New Year, New Payroll

Keep Up With The Changes To Payroll We have written a length about the changes to payroll over the last months, Single Touch Payroll has been one of the bigger changes that are happening, but there are more! Minimum Wage The Minimum wage review was completed by the Fair Work Commission and the new rates…

Advivo Business Navigator August 2018

New Legislations and Guidelines For Financial Year 2019 The new financial year is now in full swing! So too are some of the new legislations and guidelines that may affect the way you report to the ATO for the 2019 financial year. First off, I encourage you to read our FBT blog (FBT Exempt Vehicles…

Are You Up-to-Date with your Employees Superannuation

New Rules Set To Target Super Paid Late

So I paid super a few days late…crucify me. Many small business owners often end up with superannuation paid late. This is especially the case when they’re trying to pay super quarterly as opposed to monthly.  The black letter of the law actually denies businesses an income tax deduction for superannuation which is paid late. …

Advivo July 2018 Newsletter poster

Advivo July Business Navigator

Happy new (financial) year and welcome to the 2019 Financial year! I don’t know about you, but I always find myself at the start of any new year looking back on last year and asking a few questions; How did I (we) go?  What went well and what not so well?  What could I have…

Piggy Bank - Advivo poster

Areas of Concern for SMSF Trustees

ATO Finds Common Areas That Cause Concern For SMSF Trustees Are you the trustee of one of the approximately 577,000 SMSFs in Australia at the moment? As the SMSF sector continues to grow and the number of funds continues to increase, the workload of the ATO as the regulator increases. Instead of the rigid enforcement…

Superannuation Guarantee Amnesty

Superannuation Guarantee Amnesty – Don’t Miss Out!

What is Superannuation Guarantee Amnesty? In May this year, the government announced the start of a Superannuation Guarantee Amnesty. The Amnesty is a one-off opportunity for employers to self-correct any past super guarantee (SG) non-compliance without receiving a penalty. Any catch-up payments made in the 12 month period will also be tax-deductible. The Amnesty applies…