Stay informed with VCO's latest perspectives on accounting, tax, and business.
Our News and Insights section provides timely updates, expert analysis, and practical guidance to help you navigate the everchanging financial and regulatory landscape. Whether it’s key legislative changes, industry trends, or strategic advice, we share valuable knowledge to support your business and financial success.
IN THIS ISSUE This edition covers side hustles and hobbies turning into taxable income, helping you understand when activities become a business and what must…
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IN THIS ISSUE With Payday Super starting from 1 July, employers need to prepare now for more frequent super payments, cash‑flow impacts and the closure…
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Important Update for Clients: New AUSTRAC Requirements from 1 July 2026 From 1 July 2026, Australia’s anti‑money laundering and counter‑terrorism financing laws (AML/CTF laws), administered…
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IN THIS ISSUE The February 2026 edition of TaxWise Business outlines practical tax and compliance updates for business owners, including the $20,000 instant asset write‑off…
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IN THIS ISSUE This November, our special business edition of TaxWise outlines key upcoming tax and compliance changes for Australian small businesses – including the…
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What you need to know and the risks to monitor Motor vehicles are an audit risk The ATO actively data-matches motor registry records, insurance,…
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IN THIS ISSUE WHAT’S NEW? Income tax thresholds/amounts Instant asset write-off TAX TIME Lodging a tax return Non-commercial loss rules Personal services income Company tax…
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IN THIS ISSUE WHAT’S NEW Income tax thresholds/amounts GPD adjustment for 2025-26 Instant asset write-off Medicare levy surcharge and private health insurance HELP and other…
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IN THIS ISSUE YEAR END TAX TIPS How To Reduce Your Bills Small Business Instant Asset Write-Off Division 7A Issues Bad Debts Trustee Resolutions Family…
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IN THIS ISSUE WHAT’S NEW? Small Business Instant Asset Write Off Personal Income Tax Cuts Working from Home ELECTION PROPOSALS 20% Reduction on All Student…
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IN THIS ISSUE WHAT’S NEW? Small Business Instant Asset Write Off ELECTION PROPOSALS 20% Reduction on All Student Loans Standard Tax Deductions Personal Income Tax…
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IN THIS ISSUE BUDGET OVERVIEW TAX HIGHLIGHTS Tax Measures for Individuals Medicare Levy Thresholds Cutting Student Debt Foreign Resident CGT Regime Tax Deductible…
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IN THIS ISSUE WHAT’S BEEN HAPPENING IN PARLIAMENT? Instant Asset Write-Off – Small Business FROM THE ATO WEBSITE ATO Focus Areas for Small Business ATO…
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IN THIS ISSUE WHAT’S NEW? Depreciation for Small Businesses FROM THE ATO Are You a Small or Medium Business? Business Income and Expenses Hiring New…
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IN THIS ISSUE WHAT’S NEW? Tax Changes from 1 July 2024 It’s Tax Time Again! Tax Losses Personal Services Income Home Office Company Tax Rate…
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IN THIS ISSUE WHAT’S NEW Income Tax Rates Income Tax Thresholds/Amounts GDP Adjustment for 2024-25 Medicare Levy Surcharge and Private Health Insurance HELP and Other…
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In the realm of financial planning, understanding the rules and regulations surrounding retirement savings is crucial. One common query that often arises is whether individuals…
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The ATO is warning Australian Taxpayers to be on increased alert for tax scams. Cyber criminals are becoming more sophisticated with their scams. Don’t become…
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IN THIS ISSUE YEAR END TAX TIPS How to Reduce Your Tax Bill Trustee Resolutions WHAT’S IN THE LEGISLATIVE PIPELINE? Small Business Instant Asset Write…
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For individuals subject to Division 293 tax, requesting a release of funds from your Superfund for Division 293 payment requires coordination between the individuals, the…
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IN THIS ISSUE Key Tax & Superannuation Measures Business Income Tax Measure Small Business – $20,000 Instant Asset Write-off Extended Foreign Resident CGT Regime Rugby…
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What is a Travelling Expenses? According to the Australian Taxation Office (ATO), travelling expenses eligible for claim typically include accommodation, meals, and incidental expenses. The…
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IN THIS ISSUE FROM THE ATO Check Your PAYG Instalments Can You Claim the Small Business Skills and Training Boost? Starting a Franchise EV Home…
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IN THIS ISSUE STAGE 3 PERSONAL INCOME TAX CUTS REDESIGNED FROM THE ATO Is Your Business Eligible for Concessions? Check Your PAYG Instalments Claiming Working…
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IN THIS ISSUE WHAT HAS THE GOVERNMENT BEEN UP TO? Stage 3 Income Tax Cuts Redesigned GST Amendments FROM THE ATO Employee of Independent Contractor?…
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In the realm of SMSFs, the ability to seamlessly process rollovers is paramount for trustees and members alike. With SuperStream, a government initiative aimed at…
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This article discusses the Capital Gains Tax (CGT) implications related to the sale of a dwelling, focusing on the main residence exemption. It highlights that…
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As the saying goes, nothing is certain in life except death and taxes, and when you are acting as Executor of a Deceased Estate there…
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This article is aimed at distinguishing the difference between the value of operating assets and the value of a business’ (or entity’s) equity. These terms…
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Business owners today have lots to think about and are finding their resources stretched, to keep up with the many regulatory requirements imposed on businesses….
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