Hello again! We hope everyone has had a wonderful Easter break! Here at Advivo we’ve been working extremely hard since last month’s official launch of Advivo ICP Pty Ltd. ICP stands for Innovation and Commercialisation Partners and this is how Advivo is supplying an end-to-end solution for risk-averse commercialisation of innovation and rapid growth opportunities…
What is “Single Touch Payroll”? Single touch payroll (STP) is a reporting change that will soon become compulsory for all with 20 or more employees (regardless of whether they are full time, part-time, or casual). It’s part of an ATO initiative for digital “real-time” reporting in payroll. This initiative will also extend to Superannuation reporting,…
We are excited to present Advivo ICP Pty Ltd, Innovation and Commercialisation Partners Our Innovation and Commercialisation services were developed to firstly, help clients assess the viability of new products and services and secondly to accelerate and guide the commercialisation process of truly innovative and profitable endeavours. The Need for Advivo ICP Pty Ltd No…
The Cash flow implications of jumping on opportunities. Entrepreneurs and small business owners often need to act quickly to jump on an opportunity before they miss it. The danger is that even if the margin and potential profit all make good business sense, without fully understanding the cash impact of taking on the opportunity, you…
How to Grow Your Business Without Murdering Its Cash Flow A business often needs to spend cash fulfilling orders before payment is received for these orders, so working capital is needed to fund the timing gap. When revenue is growing, this is exacerbated because more sales = more working capital needed until customers pay for…
Advivo works directly the not-for-profit Many Rivers and their clients to support their journey towards self-reliance as they build a small business. Advivo is able to to this by helping them understand the practical steps required to turn their ideas and aspirations into an operating enterprise. An Advivo business specialist will work with their Many Rivers for a…
The Research and Development (R&D) Tax Incentive provides a tax offset for Australian company’s eligible costs of doing eligible R&D activities by reducing a company’s income tax liability. Tax offsets of 43.5% or 38.5% are available for costs incurred on eligible activities depending on a company’s annual aggregated turnover. The 43.5% benefit is a refundable…
How much should it cost to talk to my accountant? Do you ever feel as though you can’t ask your accountant a question for fear you’re going to be charged for every word? Well, you don’t need to feel like that with us! We love talking to our clients and most of our clients love…
The Australian parliament passed the Privacy Amendment (Notifiable Data Breach) Act 2017 (NDB scheme) on 13 Feb 2017. From the 22 February 2018, all entities covered by the Australian Privacy Principles (APPs) will have clear obligations to report eligible data breaches. The amendments are due to commence on 23 February 2018 so providers should be…
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…
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