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

Written on April 21, 2026.
Posted in TaxWise

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…

Taxwise – For Business – April 2026

Written on April 21, 2026.
Posted in TaxWise

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…

Strengthening Financial Integrity: AML/CTF Changes from 1 July 2026

Written on February 20, 2026.
Posted in AUSTRAC

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…

Taxwise – For Business – February 2026

Written on February 11, 2026.
Posted in TaxWise

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…

Taxwise – For Business – November 2025

Written on November 17, 2025.
Posted in TaxWise

IN THIS ISSUE This November, our special business edition of TaxWise outlines key upcoming tax and compliance changes for Australian small businesses – including the…

Motor Vehicle Fringe Benefit Tax (FBT) Refresher

Written on October 28, 2025.
Posted in FBT

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,…

Taxwise – For Business – September 2025

Written on September 16, 2025.
Posted in General

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…

Taxwise – For Individuals – September 2025

Written on September 16, 2025.
Posted in General

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…

Taxwise – For Business – June 2025

Written on June 20, 2025.
Posted in General

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…

Taxwise – For Individuals – May 2025

Written on May 9, 2025.
Posted in General

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…

Taxwise – For Business – May 2025

Written on May 9, 2025.
Posted in General

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…

Taxwise – Special Federal Budget 2025-26 Edition

Written on April 7, 2025.
Posted in Tax & Advisory

IN THIS ISSUE BUDGET OVERVIEW TAX HIGHLIGHTS Tax Measures for Individuals Medicare Levy Thresholds Cutting Student Debt Foreign Resident CGT Regime Tax Deductible…

Taxwise for Business – February 2025

Written on February 28, 2025.
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…

Taxwise for Business – November 2024

Written on November 15, 2024.
Posted in Tax & Advisory

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…

Taxwise – For Business – September 2024

Written on September 13, 2024.
Posted in General

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…

Taxwise – For Individuals – September 2024

Written on September 13, 2024.
Posted in General

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…

Am I Allowed to Withdraw Money From My Superfund?

Written on July 12, 2024.
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…

Watch Out for Cyber Criminals Masquerading as the ATO

Written on June 20, 2024.
Posted in General Compliance, General

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…

Taxwise for Business – June 2024

Written on June 13, 2024.
Posted in Tax & Advisory

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…

Division 293 Release Authority via SuperStream

Written on June 5, 2024.
Posted in Superannuation, Audit & Assurance

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…

Taxwise – BUDGET EDITION – May 2024

Written on May 27, 2024.
Posted in Tax & Advisory

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…

What Is A Travelling Expense?

Written on May 21, 2024.
Posted in Tax & Advisory

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…

Taxwise for Business – May 2024

Written on May 17, 2024.
Posted in Tax & Advisory

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…

Taxwise for Individuals – May 2024

Written on May 17, 2024.
Posted in Tax & Advisory

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…

Taxwise Business – March 2024

Written on March 15, 2024.
Posted in Tax & Advisory

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?…

Simplifying Rollovers Into and Out of Self-Managed Superfunds (SMSF) with SuperStream

Written on March 8, 2024.
Posted in Audit & Assurance

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…

Main Residence CGT Exemption

Written on February 23, 2024.
Posted in Tax & Advisory

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…

Death and Taxes

Written on February 16, 2024.
Posted in Tax & Advisory

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…

Valuing Your Business – Enterprise Value vs Equity Value

Written on February 9, 2024.
Posted in Business Advisory

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…

Succession Planning

Written on February 1, 2024.
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….