Our Services

 

Business Advisory

Planning for your future starts with great advice and a team you can trust. VLL Partners can bring to your boardroom over 100 years of collective "partner' experience in helping businesses grow, increase profitability, plan for the future, implement change, and manage the ever increasing complexity of business and taxation affairs.

  • Having the right business structure is imperative. The process of determining which structure is the most appropriate is a complex undertaking, and involves a consideration of asset protection, tax minimisation, and succession planning strategies, to name just a few.

    We can assist you in establishing the most appropriate structure for your business if you are just starting out, or by reviewing and restructuring and existing structure that is no longer satisfactory.

  • We can assist you in making the transition out of your business as smooth as possible, and in the past have assisted our clients with:

    • Valuing their business for sale, negotiating with prospective purchasers and generally assisting in all stages of the business sale process

    • Schemes to retain and reward key staff

    • Estate planning

    • Tax effective intergenerational transfers of wealth

  • We have helped many clients who have sought to acquire a business. We can assist by undertaking a due diligence exercise to determine if the price being asked is fair, negotiate terms with the vendor, and advise on how best to structure the acquisition.

    We have also undertaken business valuations in relation to Family Law matters, and director and shareholder disputes.

  • A self-managed superannuation fund (SMSF) provides the opportunity for members to take control over their retirement investments, and are becoming a popular choice for many small business owners.

    The services we provide to our self-managed superannuation fund clients include:

    • SMSF establishment

    • Preparation of financial statements

    • Preparation and lodgement of income tax return

    • Audit of your SMSF

    • Tax planning strategies around the concessional stamp duty, income tax and capital gains tax rates available to SMSF

    • Preparation of all regulatory documentation, including the commencement of a pension.

    • Estate Planning strategies within the SMSF framework.

Taxation

VLL Partners provides up to date advice in what is a constantly changing and challenging environment. Our team of highly qualified accountants remain on top of legislative change by undertaking regular training to ensure we can continue to provide our clients with the highest level of service.

It is this commitment to embracing the challenge of keeping up to date with a fast changing tax legislation that enables us to ensure that your current and future tax liabilities are minimised.

  • Our GST services range from assisting clients in filing their BAS, through to advice on the often complex GST implications involving buying and selling property, dealing with GST issues for property developers, and selling assets or your business as a going concern.

  • Capital Gains Tax is often the single largest tax liability faced by a business owner, so when you are looking to sell your business or any other investment assets you want to ensure that you can reduce this tax as much as possible.

    At VLL Partners we continually review your CGT exposure, and as your business grows and changes or your personal circumstances change, we review and update your business structure and our tax planning advice, to ensure you keep as much of the sale proceeds as possible.

  • Tax Planning Services involve reviewing the business accounts at a point prior to 30 June to assist our clients in forecasting their likely tax liability for the year. The objective of this exercise is to avoid unpleasant surprises, and assist in developing strategies to minimise your upcoming tax liability.

  • We assist our clients in dealing directly with the ATO on their behalf in the following areas:

    • Negotiating debt repayment arrangements

    • ATO initiated audits

    • Obtaining Private Rulings on more complex tax affairs

  • We also provide advice and assistance in helping you understand your obligations and commitments with the following taxes at both State and Federal level:

    • Land Tax

    • Stamp Duty

    • Payroll Tax

    • Fringe Benefits Tax

    • Luxury Car Tax

    • Wine Equalisation Tax

Financial Accounting

Financial statements provide an important historical record of how a business has performed, and while this information is essential to accurately capture and record, for many accounting practices providing a set of financial statements and tax returns to a client is often where the service ends.

At VLL Partners our focus is on 'being an integral part of your business'. We take the time, and make the commitment to understand your business, your business objectives, and your aspirations for the future, to help you to achieve your goals in life.

  • At VLL Partners we prepare financial statements and tax returns for the following types of business:

    • Companies

    • Trusts

    • Partnerships

    • Sole Traders

    • Self-Managed Superannuation Funds

    • Associations

  • Planning and strategising for future growth requires a strong foundation. Fundamental to this is the ability to analyse and understand how your business will cope with change. We can assist you by:

    • Preparing cash flow and profit projections

    • Preparing budgets and business plans

    • Helping you identify and monitor your vital business KPI's

    • Identifying industry benchmarks and measuring your business's performance against them

    • Advising on asset funding

  • Cloud accounting allows users to access the data in their accounting software using the internet. Your accounting information in stored remotely, is updated in real time, and accessed from any computer, anywhere. For the business owner this means you, and your advisor, have instant access to your financial records.

    VLL Partners can assist you in transitioning to the Cloud by helping you with:

    • Identifying the most appropriate cloud based accounting system for your business

    • Migrating your existing accounting and payroll functions

    • Software training

Specialty Services

VLL Partners can help you with a number of specialty tax services. If you don’t see what you need here, get in touch with us for a free consultation about how we could assist you.

  • IGAL is a leading international business network of lawyers and accountants.

    As a member of IGAL we have access to a global network of firms in who offer expert advice in all legal, financial, tax and insolvency matters. If you are looking to establish an overseas business we can put you in touch with the right people, first time.

    To find out more about IGAL, click here

  • The R&D Tax Incentive offers Australian companies a refundable tax offset of up to 45% for eligible research and development expenditure. We can assist you with:

    • Determining your eligibility

    • Registering for the R&D Tax Incentive Program

    • Maintaining the necessary records to document your R&D activiies

    • Completion and lodgement of your R&D Tax Schedule

  • The Export Market Development Grants Scheme provides financial assistance to Australian business exporting or looking to establish export markets for their goods and services. VLL Partners can advise you of your eligibility, and assist you in all stages of your Grants application.

Need to talk to us about your accounting needs?