News and Insights

Featured News and Insights from VCO

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.

Taxwise – For Individuals – April 2026

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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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Taxwise – For Business – April 2026

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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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Taxwise – For Business – February 2026

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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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Taxwise – For Business – November 2025

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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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Taxwise – For Business – September 2025

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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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Taxwise – For Individuals – September 2025

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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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Taxwise – For Business – June 2025

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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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Taxwise – For Individuals – May 2025

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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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Taxwise – For Business – May 2025

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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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Taxwise for Business – February 2025

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Posted in Tax & Advisory

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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Taxwise for Business – November 2024

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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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Am I Allowed to Withdraw Money From My Superfund?

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Posted in Superannuation, Audit & Assurance

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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Taxwise for Business – June 2024

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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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Division 293 Release Authority via SuperStream

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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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Taxwise – BUDGET EDITION – May 2024

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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 Expense?

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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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Taxwise for Business – May 2024

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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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Taxwise for Individuals – May 2024

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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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Taxwise Business – March 2024

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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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Main Residence CGT Exemption

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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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Death and Taxes

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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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Succession Planning

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Posted in Estate & Succession Planning

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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