Vision Accounting Solutions

25/03/2026

Important reminder ⚠️

The Medicare Levy Surcharge (MLS) may apply if your income exceeds the threshold and you don’t have appropriate private hospital cover.

If you have a spouse or dependent children, everyone in the family must be covered to avoid the surcharge — not just one person.

12/03/2026

Company Directors 🚨

Be Aware of Director Penalty Notices (DPN).

If your company has unpaid PAYGW, GST or Super, the ATO can issue a DPN which may make directors personally liable for the debt.

Acting early is key. If your business has an ATO debt, speak to our team about payment plans and restructuring options.

09/03/2026

🚨 Important update for our clients

From 1 July 2026, new Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) laws will come into effect in Australia.

As part of these changes, we may need to collect additional identification or documentation from clients to meet new compliance requirements.

We’ll keep you informed as we prepare for these changes and appreciate your cooperation.

If you have any questions, please reach out to our team.

06/03/2026

Cancelling or reducing your private health insurance may increase your tax at tax time.

You may need to pay the Medicare levy surcharge (MLS) if your income for surcharge purposes is above the threshold, and you don’t have an appropriate amount of health cover.

The income used to work out if you are liable for MLS isn’t just your taxable income, it also includes:

• certain salary sacrifice amounts
• reportable Fringe Benefits
• net investment losses
• certain super contributions
• your partner’s income for surcharge purposes.

Depending on how much you earn, that could be an extra 1%–1.5% of your taxable income.

23/02/2026

22/12/2025

Merry Christmas from all of us at Vision Accounting Solutions 🎄✨

Wishing you a safe and joyful festive season.

We look forward to working with you in 2026.

22/12/2025

As the festive season arrives, our office is now closed while our team enjoys a well-earned Christmas and New Year break.

The Vision Accounting Solutions office will reopen at 8:30am Thursday 8 January 2026.

For urgent matters during this time, please email your direct Vision Accounting Solutions contact or [email protected]. We will respond as promptly as possible.

The team at Vision Accounting Solutions would like to sincerely thank you for your continued support throughout 2025. We wish you a joyful, safe, and relaxing Christmas and New Year, and we look forward to working with you again in 2026 🎄✨

Warm regards,
The Team at Vision Accounting Solutions

11/11/2025