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VLL Partners

North Sydney accountants with 40+ years’ tax expertise, hands-on service, and bottom-line results.

Trusted by businesses across Sydney for tax planning, year-end compliance, asset protection & business structuring.

28/05/2026

🌟 Over 20 years of trusted support for both business and family finances.

We’re proud to share this 5-star review from Fern, whose medical practice has been supported by the VLL Partners team for more than two decades:

“𝘝𝘓𝘓 𝘩𝘢𝘴 𝘣𝘦𝘦𝘯 𝘰𝘶𝘳 𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴 𝘢𝘯𝘥 𝘧𝘢𝘮𝘪𝘭𝘺 𝘢𝘤𝘤𝘰𝘶𝘯𝘵𝘢𝘯𝘵 𝘧𝘰𝘳 𝘰𝘷𝘦𝘳 20 𝘺𝘦𝘢𝘳𝘴. 𝘛𝘩𝘢𝘯𝘬 𝘺𝘰𝘶 𝘧𝘰𝘳 𝘣𝘦𝘪𝘯𝘨 𝘱𝘳𝘰𝘧𝘦𝘴𝘴𝘪𝘰𝘯𝘢𝘭, 𝘢𝘱𝘱𝘳𝘰𝘢𝘤𝘩𝘢𝘣𝘭𝘦, 𝘢𝘯𝘥 𝘢𝘭𝘸𝘢𝘺𝘴 𝘢𝘷𝘢𝘪𝘭𝘢𝘣𝘭𝘦. 𝘖𝘶𝘳 𝘮𝘦𝘥𝘪𝘤𝘢𝘭 𝘱𝘳𝘢𝘤𝘵𝘪𝘤𝘦 𝘳𝘶𝘯𝘴 𝘴𝘮𝘰𝘰𝘵𝘩𝘭𝘺 𝘸𝘪𝘵𝘩 𝘺𝘰𝘶𝘳 𝘨𝘶𝘪𝘥𝘢𝘯𝘤𝘦 𝘢𝘯𝘥 𝘢𝘥𝘷𝘪𝘤𝘦.” — Fern M.

At VLL Partners, long-term relationships are built on trust, accessibility, and clear advice that helps businesses operate with confidence.

Thank you, Fern, for your continued trust over the past 20 years.

26/05/2026

𝗖𝗵𝗮𝗻𝗴𝗲𝘀 𝘁𝗼 𝘆𝗼𝘂𝗿 𝗣𝗔𝗬𝗚 𝘄𝗶𝘁𝗵𝗵𝗼𝗹𝗱𝗶𝗻𝗴 𝗰𝘆𝗰𝗹𝗲 𝗳𝗿𝗼𝗺 𝟭 𝗝𝘂𝗹𝘆

The ATO reviews employer PAYG withholding each year — and from 1 July 2026, your reporting and payment cycle may change.

This depends on how much PAYG tax your business withholds from employee wages each year.

If your withholding amounts have increased, your business could move to:

📌 Monthly reporting and payments
(for businesses withholding between $25,000 and $1 million per year)

📌 More frequent payments (within 6–8 days of payroll)
(for businesses withholding more than $1 million per year)

If your cycle changes, it’s important to:

✔ Update your payroll software before 1 July
✔ Align your payment processes with new deadlines
✔ Ensure amounts reported through STP match payments made

📩 The ATO will notify you if your cycle is changing.

📌 If you receive a notice, reviewing your payroll processes early can help avoid errors and ensure compliance. VLL Partners can assist with reviewing your payroll setup and ensuring your obligations are met.

21/05/2026

𝗙𝗶𝘃𝗲 𝗣𝗼𝗱𝗰𝗮𝘀𝘁𝘀 𝗼𝘂𝗿 𝘁𝗲𝗮𝗺 𝗮𝘁 𝗩𝗟𝗟 𝗣𝗮𝗿𝘁𝗻𝗲𝗿𝘀 𝗼𝗳𝘁𝗲𝗻 𝗿𝗲𝗰𝗼𝗺𝗺𝗲𝗻𝗱𝘀 𝘁𝗼 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗼𝘄𝗻𝗲𝗿𝘀 🎧

Today, we want to share a few podcasts we regularly recommend to clients.

These are the kinds of conversations many business owners already have in the background — in the car, between meetings, or during a break in the day.

The ones below stand out for the way they challenge thinking and provide practical insight into leadership, strategy and business growth.

🎧 The Diary of a CEO — Steven Bartlett
Explores decision-making, leadership and the mindset behind building and scaling a business.

🎧 Acquired — Ben Gilbert & David Rosenthal
Deep dives into how successful companies are built, scaled and valued over time.

🎧 HBR IdeaCast — Harvard Business Review
Short, structured insights on leadership, management and strategy from global experts.

🎧 The Tim Ferriss Show
Focuses on systems, habits and optimisation from high-performing individuals across industries.

🎧 The Australian Finance Podcast
Covers investing, tax and financial literacy with a practical lens for Australian business owners.

