Tips on Small Business Tax Small Business Tax can seem like a foreign language, especially when there are so many grey areas. That is why Chris Morris, our Business Development and structuring Specialist, has provided a general list of small business tax do’s and don’ts. DO – Begin with the end in mind. To determine…
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…
Advivo outlines how innovative accounting solutions are the key to helping your business grow. The primary goal of every business is to make a profit. This is especially true for small and medium-sized enterprises (SMEs). However, the journey to success is often difficult and riddled with a myriad of challenges. From managing cash flow effectively…
Advivo explains why you should always be learning when it comes to managing your business’s finances. In today’s fast-paced business world, where the only constant is change, staying informed is not just an option, it is essential. In this blog we will explore why as a business owner, it is vital that you are consistently…
Advivo Partner, Chris Morris, outlines the essentials for successful CEO succession planning in small businesses. CEO succession planning is not solely the terrain of large corporations; it holds equal importance for small businesses. While the scale may differ, the impact of leadership transitions on small enterprises can be equally profound, if not more important to…
Advivo Managing Partner, Leon Stephan, outlines the considerations you must make when it comes to the timing of your succession plan. Most small business owners make more (after allowance for their normal commercial wages for time spent working in the business) out of the sale of their business rather than operating the business. So, it…
Advivo Partner, Dale Edwards, explains how to navigate when your children aren’t interested in being part of your business’s succession plan. For many entrepreneurs, the dream isn’t just about building a successful business; it’s about creating a lasting legacy that can be passed down through generations. However, what happens when the next generation doesn’t…
Advivo explains the key differences between a business succession plan and an exit strategy, and why you need both for your business. Deciding when and how to move on from your business can be one of the most complex and important decisions you will make. Proper planning and preparation can help you achieve your…
Advivo outlines 5 key skills you should pass on to help ensure a smooth succession for your business. Did you know that 1 in 4 business leaders don’t have a succession plan in place? At Advivo we know that business succession planning can be a daunting and overwhelming task. That’s why we have carefully…
Advivo Partner, Chris Morris, explains how you can effectively prepare your business for the event of an emergency transition. As business advisors and accountants, Advivo plays a critical role in guiding organisations through emergency transitions. These transitions can arise unexpectedly due to various factors, including the sudden illness or unfortunate demise of key individuals,…
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