Vision Consulting Group, Melbourne, VIC Videos

🚨 Tax Deadline Alert: Don’t wait — get your documents in and stay ahead of the rush. ⏳ Make sure your lodgments are up to date to avoid any interest or penalties. We’re here to help if you’re facing any issues or have questions. KEY TAX DATES 21 October 2024: - GST – Monthly Activity Statement and payment for September 2024 - PAYG withheld – Monthly activity statement and payment for September 2024 - PAYG instalment – Activity Statement and payment for monthly reporters for September 2024 - Annual PAYG instalment – Payment of annual PAYG instalment for 2023–24 (if instalment amount varied or the rate method to calculate the instalment is used) 28 October 2024: - GST – Quarterly Activity Statement and payment for the July to September 2024 quarter if you do not lodge with us - PAYG withheld, FBT instalment and PAYG instalment – Quarterly Activity Statement and payment for the July to September 2024 quarter if you do not lodge with us - Superannuation guarantee – Due date for superannuation guarantee contributions for July to September 2024 31 October 2024: - Income tax – Lodgment of 2023–24 ITR for individuals, trusts and partnerships if you do not lodge with us - GST – Lodgment of annual 2023–24 GST return for instalment payers who are required to lodge tax returns by 31 October 2024 - Companies – To provide distribution statements to shareholders for 2023–24 for most companies - Income tax – Due date for lodgment of 2023–24 ITR for an entity that has one or more prior year tax returns outstanding as at 30 June 2024 - SMSFs – Annual return for new registrant SMSF if the ATO has provided this due date #visionconsultinggroup #australia #melbourne #accounting #tax #business #financial #finance #management #advice #taxtime #2024tax #2024taxreturn #taxreturn #taxrefund

Thank you for your business in 2023. For business owners, the New Year is often the time of year when you reflect on where you are at and think about your business goals for the year ahead. These could be lofty goals, or even setting out a plan to achieve some more mundane (but equally important) projects. Whether that is getting paid faster, reassessing expenses, or bigger things like automation of processes and new markets. We are here to help you achieve your goals for your business and we look forward to working with you on a prosperous 2024. From your team at Vision Consulting Group #visionconsultinggroup #australia #melbourne #accounting #tax #business #financial #finance #management #advice #australiantax #happynewyear #2024

Vision Consulting Group joins Carlton in Business Our 1st business forum meeting held at the Prestigious Ikon Park Business Lounge was a huge success. We're creating valuable business connections to benefit our clients now and in the future. Just part of some of the things we do to ensure we stay well ahead of the game. 💯🙂 Reposting this video from @carltoninbusiness #visionsconsultinggroup #australia #melbourne #accounting #tax #business #financial #management #advice #clients #value

How well do you understand your revenue drivers? We can help you review the numbers in your business, identify your revenue drivers, and enhance your total revenue as a company. #businessadvice For your business to make money, you need to generate revenue. You produce revenue through your usual business activity, by making sales or getting your invoices paid. So, the better you are at selling your products/services and bringing money into the business, the higher your revenue levels will be. But what actually drives these revenue levels? And how do you get in control of these drivers? Knowing where your cash is coming from is more crucial than ever. Here are important areas to consider: 1. Revenue Channels - Do you create income from online sales and ecommerce, through retail sales in bricks and mortar stores, or through wholesales to other businesses? 2. Revenue streams – your total revenue will be made up of a number of different ‘streams’ So, you might be a coffee shop, whose revenue streams include coffee sales, cake and pastry sales and lunch sales. 3. Product/Service Split - The more you can dive into your metrics and find the most productive and adaptable products and services, the greater your ability is to provide constant and evolving revenue for the business. 4. Value vs volume - Is your revenue based on selling a high volume of products/services at low margin, or low volume at a high margin? By diversifying into new channels, new streams or new products/services you can aim to balance value and volume to create brand new sales – and higher revenue levels. If you want to boost revenue and increase your overall profitability, come and talk to us. We’ll review the numbers in your business, help you to understand your revenue drivers and will give you proactive advice on enhancing your total revenue as a company. Get in touch to kickstart your revenue generation @visionconsultinggroup #visionsconsultinggroup #australia #melbourne #accou