📌 Strong businesses are built on good decisions, good systems and continuous learning.

💬 What podcasts have influenced the way you think about your business?

19/05/2026

𝗧𝗿𝘂𝘀𝘁 𝗱𝗶𝘀𝘁𝗿𝗶𝗯𝘂𝘁𝗶𝗼𝗻 𝗽𝗹𝗮𝗻𝗻𝗶𝗻𝗴 𝘀𝗵𝗼𝘂𝗹𝗱 𝗻𝗼𝘁 𝘀𝘁𝗮𝗿𝘁 𝗶𝗻 𝗝𝘂𝗻𝗲.

Here’s a common scenario:

🏬 A business generates around $800,000 through a family trust.
📅 Late June arrives, and it’s time to finalise distributions.
👩‍💼 The spouse is selected as the beneficiary due to their lower income.

Seems like a sensible decision. However, one detail was missed:

The spouse had already realised a capital gain earlier in the year, pushing their total income higher than expected.

At the same time, an existing bucket company wasn’t used.

The result?
❗️More tax paid than necessary
❗️A missed opportunity to use the structure effectively

This is what often happens when decisions are made late, without a full picture.

📌 Effective trust distribution planning means understanding each beneficiary’s full tax position and planning ahead — not reacting in June.

Appointments are now open for business owners who want to review their trust distributions before year-end and ensure their structure is working as intended.

14/05/2026

𝗪𝗵𝗮𝘁 𝗱𝗼 𝗦𝗠𝗦𝗙 𝗺𝗲𝗺𝗯𝗲𝗿𝘀 𝗻𝗲𝗲𝗱 𝘁𝗼 𝗱𝗼 𝗯𝗲𝗳𝗼𝗿𝗲 𝗗𝗶𝘃𝗶𝘀𝗶𝗼𝗻 𝟮𝟵𝟲 𝘁𝗮𝗸𝗲𝘀 𝗲𝗳𝗳𝗲𝗰𝘁?

From 1 July 2026, Division 296 will introduce an additional tax on super earnings for individuals with balances above $3 million.

For SMSF members, the impact often comes down to the decisions made before the changes begin.

This is especially relevant if your fund holds property, business interests, or other less liquid assets.

📌 We’re seeing growing uncertainty around:

• Whether Division 296 will apply based on total super balance
• How the CGT cost-base election works
• How asset valuations and fund structures may affect future tax

The decisions made before 30 June 2026 could have a lasting impact on tax outcomes, cash flow and long-term wealth strategy.

📌 In this article, Director Patrick Chapman outlines what to consider and how to prepare.

📕 Read the full article: https://buff.ly/Uhia5wI

11/05/2026

𝗜𝘀 𝗮𝗻 𝗦𝗠𝗦𝗙 𝘀𝘁𝗶𝗹𝗹 𝘄𝗼𝗿𝘁𝗵 𝗶𝘁 𝘂𝗻𝗱𝗲𝗿 𝗗𝗶𝘃𝗶𝘀𝗶𝗼𝗻 𝟮𝟵𝟲?

An SMSF can still be worth it under Division 296, but it depends on your position.

From 1 July 2026, the new rules will introduce an additional tax for individuals with super balances above $3 million.

If your balance is below that threshold, the impact is likely to be limited in the near term.

For those above it, the focus shifts to how your fund is structured, how assets are valued, and how decisions are timed.

SMSFs can still provide:

📌 Control over investment decisions
📌 Flexibility in structuring assets
📌 Estate planning advantages

The key is not to make decisions based on policy changes alone, but to understand how they apply to your broader financial strategy.

Appointments are open for clients who would like to review their super fund and understand the potential impact of Division 296. Book a consultation on our website.

07/05/2026

𝗖𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲 𝗯𝗲𝗻𝗲𝗳𝗶𝗰𝗶𝗮𝗿𝗶𝗲𝘀 𝗰𝗮𝗻 𝗰𝗿𝗲𝗮𝘁𝗲 𝘁𝗮𝘅 𝗿𝗶𝘀𝗸𝘀 𝗶𝗳 𝗻𝗼𝘁 𝗺𝗮𝗻𝗮𝗴𝗲𝗱 𝗰𝗮𝗿𝗲𝗳𝘂𝗹𝗹𝘆.

Bucket companies are commonly used in trust structures to improve flexibility and manage tax outcomes.

But problems often arise when trust distributions are recorded — and not actually paid.

This creates what’s known as an Unpaid Present Entitlement (UPE).

Depending on how it’s handled, it may be treated as a loan under Division 7A.

That can lead to:
⚠ Deemed dividends
⚠ Additional tax liabilities
⚠ Ongoing compliance issues

The challenge is that these risks often go unnoticed until years later, typically when structures are reviewed or changes are made.

📌 Corporate beneficiaries can be effective, but they require ongoing monitoring and the right documentation.

