Taxation Services
VBD Business, Tax & Wealth Advisers have helped hundreds of businesses and individuals navigate the complexity of federal and state reporting obligations.
Expert Tax Planning for your business
When it comes to taxes, forward planning is key in finding ways to effectively and legitimately reduce or defer your yearly income tax.
No one likes paying more tax than their fair share, but it’s important to understand that the ATO tax system will not be on your side if you fail to comply to their regulations and it will be too late to talk to your tax accountant after 30 June each year, that’s why effective tax planning is so important for businesses and individuals.
With our tax planning solutions, we will help you implement appropriate strategies to ensure you are doing all you can to minimise your tax bill at the end of the year. Call us now on (02) 4942 0200 to learn more about how we can help you.
Cover yourself with our Audit Protection Service
Audits, reviews and investigations are conducted by the ATO and other state and federal government agencies to ensure businesses' and taxpayer's comply with various tax and legislative requirements, including income, land and payroll tax, GST, workers' compensation, superannuation guarantee, compliance research and development grants.
The ATO and other tax audits can be expensive, and their frequency has been steadily increasing. To help protect you from the unforeseen cost of these audits, VBD offers audit insurance, that provides for the payment of professional fees incurred as a result of you or your business being selected for an audit, review, or investigation by the ATO or another government body.
The cost of being properly represented in these matters can be quite considerable, depending on the length of time involved. The Audit Protection Service provides a fixed, cost-effective solution to guard against these unbudgeted costs.
What is the Audit Protection Service?
VBD's Audit Protection Service is an audit insurance that provides for the payment of professional fees incurred as a result of you or your business being selected for an audit, review, or investigation by the ATO or another government body.
What audits, reviews and investigations are covered by this tax audit insurance?
- Income tax
- GST and activity statements
- Superannuation guarantee
- PAYG withholding
- Fringe benefits tax
- Payroll tax
- Land tax
- Stamp duty
- Work cover
- Self-managed superannuation funds
- And many other lodged returns
What costs are covered?
The policy covers all professional fees up to the prescribed limit (with no excess) when responding to or representing you in an audit, review, or investigation.
These include not only our fees, but also legal fees, bookkeeping fees and specialist professional adviser fees, such as quantity surveyors, valuers, and actuaries.
Who is covered?
All clients can take advantage of the Audit Protection Service. Different levels of cover are available for:
- Salary and wage earners
- Businesses or business groups with turnover under $100 million
- SMSF's
In most cases, individuals and family entities can be covered by the same policy that covers the business entity at no extra cost.
Is the cost deductible?
Yes, a tax deduction can be claimed.