VKC Consulting Chartered Accountants in Perth, Western Australia | Accountant

VKC Consulting Chartered Accountants

Locality: Perth, Western Australia

Phone: +61 8 6557 8972

Address: Level 25, 108 St Georges Tce 6000 Perth, WA, Australia

Website: http://www.vkcconsulting.com.au

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• Business service
• Tax preparation service
• Accountant
• Business consultant

24.01.2022 How are you making BUSINESS decisions? If youre a business owner, youre 100% certain to be contemplating a business decision with financial implications in th...e next few weeks. It might be BIG, like: - When should I put on staff, - Should I take that lease on? - How much should I spend on marketing and advertising? Or small, like: - How much should we spend on client gifts? - Should we upgrade our laptops? - Id really like a standing desk. Is it in the budget? If youre like most business owners, you have NO framework for making these decisions, either big or small. You just sort of think about it, then do it and hope it works. Or worse - ask your friends and family what they think. What you should be doing is reframing everything through one question - "Will this make me more profitable or not." Use that as the starting question and then branch out from there, because what it will start to do is focus you on THE most important question for business owners - is my business profitable?

23.01.2022 Are you organising a Christmas function for your workplace? Book Your Christmas Function on 94517483 or email [email protected] to start planning your end of year function.

23.01.2022 The federal government announced a series of incentives effective immediately. 1. $150,000 instant asset write-off $30,000 instant asset write-off increased to $150,000 (for business with an annual turnover of less than $500M). You have until 30 June 2020 to take advantage of this. After 30 June 2020 it reverts back to $1,000. ... 2. Accelerated Depreciation 50% instant write-off for new assets in the year of purchase, with the balance to be depreciated using normal rules. Applies to businesses with an annual turnover of less than $500M. You have until 30 June 2021. 3. Pay As You Go Withholding Credit 50% PAYGW credit: employers with a turnover of less than $50M will receive a 50% credit against their PAYGW when they lodge their activity statements for the periods up to and including June 2020. The discount is capped at $25,000 with a minimum payment of $2,000 (even if no tax was withheld). 4. Wage Subsidy 50% wage subsidy for apprentices and trainees (1/1/20- 30/09/20). Maximum $21,000 per employee. Only applies to small employers (<20 full time employees). Employee must be in training as at 1 March 2020. 5. Pension and Income Support Pensions and income support- $750 one off payment per person (from 31 March 2020) Should you have any queries please email us on [email protected] or use our contact details published on this page.

23.01.2022 Only 60% of new Aussie businesses survive past the first four years. Trent Innes shares some tips to help turn the stats around http://ow.ly/ZqlG30egann via Forbes Magazine

22.01.2022 How to apply for Jobkeeper Payments if you are affected by COVID-19. Below is a snapshot from the guidance obtained from the Tax Institute. From 20 April 2020, Australian businesses facing the economic fallout of COVID-19 can now apply for JobKeeper payments for eligible employees. The ATO has released comprehensive guides on preparing and applying for the JobKeeper payments. ...Continue reading

20.01.2022 Geisha's Blush; strawberry chu-hi topped with fairy floss and our very own handmade heart origami. This Valentine day, dine in with your SO and you might get to... win a free one. More details on next post. # # #eatdrinkperth #perthisok #urbanlistper #perthfood #perthgram #perthfoodie #izakaya #perthbar #broadsheetperth #yakitori #hissandsmoke #yagansquare #perthdinner #markethall #okonomiyaki #teppanyaki #beer #sake #cityofperth #ozeatingwa #perthdining #pertheats #perth

19.01.2022 Bitcoin - The fuss isnt just about the price (but the intention at the time of purchase!) (Extracted from the TaxVine Article written by Bob Deutsch, CTA (8 December 2017)) Bitcoin is just one type of cryptocurrency. As at September 2017, there were some 1,100 different cryptocurrencies in existence. bitcoin was then, and still is, the biggest. As at November 2016, bitcoin had a market capitalisation of $US 11.3 billion. ...Continue reading

19.01.2022 Turnbull government plan to claw back hundreds of millions through a crackdown on couriers and cleaners has come under criticism from some tax experts who say draft laws are inadequate in fighting the problem. The taxable payments reporting system will be extended to contractors in the courier and cleaning industries from 1 July 2018 and the Budget estimates it will result in additional revenue collections of $318.0 million over four years. The taxable payments reporting syst...em will replicate that already applying in the building and construction industry. If you wish to discuss this matter, please contact us on [email protected] or (08) 6557 8972. Below is a link from early January 2018 which highlights the ATO onslaught to clean up the cash economy.

