Scale with Expert Accounting Support

Free up your team to focus on clients, not compliance and enhance your efficiency with our expert Australian-trained accountants.

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Our Commitment to

Compliance and Professional Standards

At VBP, we are deeply committed to maintaining the highest levels of integrity and compliance with the Code of Professional Conduct. In alignment with regulatory requirements, we confirm that over the past five years, neither VBP nor any of its controlling parties have:

  • Convicted of a serious taxation offence
  • Convicted of a serious criminal offence
  • Convicted of an offence involving fraud or dishonesty
  • Penalised for promoting a tax exploitation scheme
  • Penalised for implementing a scheme that materially differed from a product ruling
  • Declared bankrupt or placed under external administration
  • Subject to action under subsection 30-15(2) of the Tax Agent Services Act 2009 (TASA)
  • Had registration terminated under Subdivision 40-A of the TASA
  • Had an application for registration or renewal rejected under section 20-25 of the TASA
  • Investigated under section 60-95 of the TASA
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FAQs

What is an Australian-trained accountant?

An Australian-trained Accountant (ATA) provides support in the interpretation and presentation of data and financial reports. May also perform admin and other accounting tasks such as processing and maintaining profiles and financial transactions in a set of accounts. In addition, our ATA provides support in tax compliance-related tasks such as preparation of Individual Tax Returns (ITRs) and Company Tax Returns (CTRs).

What certifications does a VBP Australian-trained Accountant have?

Our Australian-trained Accountants (ATAs) are certified in IIT Cert IV in Accounting and Bookkeeping, IIT Xero Software Competency Certification, Xero Advisor Certification, and Xero Payroll Certification

What services can the Australian-trained Accountant provide to our business?

An Australian-trained Accountant (ATA) offers comprehensive support in various areas:

  • Data Interpretation and Financial Reporting: They assist in interpreting and presenting data, as well as preparing financial reports to provide clear insights into your business’s financial health.
  • Administrative and Accounting Tasks: This includes processing and maintaining profiles and financial transactions, ensuring your accounts are accurate and up-to-date.
  • Tax Compliance: Our ATAs handle tax compliance-related tasks, such as preparing Individual Tax Returns (ITRs) and Company Tax Returns (CTRs), ensuring your business meets all tax obligations efficiently.

TASA Compliance

Is VBP a Tax Agent, BAS Agent or qualified tax relevant?

VBP is not a registered Tax Agent, BAS Agent or qualified tax relevant provider. 

Are the outsource team members impacted by the recent TASA code changes?

While the code has limited application to team members based overseasthere appears to be possibly only one event that could result in an offshore entity being considered to be a disqualified entity.  This is where the entity has been convicted of an offence involving fraud or dishonesty.  The TPB says that the phrase “offence involving fraud or dishonesty” takes its ordinary meaning and is determined by reference to community standards.  It does not specify that this means an Australian community.  

Accordingly, this event appears not to have an Australian territorial limitation as what appears to be the case with all of the other events that cause an entity to be a disqualified entity. 

What are the necessary steps that VBP has taken to ensure that the organization is not engaged with a disqualified entity or individual?

At VBP, we are committed to upholding compliance standards. To this end, we conduct thorough sanction screenings for all executive and accounting roles to ensure adherence to the Tax Agent Services Act (TASA) requirements. 

However, please be advised that the responsibility for ensuring compliance with TASA ultimately lies with our clients. We encourage all clients to take the necessary measures to meet their obligations under this legislation.