Service Excellence Quality' representing VBLCO Accountants' commitment to high standards.

Service. Quality. Excellence.

At VBLCO Accountants, we offer comprehensive business consulting services, using our expertise to analyse financial data and provide strategic insights that empower clients to achieve sustainable growth and success.

Traditionally, accountants look at historical data – what you’ve done this past year.

We also look at your future, so we can advise you on the best business structures to achieve your goals.

If you’re seeking impartial, professional advice on existing or new business strategies, our consultancy service is here to support you. We provide guidance, and expert support to help you implement your plans and achieve your business goals.

Using our comprehensive business health check, we assess your current position and deliver clear, actionable, and realistic goals to help your business thrive. We understand the challenges of running a successful business, particularly for small to medium-sized enterprises that may lack the resources for dedicated decision-making support—this is where we step in.

With firsthand experience running our own business and working with a diverse range of clients across various industries, we bring valuable insights and expertise to the table. Our mission is to help you excel in your industry and realise the vision you had when you started your business.

Get in touch today for a consultation—one call could transform not just your business, but your future.

At VBLCO Accountants, we provide expert taxation services, offering tailored advice and comprehensive solutions to ensure compliance, optimise tax efficiency, and support your financial growth.

We offer a full range of taxation services designed to meet the unique needs of both individuals and businesses. We specialise in tax compliance, ensuring your financial information is accurately prepared, lodged, and presented to relevant authorities in accordance with Australian tax regulations. We take the complexity out of the process, offering clear communication and practical advice without unnecessary jargon.

Whether you need assistance with tax returns, business activity statements (BAS), or corporate tax compliance, we are here to support you every step of the way.

In addition to compliance, we focus on proactive tax planning to help you optimise your financial and tax position. We work closely with you to develop tailored strategies that align with your business goals and personal objectives. By providing year-round guidance, we help you stay ahead of changes in tax laws, avoid penalties, and uncover opportunities for growth and savings. At VBLCO Accountants, we are committed to simplifying taxation and providing the tools and expertise you need to focus on what matters most—building a successful future.

We offer the following services:

Business structuring
Tax Planning
ATO Private Rulings
Preparation of Tax Returns
Capital Gains Tax Advice
Small Business CGT Concessions
GST and BAS
Fringe Benefits Tax & Salary Packaging
Payroll Tax
Superannuation Guarantee Charge

What is a Self-Managed Superannuation Fund (SMSF)?

A Self-Managed Superannuation Fund (SMSF) is a trust structure established through a trust deed, designed to give individuals complete control over their retirement savings. Essentially, it functions as your own personal super fund. As a trustee of the SMSF, you are responsible for managing and controlling the fund. Furthermore, as a trustee you will be responsible for regulatory compliance and ensuring the operation of the SMSF does not contravene any rules or regulations.

Why Choose an SMSF?

An SMSF provides unparalleled control over how your superannuation is managed and invested, which is why it’s a popular choice for Australians. As a trustee, you have the flexibility to invest in assets that you understand and trust, whether it’s shares, property, or a mix of both. This level of autonomy and transparency is a key attraction for individuals looking to take charge of their financial future. Over 1 million Australians have already transitioned from retail or industry super funds to SMSFs, leveraging the control and flexibility these funds offer. If you value having a direct say in your retirement investments, now could be the right time to make the switch.

At VBLCO Accountants, we offer comprehensive SMSF services to guide you through every step of the process. From setting up the fund to managing annual financial statements, tax return preparation, and compliance administration we ensure your SMSF operates efficiently and in accordance with all regulatory requirements. Take charge of your retirement with confidence— start your SMSF journey today!

Benefits and Obligations

1. Control

Within the constraints of the investment policy of the specific funds the trustee choose how retirement savings are invested and have total control of the management of the fund.

2. Tax Effective

An SMSF may offer the fund owner the opportunity to take advantage of more flexible tax planning as well as more effective estate planning. There is a greater ability to manage franking credits to offset tax on contributions, earnings and capital gains.

3. Investment Choice

An SMSF provides greater investment choice and opens up opportunities for investment in direct shares, wholesale managed funds and business real property.

4. Estate Planning

SMSFs provide greater planning control and alternatives. The structure of the SMSFs can allow family members to accumulate wealth, provide retirement incomes, and pass assets between generations in an efficient manner and without undesirable taxation consequences.

What We Offer

SMSF Set-Up Advice
SMSF Administration
Pension Strategies
Contribution Strategies
ATO Compliance
Withdrawal/ Recontribution Strategies
Limited Recourse Borrowing Strategies
Year-end Accounts
Financial Statements

5. Timing

An SMSF provides greater control over the timing of asset sales and selection.

6. In specie contributions

An SMSF has the ability to make in-specie contributions. For example it allows you to transfer assets, such as managed fund and listed shares into superannuation without selling the underlying investment.

7. Non-compliance Risk

There is a risk of non-compliance due to a lack of knowledge of the Superannuation Industry (Supervision) Act 1993 (SIS). If a fund falls into non-compliant status, it can be taxed at the highest marginal tax rate.

8. Responsibilities

Administration of the fund requires considerable personal involvement of the members to make it cost effective. The trustees have responsibility to ensure the fund continues to comply with the terms of the trust deed and relevant legislation.

Trusts are a favoured structure in Australia for carrying on a business or an investment activity primarily due to their flexibility, as well as the asset protection and taxation advantages they offer (although a trust may arise in many different situations, such as on death, or even being deemed to come into existence by a Court).

A trust is not a separate legal entity but is, instead, a relationship where a person (the trustee) is under an obligation to hold property for the benefit of other persons (the beneficiaries).

Therefore, as a general rule:

The trustee is the legal owner of the trust property (e.g., the trustee is the registered owner on a land title); and
The beneficiaries hold the beneficial interest in the trust property.

Other persons are also likely to have a role in the creation, or ongoing administration, of the trust.

Key Points

Getting trust structures right – the first time!
Who should take on the key roles in a trust, such as Settlor, Trustee, Directors and Shareholders of a Corporate Trustee?
Who should be the appointor? The role of appointor should be carefully considered when the trust is first established.

Although the trustee controls the assets of the trust and the distribution of income, the real power and control of the trust generally lies with the appointor. This is because they have the power to remove and appoint the trustee, which accordingly provides them with ultimate ‘control’ of the Structuring with trusts. When drafting the trust deed, extreme care must be taken when choosing who should be the appointor of a discretionary trust.