19.01.2022 COVID-19 Outbreak - JobKeeper Payment The government has made the above subsidy available for businesses impacted by the coronavirus. Eligible businesses will receive $1,500 per eligible employee from 30 March 2020 (With payments made from the first week of May 2020 to eligible employers). Payments will cover a six month period and will be made monthly in arrears. More information on eligible employers and employees are in the article below. At this stage you can register y...our interest on: https://www.ato.gov.au/Job-keeper-payment Subsequently, an online application form will be made available to eligible employers - Watch this space.

18.01.2022 Beware of tax scams Think twice before you click on dodgy emails, and hang up on scam callers!

17.01.2022 Welcome to VKC Tax News October 2017 Edition! This edition highlights the following: 1. The small business concessions namely the various turnover thresholds and their corresponding corporate tax rate.... 2. The rate that applies to a sole trader benefiting from these concessions. 3. What to do if your company tax return was lodged early and was based on the 30% rate. 4. The extension of the instant asset write off of $20,000 to 30 June 2018. 5. Draft tax legislation relating to passive investment companies and how they do not qualify for the lower corporate tax rate of 27.5%. 6. Withholding obligations applicable to: - Salary and Wages - Closely held trusts - Withholding in business transactions "Any business or organisation carrying on an enterprise should quote their Australian business number (ABN) when supplying goods or services to another enterprise. If the supplier does not quote their ABN, the general rule is that the payer must withhold 47% (from 1 July 2017) from their payment and send the withheld amount to the ATO". - Withholding from unused leave payments on termination of employment - Withholding from dividends paid to foreign residents. 7. Superannuation - Key super rates and thresholds 8. Changes to PAYG Instalment conditions Should you have any queries please contact Fran on [email protected] Regards VKC Consulting Pty Ltd

16.01.2022 Mr Sheen Car detailing - keep up the good work!

16.01.2022 Concise advice for clients in the caf and restaurants industry from Delicious Analytics. Thanks Helena Parker!!!

15.01.2022 Bitcoin - The fuss isn't just about the price (but the intention at the time of purchase!) (Extracted from the TaxVine Article written by Bob Deutsch, CTA (8 December 2017)) Bitcoin is just one type of cryptocurrency. As at September 2017, there were some 1,100 different cryptocurrencies in existence. bitcoin was then, and still is, the biggest. As at November 2016, bitcoin had a market capitalisation of $US 11.3 billion. ...Continue reading

15.01.2022 Starting your business requires a number of steps: The most important ones are summarised below: 1. Determine if you are ready to commit to the new business.... 2. Assess the feasibility of your business idea (Start from scratch, buy an established business and/or anything in between) 3. Build your business plan and cash flow projection. 4. Learn about business structures and their tax effectiveness and/or implications. 5. Make an informed decision about which business structure to go with. 6. Review your finances. 7. Build your support team 8. Market your business. 9. Establish systems and procedures for the smooth running of your business. VKC Consulting Chartered Accountants can assist you with the above. We predominantly provide expert business structuring advice with emphasis on asset protection and tax effectiveness. We can also provide feedback on the above steps that apply to you and you can bounce ideas off us and benefit from our business knowledge and experience in your chosen industry.

15.01.2022 Another amazing client - Chef Avish!

14.01.2022 Another cool client of ours. Great to deal with, always friendly and knows what he is doing all the time!

13.01.2022 Our amazing and energetic client Brianna Leake making it look easy! Keep up the good work Bri-Fit Perth!!! Glad to have you on board!

13.01.2022 Concise advice for clients in the café and restaurants industry from Delicious Analytics. Thanks Helena Parker!!!

12.01.2022 Amazing client!

10.01.2022 Huge thank you to the Phoenix Glory Family! We will always stand by your side! Phoenix Glory Soccer Club

09.01.2022 Santa is busy co-ordinating the production and completion of toys for big and small kids! He will be on this way soon assuming that his elves do not get too drunk and sleep on the job!!! Happy festive season 2019-2020 to all!

