Aussie investors have long had a passion for property investment, but it’s also become a key focus for the ATO when it comes to spotting errors in tax returns. The ATO estimates it’s missing out on around $9 billion in unpaid taxes by property investors and it’s planning a major crackdown over the next three years on…

Take a sec to check Scammers aim to take advantage of weak security and plan on you being distracted with everyday life. To keep yourself safe: Stop – Don’t share your personal information such as your myGov sign in details, Tax File Number (TFN), or bank account details, with anyone unless you trust the person and…

When you’ve poured your energy into building a business from the ground up – celebrating milestones, weathering challenges, and investing personal time and money – it’s easy to feel like the company is an extension of yourself. After all, it probably reflects your values, your efforts, and your long-term goals. That’s why moments of overlap…

With a new financial year underway, now’s the time for small business employers to check they’re across the latest changes to super obligations – from Superannuation Guarantee (SG) increases to updated balance contribution caps. Here’s a brief roundup of the super changes you need to be aware of from 1 July 2025. SG rate rises…

There are always lots of tax-related tasks to complete every EOFY, but as we move into the upcoming financial year, it is also worth getting to grips with new tax changes the Government’s election promises will usher in on 1 July, which we’ve outlined below. New 2025-2026 tax changes During the election campaign, the Labor…

Important: We’ve Updated Our Terms of Business. At VBD, we are committed to providing our customers with the highest standard of service and transparency. As part of this commitment, we have recently updated our Terms of Business to reflect changes in legislation and advancements in technology, including enhanced measures to address cyber security. We encourage…

Tax by Choice, Not by Chance. Why Blue-Collar Businesses in Newcastle Must Act Now When it comes to tax, there are two types of business owners: those who react and those who plan. If you’re running a blue-collar business in Newcastle-whether you’re a builder, electrician, concreter, or part of a trades-based team-you know how quickly…

Pandemic-era leniency is a thing of the past and the regulator is warning small and medium enterprises (SMEs) it is keeping an eye on them. Information is now published quarterly on the ATO’s SME focus areas webpage. The focus areas currently include – deductions and concessions, personal use of business income, operating outside the system…

From 1 July 2025, businesses and individuals will no longer be able to claim a tax deduction for interest charges imposed by the Australian Taxation Office (ATO). This change is now law and applies to two main types of ATO interest: the General Interest Charge (GIC) and the Shortfall Interest Charge (SIC). The new rules…

Cutting costs is arguably the quickest and easiest way to improve the profitability of your business. Introducing a cost-control system can bring immediate savings and ensure that you remain competitive in the longer term. Systematic cost control Start by identifying your major cost centres. These may be purchasing, production, sales and marketing, finance and administration.…