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 firmly committed to upholding the highest standards of integrity, ethical conduct and regulatory compliance. In accordance with the Code of Professional Conduct and relevant obligations under the Tax Agent Services Act 2009 (TASA), we confirm that within the past five years, neither VBP nor any of its controlling entities or officers have:

  • Been convicted of a serious taxation offence
  • Been convicted of a serious criminal offence
  • Been convicted of an offence involving fraud or dishonesty
  • Been penalised for promoting a tax exploitation scheme
  • Been penalised for implementing a scheme that materially differed from a product ruling
  • Been declared bankrupt or placed under external administration
  • Been subject to action under subsection 30-15(2) of the Tax Agent Services Act 2009
  • 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
  • Been investigated under section 60-95 of the TASA

This declaration reflects our ongoing commitment to professional integrity, transparency and compliance in all areas of our business operations.

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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

What is an Australian-Trained Accountant (ATA)?

An Australian-Trained Accountant (ATA) provides support in the interpretation and presentation of financial data and reports. They also perform various administrative and accounting tasks, including processing transactions and maintaining profiles. ATAs support tax compliance through the preparation of Individual Tax Returns (ITRs), Company Tax Returns (CTRs) and other ATO-related tasks.

What services can a VBP Australian-Trained Accountant provide?

VBP ATAs offer support across three core areas: Accounting Tasks (reconciliation, journal entries, payroll finalisation, annual reporting and quarterly management reporting); Administrative Tasks (email correspondence, client profile maintenance, document management, ASIC correspondence and lodgements, and statutory document creation); and Tax Returns (preparation of individual, business, and fringe benefit tax returns, and support with ATO compliance activities).

What certifications do VBP Australian-Trained Accountants have?

Our ATAs are certified in Certificate IV in Accounting and Bookkeeping (from an Australian RTO), Tax modules from an Australian RTO, Xero Adviser Certification and Xero Payroll Certification.

Do VBP Australian-Trained Accountants handle tax compliance tasks?

Yes. ATAs assist with the preparation of ITRs, CTRs and FBT returns. They also support ATO compliance activities, working within clearly defined roles to support registered tax agents or internal accounting teams.

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

 No. VBP is not a registered Tax Agent, BAS Agent, or qualified tax relevant provider. 

Are VBP’s team members impacted by TASA Code of Professional Conduct changes?

While the Code has limited application to offshore team members, there is one event - conviction for an offence involving fraud or dishonesty - that could classify an offshore entity as disqualified. This is determined by reference to community standards and does not appear limited to Australian jurisdiction.

What steps has VBP taken to ensure it is not engaged with a disqualified entity or individual?

VBP conducts thorough sanction screening of executives and accounting personnel to ensure alignment with the Tax Agent Services Act 2009 (TASA). However, ultimate responsibility for TASA compliance rests with the client.

What does onboarding an ATA involve?

VBP uses a phased task roadmap, starting with low-risk, templated, day-to-day tasks. As quality and trust are established, you can assign additional clients and more complex workloads to your ATA over time.

How does VBP ensure quality and accuracy in accounting support?

VBP ATAs undergo structured training, operate with close oversight and follow clearly defined workflows. Focus areas include attention to detail, responsiveness and alignment with Australian compliance standards.

Is this service suitable for small or boutique advice firms?

Yes. The service is designed to be scalable and cost-effective, enabling smaller firms to access qualified support without needing to hire full-time in-house staff.