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…

Yellow Question Mark in a pile of Black Question Marks

Tax Planning – Why do I need to do it?

The term tax planning gets mentioned a lot, especially as we approach the new financial year. Advivo explain what is it and why we need to do it.   What is Tax Planning? Tax Planning is the process of reviewing and organising the dealings of a taxpayer or a group of taxpayers. The purpose is…

Advivo Monthly Service Programs (MSP's)

Sick of all the paperwork at tax time?

Advivo explain how our new Monthly Service Programs (MSPs) can help you!   With the new financial year fast approaching now is the perfect time to benefit from one of for our Monthly Service Programs (MSPs). We can help you improve your business and remove the stress associated with end-of-year accounting. Through our monthly servicing…

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…

Plan ahead with Advivo's SMSF Accounting and Support

Advivo Newsletter March 2020

21 March – Lodge and pay February 2020 monthly business activity statement. 31 March – Lodge tax return for companies and super funds with total income of more than $2 million in the latest year lodged (excluding large/medium taxpayers) unless the return was due earlier. Payment for companies and super funds in this category is also due by…