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…
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…
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…
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…
Innovative Accounting Solutions For Your Business Here at Advivo, with our expert team of accountants, we provide a multitude of innovative accounting and tax 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…
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…
Improving Productivity and Cashflow with Automation Taking control of your cashflow and managing debtors are challenging elements to running a successful business. Automation can be used to free up your time for other tasks and often makes for faster, more cost-effective processes. While there are many different ways of maintaining cashflow, automation is one of the…
Getting The Right People On The Right Job Delivers Better Outcomes We work with a lot of businesses and their staff. It is quite amazing how often we see major inefficiencies by having people doing the jobs that they are just not suited to. Often it is the business owners error, performing tasks themselves in…
Manage Your Superfund Better! A self-managed super fund (SMSF) can be a rewarding alternative for your retirement. SMSFs gives you the freedom to make choices about your super investment, and the autonomy to control all aspects of your super. Instead of a super company investing your money on your behalf, you become the director of…
Recruitment Interviews – Questions to Ask and Not to Ask Advivo is not your average accounting firm, we are also your trusted business advisors and are often consulted by business owners to discuss various aspects of the day to day running of business. One of the biggest challenges in any business is hiring and retention…
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