Wouldn’t it be great to have your best year ever, this year? Whether you want to grow your business or take more time for yourself, these goal-setting tips can help you achieve your long-term plans. 1. Think big! - What do you want from your life and how can your business help you achieve that? Think about next year and beyond. What does your business look like in five or 10 years? When you know what end point you’re aiming for, it’s easier to set goals that move you in the right direction. 2. Pick something you can measure - Vague goals aren’t as helpful as those you can measure and monitor. Think about what you already measure in your business and how you’d like to see those metrics change. For example: - A 3% increase in net profit year-on-year - A 2% reduction in expenses - 1 new customer per month - 4 weeks of holiday 3. Make a plan to achieve each goal - Once you’ve picked a few goals, come up with ways to achieve them. It could just be back-of-the-envelope thinking, or have a brainstorming session with your team or your advisers (give us a call!). When you have a plan in place, do your best to follow through and make it happen. 4. Keep monitoring your progress - Check in each month to see how you’re tracking with your goals. Set yourself reminders on your calendar or make it part of your invoicing cycle. If you’re not quite on track, you can make tweaks or come up with some fresh ideas to help you reach your targets. 5. Plan a celebration! - Give yourself a good reason to keep striving for your goals. It might be a long lunch, a trip to the movies, a manicure, or a beer advent calendar next December. Something you’ll enjoy that’s not going to blow the budget. Not sure what your goals should be or how to monitor them? We can show you where to find the information you need, how to check on it, or keep an eye on it for you. Our team also has some fantastic ideas for how to reach your goals and build your business – get in touch! #vi

Do you know your P&L from your balance sheet? If not, we’ll get your startup up to speed on all the basics of company accounting. #businessadvice #startup Getting your head around the basics of bookkeeping, accounting and good financial practice may not come naturally to all business owners. But the better you understand the numbers, the more control you'll have over your business and your decision-making. To get you started, here’s a rundown of some of the main financial terms and how they apply to the financial management of your startup. 1. Revenue and money coming into the business 2. Expenditure and money going out of the business 3. Profit and loss (P&L) 4. Cashflow statements and positive cashflow It takes time to pick up the financial jargon and accounting terms that will help you understand your accounts. But don’t despair: as your startup journey evolves you’ll gradually begin to get your head around the important numbers, metrics and reports. Other important finance terms to understand include turnover, assets, liabilities, balance sheet, working capital, funding, and credit score. If you’re planning for your business, please do get in touch with us at Vision Consulting Group Pty Ltd. We’ll help you set up the ideal accounting system, so you’re in complete control of your finances. #visionsconsultinggroup #australia #melbourne #accounting #tax #save #money #businessgoals #financial #thrive #management #control #returnoninvestment #profit #businessstrategy #advice #guidance #care #contact #revenue #expenditure #cashflow

Having that Eureka moment when you cook up a great new business idea is great. You’ll be full of ambition and eager to begin building your startup. But once you've had that initial rough idea, how do you assess and plan out your business idea to make sure that it has legs? Let us help you define the business purpose of your idea – and whether it can deliver a viable and profitable model. For a startup, the key thing is to define what your idea brings to the marketplace. This way, you know WHY you’re starting this venture and – crucially – whether it’s a viable business model. As the old saying goes, ‘Fail to plan, plan to fail’. So, putting time and effort into a well-thought-out business plan could well be the answer to your future prosperity. If you’re at the early stages of planning out your business idea, please do get in touch. We can help you test the viability of your business model and start the planning process. Talk to us about your startup plans @visionconsultinggroup #visionsconsultinggroup #australia #melbourne #accounting #tax #save #money #businessgoals #financial #thrive #management #control #profit #businessstrategy #advice #guidance #care #contact #businessadvice #startup #entrepreneur

Is a self-managed super fund something you’re thinking about? Learn about the responsibilities that come with being a trustee. #SMSF #retirementplanning It’s always a good idea to think about your retirement. Many people in Australia use a Super Fund to manage their retirement savings. But some people opt to do something a little different, and set up a self-managed super fund (SMSF). At a basic level, setting up an SMSF means creating a trust which has either individual or corporate trustees. These trustees manage the fund assets, and look after legal compliance, including auditing and reporting obligations. For people who are prepared to look after the legal and financial elements of running a fund, entering into an SMSF can mean more control over how funds are invested, over fees paid and over what insurance is taken out. Any SMSF must have the same purpose. That is, to provide retirement benefits for fund members and their dependants. Any decisions made by trustees must be in line with this aim. Using the funds of an SMSF for anything else isn’t just unethical but is actually illegal. An SMSF isn’t for: - Early access to superannuation - Investing in art or collectible for decorative purposes or personal use - Buying holiday homes Get in touch with us now so we can help you determine whether a self managed super fund might be right for you. #visionsconsultinggroup #australia #melbourne #accounting #tax #money #finance #financial #management #control #advice #guidance #care #contact #smsf #retirement #funds