05/05/2026

📌 𝗞𝗲𝘆 𝗔𝗧𝗢 𝗗𝗲𝗮𝗱𝗹𝗶𝗻𝗲𝘀 – 𝗠𝗮𝘆 𝟮𝟬𝟮𝟲

May is one of the busiest compliance months of the year — particularly for tax returns, FBT and super obligations.

𝟭𝟱 𝗠𝗮𝘆
✔️ Lodge 2025 tax returns for remaining entities not due earlier (including consolidated groups not eligible for the 5 June concession).
✔️ Pay any tax due for companies and super funds.

📌 Individuals and trusts pay as advised on their notice of assessment.

𝟮𝟭 𝗠𝗮𝘆
✔️ Lodge & pay your April 2026 monthly BAS or IAS.
✔️ Final date to add new FBT clients to ensure lodgment and payment concessions apply.
✔️ Lodge & pay your Fringe Benefits Tax annual return (paper lodgers).

𝟮𝟲 𝗠𝗮𝘆
✔️ Lodge & pay eligible Q3 2025–26 activity statements (electronic lodgers).

𝟮𝟴 𝗠𝗮𝘆
✔️ Lodge & pay Q3 2025–26 Superannuation Guarantee Charge (if super was underpaid or paid late).

⚠️ Late super contributions may reduce the shortfall, but interest and administration charges will still apply.

With multiple deadlines across tax, FBT and super, early preparation makes all the difference.

👉 Follow VLL Partners for timely compliance reminders and practical insights.

29/04/2026

🌟 Over 15 years of partnership built on trusted advice.

We’re proud to share this 5-star review from Lyonel, who has been working with the VLL Partners team for more than 15 years:

“𝘞𝘦 𝘩𝘢𝘷𝘦 𝘣𝘦𝘦𝘯 𝘸𝘰𝘳𝘬𝘪𝘯𝘨 𝘸𝘪𝘵𝘩 𝘝𝘓𝘓 𝘧𝘰𝘳 𝘰𝘷𝘦𝘳 15 𝘺𝘦𝘢𝘳𝘴, 𝘢𝘯𝘥 𝘵𝘩𝘦𝘪𝘳 𝘱𝘳𝘰𝘧𝘦𝘴𝘴𝘪𝘰𝘯𝘢𝘭𝘪𝘴𝘮 𝘢𝘯𝘥 𝘨𝘳𝘦𝘢𝘵 𝘢𝘥𝘷𝘪𝘤𝘦𝘴 𝘸𝘦𝘳𝘦 𝘢 𝘨𝘢𝘮𝘦 𝘤𝘩𝘢𝘯𝘨𝘦𝘳 𝘧𝘰𝘳 𝘶𝘴. 𝘞𝘦 𝘸𝘰𝘶𝘭𝘥 𝘳𝘦𝘤𝘰𝘮𝘮𝘦𝘯𝘥 𝘝𝘓𝘓 𝘵𝘰 𝘢𝘯𝘺𝘰𝘯𝘦 𝘭𝘰𝘰𝘬𝘪𝘯𝘨 𝘧𝘰𝘳 𝘢 𝘨𝘳𝘦𝘢𝘵 𝘢𝘤𝘤𝘰𝘶𝘯𝘵𝘪𝘯𝘨 𝘧𝘪𝘳𝘮.” — Lyonel F.

At VLL Partners, long-term relationships are built on clear advice, professionalism, and a genuine commitment to helping businesses grow and succeed.

Thank you, Lyonel, for your trust and continued partnership.

28/04/2026

𝗗𝗶𝘃𝗶𝘀𝗶𝗼𝗻 𝟳𝗔 𝗰𝗮𝗻 𝘁𝘂𝗿𝗻 𝗲𝘃𝗲𝗻 𝘀𝗶𝗺𝗽𝗹𝗲 𝘁𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻𝘀 𝗶𝗻𝘁𝗼 𝘁𝗮𝘅𝗮𝗯𝗹𝗲 𝗶𝗻𝗰𝗼𝗺𝗲.

What looks like a routine movement of money within your business can have unexpected tax consequences if the rules aren’t followed.

In many cases, these amounts can be treated as unfranked dividends — meaning personal tax may apply.

The challenge is that many of the triggers are not obvious.

They often arise in day-to-day transactions as businesses grow and cash flow becomes more complex.

Swipe through to learn:

➡ What Division 7A is
➡ When it is triggered
➡ Why it catches business owners off guard
➡ Practical steps to reduce your risk

Want to go deeper?
📕 Read our blog: What Is Division 7A, and Why Do Business Owners Need to Know? https://buff.ly/iYlTZ2g

Address

Suite 1, Level 1, 170 Pacific Highway
North Sydney, NSW
2065

Opening Hours

Monday	9am - 5pm
Tuesday	9am - 5pm
Wednesday	9am - 5pm
Thursday	9am - 5pm
Friday	9am - 5pm

Telephone

+61299649633

Website

http://www.vllpartners.com.au/

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