Vivid Partners

The team at Vivid Partners would like to take this opportunity to wish you and your loved ones a very Merry Christmas and a Happy New Year 2026.

We sincerely thank you for your continued trust and support throughout the year. It has been a pleasure working with you, and we truly appreciate the opportunity to support you and your business.

Please note that our office will be closed from today and will reopen at 9:00 am on Monday, 5 January 2026. During this period, we will have limited or no access to emails and phone calls. For any queries during this period, we will respond to your email/calls on our return.

We look forward to working with you again in the new year and wish you a safe, restful, and enjoyable holiday season.

🚨𝐀𝐭𝐭𝐞𝐧𝐭𝐢𝐨𝐧: 𝐅𝐢𝐧𝐟𝐥𝐮𝐞𝐧𝐜𝐞𝐫𝐬 𝐂𝐨𝐮𝐥𝐝 𝐂𝐨𝐬𝐭 𝐘𝐨𝐮 𝐓𝐡𝐨𝐮𝐬𝐚𝐧𝐝𝐬! 🚨

Thinking of following financial advice from "finfluencers" online? These are influencers who offer financial advice, including tax advice, on various social media platforms such as Facebook Instagram and TikTok. Unfortunately, they don’t always have the necessary qualifications to give out this advice or provide all the information you need to make a fully informed decision. It could end up being more harmful than helpful.

💡𝑾𝒉𝒚 𝒊𝒕’𝒔 𝒓𝒊𝒔𝒌𝒚:

• Finfluencers may not be qualified to give tax advice.

• Following incorrect advice could lead to expensive tax mistakes, penalties, and legal issues.

• The Australian Taxation Office (ATO) warns that DIY tax strategies based on unverified advice could cost you BIG.

• Before taking advice from social media, make sure it's from a 𝐥𝐢𝐜𝐞𝐧𝐬𝐞𝐝 𝐩𝐫𝐨𝐟𝐞𝐬𝐬𝐢𝐨𝐧𝐚𝐥 who understands the rules. 🚫💸

Stay safe, and always 𝐯𝐞𝐫𝐢𝐟𝐲! ✅

Tax advice from ‘finfluencers’ can cost you thousands | Tax Practitioners Board The number of ‘finfluencers’ are on the rise. These are influencers who offer financial advice, including tax advice, on various social media platforms such as Instagram and TikTok.

As FY 2025 comes to a close, we want to extend a heartfelt thank you to all our clients for your continued trust and support. 🙏
Wish you all a successful and prosperous FY 2026 — we look forward to growing further together! 🚀

As accountant, we often get asked, "Can a family trust help lower my income tax?" The answer isn’t always straightforward. While family trusts can be a powerful tool for income splitting and tax planning, they come with rules, responsibilities, and potential risks.

The Australian Financial Review (AFR) recently published a great article breaking down the key considerations for high-income earners. From ATO scrutiny to the importance of proper structuring, it’s a must-read for anyone exploring this option.

Remember, tax planning is about strategy, not shortcuts. If you’re considering a family trust, let’s chat! Proper advice can make all the difference. 💡

📖 Check out the article here: https://www.afr.com/wealth/personal-finance/i-m-a-high-earner-can-i-use-a-family-trust-to-lower-my-income-tax-20250226-p5lfh9

I’m a high earner. Can I use a family trust to lower my income tax? The rules for professional services partners and high-earning employees are different when it comes to using family trusts for income.

The Australian Taxation Office (ATO) has intensified its efforts to catch landlords who misreport income and fail to lodge returns accurately. By collecting rental bond data from state and territory regulators, the ATO aims to close the tax gap and ensure compliance across the rental property market.

ATO Intensifies Rental Property Crackdown The Australian Taxation Office (ATO) has intensified its efforts to catch landlords who misreport income and fail to lodge returns accurately.

The team at Vivid Partners wishes you and your loved ones a Merry Christmas and a Happy New Year.

We would like to take this as an opportunity to appreciate and thank you for your continued support and the trust you have placed on us. We value our partnership and look forward to exciting things in the coming year.

Please note that our office will be closed from 20th of December 2024 at 5:00 pm and re-open on the 6th of January 2025 at 9:00 am. Please note that we will have limited or no access to emails over the period. For any queries during this period, please email us at [email protected], and we will respond to your email on our return.

Kind Regards
The team at Vivid Partners

Reflecting 2024 over Christmas Lunch.

Thank you team for the wonderful year. Looking forward to exciting things in the New Year 2025!!!!