A Quick Guide on the Upcoming Changes Regarding Superannuation If you have a Self-Managed Superannuation Fund you might be aware that the rules are constantly changing. Over the past few years there have been many significant changes made and many proposed but never legislated. We have prepared a quick guide on the upcoming changes and…
Advivo inspire their clients, this quote from Winston Churchill says it all “If you fail to plan, you are planning to fail” It’s the end of the financial year and many businesses are thinking about that five-letter word: taxes. Fortunately, there are some tax planning strategies that your business can use to avoid panic and…
Welcome to the new look Advivo Newsletter, we hope you like it. As many of you already know the very core of what we do at Advivo is to help you grow your business, yes the accounting and tax compliance is essential too but it does not add value to what you do and work…
ATO Can Automatically Deny Deductions For Late Super Payments Superannuation paid for employees must be paid on time for employers to claim the payment as an income tax deduction. This has been the situation for many years and doesn’t look to be changing any time soon. What is changing is that with the introduction of…
– There’s More Than One Road to Success – That’s a wrap! The first quarter of 2019 is now behind us, and we only have one more to go to hit our goals for the financial year. April is an incredibly important month in many ways: religious celebrations with Easter, Australian heritage with ANZAC day,…
March 2019 – Rolling Into The Final Financial Quarter We made it through another Queensland summer – even though we are breaking records this March with a dry and hot Autumn on the horizon! I hope you are all keeping cool and making the most of it. As we roll into the final financial quarter,…
Making Your Life Easier with STP Everyone should be aware of the changes regarding Single Touch Payroll (STP) and the reporting requirements that come with it. For those that need a refresher, we have put together a quick recap. STP Reporting Start Dates If you are an employer with 20 or more employees, you will…
New QBCC Reporting Laws and How Businesses Should Comply In an attempt to prevent insolvencies and corporate collapses in the Queensland building and construction industry, the Queensland Building Construction Commission (QBCC) have implemented new reporting laws. The new regulations for Minimum Financial Requirements (MFR) commenced on the 1st of January 2019 and will coincide with…
What is Fringe Benefits Tax or FBT? A fringe benefit is a benefit provided in respect of employment, essentially 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 use…
Easily Track Your Transactions and Business Records With ReceiptBank How often have you looked at your business records and struggled to work out what a transaction was for in order to correctly allocate it or answer the inevitable question from the accountant? You can’t remember what it was for, because it was a long time…
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