fail” It’s the end of the financial year and many businesses are thinking about that five-letter word: taxes. Fortunately, there are some tax planning strategies that your business can use to avoid panic and […]
SCAM WATCH!!! Update from the ACCC
Latest Figures in the ACCC’s Targeting Scams Report Australians lost almost half a billion dollars to scammers in 2018 according to the latest figures in the ACCC’s Targeting Scams report released last week. “Total combined losses reported to Scamwatch and other government agencies exceeded $489 million – $149 million more than 2017,” ACCC Deputy Chair, […]
Are You Ready for End of Financial Year?
Let’s Get You Ready for the EOFY It’s that time of year again. The team here at Advivo are busy preparing Strategic Tax Plans and Forecasting for many of our clients in preparation for the new financial year (EOFY). EOFY Reminders & Highlights We have put together some reminders and highlights to help you in […]
Marketing, helping drive Business Growth
Marketing's Role In Business Growth Whatever stage your business is at, marketing plays an important role. Whether it’s solidifying your brand presence, ensuring your current customers are nurtured and engaged, or reaching out to expand the business and get new enquiries. Working with our marketing partner we are able to support our clients with: Market [...] The ATO is always watching…
ATO Can Automatically Deny Deductions For Late Super Payments Superannuation paid for employees must be paid on time for employers to claim the payment as an income tax deduction. This has been the situation for many years and doesn’t look to be changing any time soon. What is changing is that with the introduction of […]
Government Grants for Business
Business Grants for Start-ups or Financial Support Starting and running a small business requires passion, fortitude, and time — but it also requires money. Obtaining the funds to start your business and then managing ongoing finance can be a big task for small business owners. Fortunately, grants come in all shapes and sizes, from funding […]
Managing Annual Leave Over the Holidays
Effectively Manage Your Employees’ Annual Leaves As a medium-size business ourselves, we are often asked about how we manage annual leave and ensure that the business is moving forward and the client’s expectations are met, particularly around peak holiday periods. Annual Leaves and Business Productivity Research suggests that offering employees more annual leave may increase […]
Are you getting the most out of your financials?
Forecasting a Business’s Financial Future A trusted Financial Model is a vital tool to forecast a business’s financial performance. In this article, we will discuss in detail financial modelling and forecasting to provide a solid base understanding. What is Financial Modelling? Financial modelling is more than just number crunching, it is an abstract numerical scenario […]