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…
Digital marketing – Google AdWords, SEO, and Social Media – Can it Really Add to My Bottom Line? There are now so many Digital Marketing, SEO and Google AdWords so-called specialists, that promise to get a company’s ADs on to the front page of Google and in doing so deliver new leads. This is not…
Organic Growth Strategies – 4 effective strategies you can implement today! Growing your business is a natural objective for virtually all small businesses. In our last blog about methods to grow your business, we explored “5 Exponential Growth Strategies for SME’s”, looking into ways where immediate growth can be achieved through acquisitions, franchising, distribution expansion,…
Secret to Increasing Your Business’s Revenue “It can’t be done”, we hear you say. Well, yes, it can and the secret is not in your own business (although that is a big part of it) but in thinking outside of the square and looking at “other businesses”. That’s right, even as a small to medium…
Business Assessment and Valuation There are many reasons why business people seek a business valuation, including: Selling the business – to get an idea of a good price, you need to know what your business is worth. This is a leading motive for conducting a valuation. Even if you don’t plan to sell yet, valuing your…
We are excited to announce that Advivo now offers a complimentary Secure File Transfer Service that provides you with a quick, easy and secure way to share files over the internet. Advivo has tried and tested this new service, and are excited to offer to our clients this easy to use method of sharing files.…
Understanding Your Financial Report Financial reporting is a crucial component of business management and helps to monitor your business performance against your goals and expectations. We take this opportunity to share some simple tips to help demystify your Balance Sheet, Income Statement (Profit and Loss), and Statement of Owners Equity (also called Statement of Change…
The ATO’s New BAS Lodgment System The ATO is introducing a simpler BAS lodgment system from 1 July 2017. This will apply to small business entities with a GST turnover of less than $10 million. If you are a small business, you will only need to report: Total sales (G1) GST on sales (1A) GST…
Are you ready for 30 June? The end of financial year is upon us again and the team here at Advivo are already busy preparing Tax Planning and Forecasting for many of our monthly clients. Fred Chang has prepared the below checklist for businesses to get ready for the end of financial year. If you…
New legislation from the Government, yet to pass, states that from 1 July 2017, the ATO will be able to disclose debt information to credit reporting agencies of taxpayers that are not effectively managing their debts with the ATO. To avoid this affecting taxpayer’s credit rating, the ATO encourages payment of taxation debts in a…
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