Tips on Small Business Tax Small Business Tax can seem like a foreign language, especially when there are so many grey areas. That is why Chris Morris, our Business Development and structuring Specialist, has provided a general list of small business tax do’s and don’ts. DO – Begin with the end in mind. To determine…
What is Fringe Benefit Tax (FBT)? A fringe benefit is a benefit provided in respect of employment. This effectively means 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…
Advivo outlines the attributes you should look for when selecting a business advisor. Choosing the right business advisor in Brisbane can be paramount for taking your business to the next level. With the wide variety of options available, it’s essential to understand the key attributes that make a business advisor exceptional. We explore five…
Advivo shares the important things to know about getting the best end of staff gifts and celebrations this Christmas season. Christmastime always comes with plenty of expenses that need to be dealt with, and as such, you should be looking at every way that you can keep your costs managed and your tax deductions…
Advivo explains the most effective strategies to approach tax planning. Effective tax planning minimises tax payable meaning you’re not paying more tax than you should be. Understanding the principles of tax planning and tax structuring is crucial for both individuals and businesses. First, let’s delve into the question: What exactly is tax planning? What is…
Originally Written: 15 Nov 2018 | Last Updated: 1 Aug 2023 Advivo Partner, Chris Morris, gives examples of how smart structuring can ensure the security of your business. At Advivo, we find when we start looking at structuring businesses for clients, there are two great drivers behind the discussion. These are: Tax minimisation; and Asset…
Advivo Accountants and Advisors explain the requirements of an FBT exempt vehicle… does yours measure up? Published: February, 2020 Updated: July, 2023 My ‘ute’ is FBT exempt right? Wrong. Well… not necessarily anyway. As business advisors in Brisbane, we often come across small business owners who have been told they should buy a…
Advivo’s Tax Accountants share their insights on what your tax planning should consider this financial year. With the ongoing pandemic and the devastating weather events, the 2022 financial year has undoubtedly been a challenging year for many businesses and their owners. Now more than ever, when it comes to 30 June, we recommend you speak…
Chris Morris explains Small Business Tax Concessions and how Advivo’s specialist tax advice could help you save money during your business’ key taxing points. There are several key taxing points throughout the business lifecycle where the amount of tax you can end up paying is highly dependent on the specialist tax advice you receive and…
2022-2023 Federal Budget Update Last night, Federal Treasurer Josh Frydenburg delivered the 2022-2023 budget. Amidst a mountain of government debt incurred over the past few years due to COVID, and in an environment of inflationary pressures, rising bond yields, wages pressure and interest rate pressure, it appears to be a financially responsible budget. It is…
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