Super – Where art thou, Super? As at 30 June 2016, there is over $5.7 million in lost super waiting to be claimed. Given this, the ATO is keen to reunite members with any lost super they may have accumulated over the years. How Does Super Become ‘Lost’? Super becomes ‘lost’ when funds haven’t been…
Understanding The Annual Audit on SMSF’s Why Is My Super Fund Audited? If you run a SMSF, it is a statutory obligation under the Superannuation Industry (Supervision) Act (SISA) and Superannuation Industry (Supervision) Regulation (SISR) that your SMSF is audited annually by an approved independent auditor. A SMSF audit involves a highly comprehensive analysis of your fund’s financial and…
Superannuation – What It Is and How It Works At Advivo, we believe that understanding how super works will put you in a better position to make the best choice when it comes to super and your retirement. That is why we have decided to make it our focus for November. Since superannuation is a…
Introducing The Advivo Financial Modelling Service We at Advivo are very excited to introduce our Financial Modelling Service to you as part of our Financial Management services. In today’s unpredictable economic climate, there is a greater need for financial modelling to ensure a business’s success and profitability. What is Financial Modelling? In short, it involves…
Considerations when Choosing the Right Legal Structure for Your Business As a business owner, one of the most important decisions you will make is choosing the right type of legal structure for your business. The type of structure you select will not only have an impact on how much you pay in taxes, it will…
Keeping Your Business’s Sensitive Information Secure As you’re no doubt aware, the recent Panama Papers debacle caused by a security leak from a Panamanian Law Firm, resulted in the personal information of many Australian Taxpayers being divulged to the world. Since that event, we’ve fielded several queries from clients as to Advivo’s security measures, as…
Our focus for September is financial management and nobody speaks the financial lingo more than our very own partner, Dale Edwards. Dale has over eighteen years’ experience in the accounting industry and is a member of the Institute of Chartered Accountants and a Registered Tax Agent. He has an extensive background in financial management and…
Financial Modelling to Take Your Business to the Next Level In today’s sporadic economic climate, there has never been a greater need for financial modelling to ensure success and profitability for a business. This is why Advivo is pleased to introduce this type of Financial Modelling Service. In a nutshell, financial modelling involves building a model of a…
Avoid These Mistakes and Manage Your Cash Flow Better No matter how great your business model is, you can’t survive if you can’t manage your business’ cash flow. In fact, research has found that as many as 82 percent of small businesses fail due to poor financial management. So here we have listed the 5…
Ensuring that Your Business will Continue to Grow For business owners who have put their heart and soul into growing their business, developing a succession plan can be a daunting task to face and one which is too often overlooked. However, if you want your business to continue to grow, succession planning should be one…
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