09.01.2022 COMPETITION TIME To celebrate the start of a new year AND a new decade, 1 lucky Bri-Fit follower will WIN a 4 class pass valid at $50. HOW TO ENTER ... 1 Tag 2 of your fitness friends 2 Comment your 2020 fitness goals 3 Share this post ANNOUNCEMENT The winner will be announced January 3rd. Good luck

09.01.2022 This is a quick snapshot of the 2019-2020 Federal Budget with respect to our client base demographic. It also contains a Federal Budget infographic from the Institute of Chartered Accountants Australia and New Zealand (#ICAANZ) relating to Australia at large. http://www.vkcconsulting.com.au//VKC%202019-2020%20Budget%

09.01.2022 Planning a holiday thats fully sick , but instead youre just sick If youre on annual leave and you get sick or injured, you can use your sick leave inst...ead. You will need to let your employer know as soon as possible and provide evidence https://www.fairwork.gov.au//annu/payment-for-annual-leave

08.01.2022 Congratulations to our wonderful (and cool) clients for the grand opening of Senso Espresso in Westfield Caroussel. Open to the public from 8am tomorrow Saturday 5 May 2018. The food is amazing and unique and the coffee is so satisfying.... Andrew Dinh Jonathan Ho Linh Dinh

07.01.2022 Keep up the good work BHO Interiors!

07.01.2022 Rory doing what he does best!

06.01.2022 COVID-19 Outbreak - Second Economic Stimulus Package Announced The Federal Government has announced an additional $66.1 billion on top of the first package announced on 12 March 2020. Under the improved scheme, employers will receive payment equal to 100% of their pay as you go withholding (up from 50% from the first package), with the maximum payment being increased from $25,000 to $50,000. In addition, the minimum payment is being increased from $2,000 to $10,000. ... The first payment will be available from 28 April 2020 with an additional payment made available on 28 July 2020.

06.01.2022 Come and party with us this new year eve!! Extended party hour till the midnight For $60pp enjoy a free flow selection of Alcohol after 9pm. T&C applies. ... In-house games to win Special Gift at 10pm. Seating is limited. Hurry book your seats in. # # #eatdrinkperth #perthisok #urbanlistper #perthfood #perthgram #perthfoodie #izakaya #perthbar #broadsheetperth #yakitori #hissandsmoke #yagansquare #perthdinner #markethall #okonomiyaki #teppanyaki #beer #sake #cityofperth #ozeatingwa #perthdining #pertheats #perth

02.01.2022 Scott Morrison has announced a third stimulus package to mitigate the negative impact of COVID-19 on small businesses. Watch this space. The job keeper allowance is fantastic but what small businesses need at the moment is something as far fetched as some form of temporary GST relief for the March and June quarters (and maybe the September quarter) in our opinion.

02.01.2022 Have a happy and safe festive season!

02.01.2022 Geishas Blush; strawberry chu-hi topped with fairy floss and our very own handmade heart origami. This Valentine day, dine in with your SO and you might get to... win a free one. More details on next post. # # #eatdrinkperth #perthisok #urbanlistper #perthfood #perthgram #perthfoodie #izakaya #perthbar #broadsheetperth #yakitori #hissandsmoke #yagansquare #perthdinner #markethall #okonomiyaki #teppanyaki #beer #sake #cityofperth #ozeatingwa #perthdining #pertheats #perth

02.01.2022 How are you making BUSINESS decisions? If you're a business owner, you're 100% certain to be contemplating a business decision with financial implications in th...e next few weeks. It might be BIG, like: - When should I put on staff, - Should I take that lease on? - How much should I spend on marketing and advertising? Or small, like: - How much should we spend on client gifts? - Should we upgrade our laptops? - I'd really like a standing desk. Is it in the budget? If you're like most business owners, you have NO framework for making these decisions, either big or small. You just sort of think about it, then do it and hope it works. Or worse - ask your friends and family what they think. What you should be doing is reframing everything through one question - "Will this make me more profitable or not." Use that as the starting question and then branch out from there, because what it will start to do is focus you on THE most important question for business owners - is my business profitable?

01.01.2022 Part 2 from Delicious Analytics. Execute it!

01.01.2022 Good morning .... Why not start your day with a GOOD cup of coffee