Is your business ready to maximise deductions for the financial year? The end of financial year is fast approaching and, while you want to ensure you’ve covered all bases correctly, it doesn’t have to be a stressful time. Paying tax is inevitable but there are ways to minimise what you pay through maximising your deductions…
Advivo Business Advisors and Accountants, share insights on the benefits of JobMaker for small businesses. The JobMaker Hiring Credit was designed to help accelerate growth in employment of young people during the COVID-19 recovery, helping them access job opportunities as the economy recovers. The government designed the Jobmaker scheme to encourage businesses to employ additional…
Advivo Business Advisors and Accountants explain the importance of supporting the financial wellness of your employees. Financial wellness is an important part of overall employee wellbeing which consists of physical, mental, and financial wellness. Ensuring and strengthening the financial health of employees is a valuable, and often overlooked, opportunity to nurture employees’ overall wellbeing. With…
All you need to know about STP for your business is explained by Advivo Business Advisors and Accountants. Single Touch Payroll (STP) is a government initiative that allows employers to streamline payroll by sending tax and super information to the Australian Tax Office (ATO) from a third party, your payroll, or accounting software. This…
Advivo Business Advisors and Accountants explain how small businesses can keep their staffing and payroll on track. Managing Human Resources (HR) and payroll is no small task, and while many businesses continue to face an uncertain future, now is a great time to audit what’s working and what needs to be changed when considering…
Advivo Accountants and Advisors explain the benefits of adopting an automated payroll process. Payroll is an essential function of any business. As an employer, it’s your job to make sure your employees are remunerated correctly. Whether it’s a cloud-based solution or manual process, you need a system in place for tracking hours worked and…
What’s The Risk? As a consequence of the recent COVID-19 restrictions and the uncertainty that led to gatherings, we have changed the date for our for our upcoming event, ‘What’s the risk?’ To ensure this very important subject receives due attention and exposure it deserves, and our clients get the time to put it in…
The JobKeeper scheme which has been in place since 30 March 2020, ended on 28 March 2021. How does the end of JobKeeper impact my business? On and from 29 March 2021: JobKeeper employee wage subsidies will cease, and qualifying and legacy employers will generally be unable to change their employees’ work hours, usual duties…
Business 360 review thousands of employee entitlements each year, and reveal the most common pay mistakes they typically see. Most employers often don’t realise pay mistakes until it is too late. Underpayment breaches can lead to fines, penalties, large back-pay amounts (up to 6-years) and prosecution underneath the civil or criminal laws. Commonly, we…
Advivo Business Advisors and Accountants outline what you need to know about e-invoicing. Running a business always keeps you on your toes and being paid late is one of the biggest obstacles business owners face. This can make it hard with cash flow, paying your own bills and creates stress in the lives of…
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