Staff Spotlight with Michael Agius - Advivo

Staff Spotlight with Michael Agius

Staff Spotlight: Michael Agius Introducing Michael Agius, Advivo’s Practice Manager, as an integral part of our business. Not only does he take care of billings, process mapping and workflow, but Michael drives the vision of Advivo and keeps everything on track. Michael is a commercially minded and qualified Chartered Accountant with exposure to Audit and…

Government guarantees loans to support businesses

What is available and to whom? The Government has announced they will provide a guarantee of 50% to Small to Medium Enterprise (SME) lenders for new unsecured loans provided to small businesses (turnover up to $50 million). The loans are to be for working capital and not as part of refinancing arrangements.  The Guarantee will apply to new loans from early April to 30 September 2020.  Loans…

Bills and coins

ATO Assistance and Deferrals Available

What is available and to whom? The Government has introduced measures available for businesses experiencing financial difficulty as a result of the COVID-19 outbreak.  These include:  Reversing any penalties and interest on tax liabilities that have been charged on or after 23 January 2020   Payment deferrals of up to 6 months for fringe benefits tax assessments, income tax assessments, business activity statements and excise   Quarterly tax instalment payers…

PAYG Pay As You Go Income Tax Installment Variations

Pay As You Go (PAYG) income tax instalment variations and refunds now available

What is available and to whom? If you have been affected by the COVID19 quarterly tax instalment payers can vary their current and prior PAYG instalments on their activity statement for the March 2020 quarter. How do I get it? To access this option you must vary the number of your PAYG instalments on your March activity statement before the instalment is due. Taxpayers who vary their…

Coins on a jar with a sprout coming out - Boosting Cash Flow - Advivo Business Advisors and Accountants Brisbane

Boosting cash flow for employers

Support now increased to a minimum of $20k and up to a maximum of $100k for employers. What is available and to whom? Small and medium sized business with annual turnover under $50 million that employ workers will now be eligible for a payment equal to 100% of their salary and wages withheld (the PAYGW amounts) for the period 1 January to 30 June 2020 on…

Advivo SMSF

Is SMSF (Self-Managed Superfund) right for you?

Advivo Accountants and Advisors proudly provide expert advice about the tax advantages of superannuation and will assist you every step of the way with your Self-Managed Super Fund (SMSF).   We strongly recommend talking to an expert when it comes to your personal retirement goals.  This information does not constitute financial advice.  Any information in…

Minor and Infrequent FBT: Is Your Vehicle Under Attack?

Advivo Accountants and Advisors explain the requirements of an FBT exempt vehicle… does yours measure up?   My ‘ute’ is FBT exempt right? Wrong.   Well… not necessarily anyway.  For some time now, small business owners have been spruiked to that they should buy a ‘commercial vehicle’ such as a certain dual cab utes, because…

Innovative Accounting Solutions

Innovative Accounting Solutions For Your Business Here at Advivo, with our expert team of accountants, we provide a multitude of innovative accounting solutions for you and your business. We offer innovative fee structures, such as fixed fees for ease of mind, then we provide solutions such as: Innovative Ideas Commercialised Through Our ICP Partners When…

Scam Alert! Latest ATO Scams

Beware of These ATO and ASIC Scams We have written before alerting everyone to circulating scams that appear as communications from the ATO and the ASIC. These scams can be highly effective at misleading individuals and will compromise the security of your personal information. We have compiled a list of known scams and how you…