Services
SECRETARIAL COMPLIANCE
VLP provides complete secretarial compliance services from the establishment of the legal entities until the wind-up.
Major services include:
- Establishment of business entities (Company, Trust / Partnership)
- Business name registration
- Establishment of Self -Managed Super Funds
- Establishment of Non-Profit organizations
- Change of company details including company name, registered office/business address, officeholders, and shareholders
We will also, take care of the registration of ABN, TFN, GST, PAYG Withholding, FBT, and Fuel Tax Credits.
BOOKKEEPING
It may be a small business with 10 transactions per month or a big business with 1,000 transactions per month, our bookkeeping team will take care of your bookkeeping work and make sure the books are up to date on time. Our team has good experience in the bookkeeping of most of the industries and they closely work with you to make sure that the outsourcing of the bookkeeping work will be managed smoothly without any additional hurdles for you.
Our bookkeeping services include:
- Bookkeeping
- Management Reporting
- Activity Statements – GST & PAYG
PAYROLL AND RELATED COMPLIANCE
Our team of payroll experts will manage all of your payroll and related compliances. We can handle the payroll for a small business entity with 1 employee up to a bigger organization having 1,000 employees. Our team has in-depth knowledge of payroll compliances and are experts in handling payroll queries from employees.
Our services include:
Payroll
- Weekly/Fortnightly/Monthly Payroll processing
- Single Touch Payroll Reporting
- Leave Management
- Employment termination payments
- Workers’ compensation.
- Payroll advice and consulting.
Superannuation
- Superannuation calculation and payments
- Superannuation on contractor payments
- Superannuation on Director Fee
- Super Guarantee Charge
- SG advice and consulting.
Payroll Tax – For all 8 states
- Monthly payroll tax returns
- Annual reconciliations
- Audit representation
Fringe Benefits Tax Return
- Review and preparation of FBT returns
- FBT Audit Representation
- Fringe Benefits Contributions
- FBT advice and consulting
- Salary packaging.
TAX COMPLIANCE
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Our team of accountants can assist you with the preparation of the financial statement and the tax return including lodgement with ATO. The tax return can be simple like an individual tax return with only salary income or preparation of financials and tax returns for multiple business entities such as individuals, companies, trusts, partnerships, and SMSF.
Our services include:
- Financial Statements
- Individual Tax Returns
- Company Tax Returns
- Trust Tax Returns
- Partnership Tax Returns
- Tax Planning & Compliance
SUPERANNUATION ADVICE & COMPLIANCE
Many Australians are showing interest to establish SMSF. There are many factors need to be considered and evaluated before deciding if the establishment of SMSF is beneficial for you. Our SMSF experts will review your present circumstances and future expectations and guide you to take an appropriate decision. Based on your decision, we will establish the SMSF and will handle the ongoing SMSF administration and tax compliances.
Our team has excellent knowledge of SMSF compliance and is capable to handle the complex issues in SMSF and make sure your SMSF will be compliant all the time.
Our service include:
Superannuation advice and compliance including the following
- Contributions – Eligibility, cap, and tax deductibility
- Pension Payments – Eligibility, Cap, and Exempt Current Pension Income (ECPI)
- Administration – Investment Strategy, trustee minutes, and working papers
- Assistance with ATO audits
- SMSF Health check – Review of financials and documentation, identifying the issues or breach of legislation, recommendations on remedial action, and also assistance to trustees, ensuring future compliance.
Monthly/Quarterly bookkeeping and filing of Activity Statements
Annual accounting and Tax Return filing
CRYPTO CURRENCY TAXATION
Are you paying or accepting your payments in cryptocurrency? Are you a crypto trader?
Our team of accountants are having in-depth knowledge and experience in cryptocurrency taxation. So whether you have coins in Coinspot, Independent Reserve, Swyftx, Binance, or any other exchange or you have in a hardware wallet, we know how to treat the same for tax. We believe in automation. Through automation, crypto investment taxation will be simpler and cost-effective for you. We will guide you, we will help you and we will make sure your crypto tax compliances are properly taken care of.
RESEARCH & DEVELOPMENT (R&D) TAX INCENTIVES
The R&D Tax Incentive is a business assistance program administered by the Australian Government to encourage and support businesses to undertake R&D activities. VLP can help you to access the R&D tax incentives by:
- Identifying eligible R&D activities
- Evaluating the eligibility of R&D activities for R&D Tax incentive
- Reviewing R&D expenditure
- Calculation and claiming of R&D tax incentive tax offset