Advivo shares 5 bookkeeping mistakes that you may be making and how you can avoid them with a professional bookkeeping service. Bookkeeping is an important task for any business big or small. But it is the small and medium business owners that are often taking on multiple roles within their business, one often being accounting.…
Advivo breaks down how your business can prepare for the recently announced wage increases. In their latest press release, the Fair Work Commission made two important announcements concerning the 2022 Annual Wage Review. 1. Increase to the National Minimum Wage From 1 July 2022, the National Minimum Wage will increase by 5.2%, which amounts to…
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…
Advivo are committed that their clients get the most out of their investment in great accounting. An accountant plays a crucial role in the success of your business, so creating a strong working relationship with them and ensuring they are completing all their responsibilities is imperative. You need to be comfortable working with them and…
A couple of years ago, pre covid, Chris Morris wrote the below article- Future Proofing Your Business: A Road Map for Digital Transformation. This has proven to be extremely relevant given the events since it was written and so we have updated it for today’s environment. Exploring the options and benefits of digitalisation, automation, and the…
The number 1 mistake migrating to Single Touch Payroll Many companies rely on their payroll provider and software to make sure their employee’s pay calculations are correct, only to find out that their payroll system relies on them for data accuracy: Incorrect Data In, Incorrect Payments Out… Some sorely find out that they may be…
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…
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…
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…
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