Thinking about starting or changing a business? We'll make sure you have the appropriate tax structure and registrations all in place. We'll help you manage and plan for the relevant taxes your business will need to pay and we’ll claim the right tax concessions. In fact, we are known for providing advice in these areas! 😉 Different business structures pay taxes in different ways. Although there are many taxes that a business might be affected by, the main ones are goods and services tax, income tax, pay as you go withholding tax for employees, payroll tax and excise tax. Other taxes that a business could encounter are fringe benefits, capital gains, property, vehicle and other duties and levies administered by state or local governments. Once your business is registered for the relevant taxes, several are reported and paid as part of the monthly or quarterly activity statement. - GST is collected from customers and paid to suppliers, and you pay the difference between GST on sales and purchases. - PAYG Withholding for employees or suppliers that don’t provide an Australian Business Number. - PAYG Instalments contribute towards an expected income tax bill. - Other taxes paid on the BAS (if applicable) are fringe benefits instalments, fuel tax credits, wine equalisation tax and luxury car tax. Talk to us about adding or even sometimes cancelling tax registrations, concessions and planning for the various taxes your business will need to manage. Or even speak to us to review your current structure. Many a time we have found new clients coming on board stating that their old accountant did not even mention the various options! It can sometimes save you a lot of money. In fact, we will even guarantee if we are not able to save you money, the review is entirely FREE!!! #visionsconsultinggroup #australia #melbourne #accounting #tax #taxes #save #money #business #smallbusiness #financial #gst #capital #incometax #payg #property #reels #viral #learnmore

Do you understand your personal income tax, what you have to declare, and how much you can claim? We can help get your taxable income correct, maximise allowable deductions and get the best tax return. Tax is calculated on various forms of income, including: - Employment income includes wages, salary, allowances, bonus payments, termination payments, some lump sum payments, fringe benefits and superannuation contributions. - Government support includes all pension payments, allowances, carer support and COVID-19 support payments. Some government support, such as disaster recovery payments, are tax exempt. - Investment income includes interest paid by financial institutions, share dividends, rent from investment properties, managed investment trusts and capital gains from profit on selling assets. Cryptocurrency gains are also included. - Business income for sole traders is assessed as personal income, while business income for other entities such as companies is taxed separately to the individuals running the business entity. When preparing your tax return, we will include any allowable offsets, rebates or concessions that may apply to your situation to reduce your tax bill. We’ll also check that you’ve included all allowable deductions for your situation. DM us now at Vision Consulting Group #visionsconsultinggroup #australia #melbourne #accounting #tax #save #money #personal #individual #income #incometax #taxreturn #declare #claim #employment #investment #business #allowabledeductions #deductions

Want to make the most of your #superannuation in 2022? There are many #strategies you can use to grow your superannuation balance and make the most of available schemes. Contributing extra #funds to super is generally beneficial, but certain thresholds must be observed to avoid additional tax and some of the new rules that started on July 2022. Talk to us about the available #schemes and #tactics, and we can #help work out a customised plan for your situation to #increase your super balance and reap the #benefits of strategic super planning for 2022 and beyond. DM us now @visionconsultinggroup #visionsconsultinggroup #australia #melbourne #accounting #tax #save #money #business #financial #thrive #management #control #advice #guidance #care #contact #strategy #super #viral #reels #smallbusinessaustralia

🎉💸 Happy #New #Financial Year! 🎉💸 To all our amazing clients, we can’t thank you enough for all the support you showed us. May the upcoming year be filled with success and wealth. We are excited to have more rewarding moments to share with you. 😊 Keep in touch with us at Vision Consulting Group! #seethevision #visionconsultinggroup #accounting #taxes #tax #advisors #finance #taxreturns #newyear #new #assistance #jobkeeper #jobseeker #governmentgrant #clients #plan #thankyou #instagram #onlinebusiness #smallbusiness #businessowner #taxtime #tips #melbourne #planning #businesscoach