COVID Compliance with ATO | Advivo

COVID-19 Compliance With ATO

The Importance of Lodging Correct and Accurate Information With the ATO   In response to COVID19, the Australian Government announced a range of stimulus packages to assist individuals, employees and employers. The Australian Taxation Office (ATO) is responsible for the administration of many of the stimulus packages available and have since announced that they will…

Minimum wage increase - Advivo

Fair Work Commission Wage Increase

Impact of the Fair Work Commission Increase to Your Business   The Fair Work Commission has announced that a 1.75% increase to minimum wages will apply to all award wages. In previous years the increase to award rates would happen on 1 July, however this year the increase to awards will start on 3 different…

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Tax Benefits of Owning SMSF Property

Self-Managed Funds—the Advivo Way One of the big advantages of setting up your Self-Managed Super Fund (SMSF) is the ability to make investments the way that best suits you, and for some, this includes property. If you’re thinking about purchasing commercial property through your SMSF, it’s important that you understand exactly what’s involved. Business owners…

Ensuring Approvals - Advivo

Ensuring Approvals Amidst the Pandemic

The Current Lending Environment Is Tough—What Can You Do to Ensure Approvals? Financial institutions are suggesting borrowers are pulling back from extra borrowing or making additional repayments to their mortgage repayments. “The Brokerage” is a finance company that has worked with a number of Advivo clients to minimise risk and maximise returns, leveraging their years…

Forecasts and Budgets - Advivo Accountants and Business Advisors

Working With the Best Bookkeepers in Brisbane

The Importance of  Getting the Best Bookkeepers: Maintaining Accurate and Clean Financial Records   Is your bookkeeping up to date to start the new financial year? With accurate and efficient bookkeeping, you will be able to maintain accurate and ‘clean’ financial records which will help you to understand how your business is performing to gain…

Advivo Newsletter May 2020

Key Events / Dates: 15 May – Lodge 2019 tax returns for all entities that did not have to lodge earlier (including all remaining consolidated groups), and are not eligible for the 5 June concession. Due date for companies and super funds to pay if required. 21 May – Lodge and pay April 2020 monthly…