Measuring the health of your business with ratio measures
When you’re running a business, it’s easy to get caught up in the day-to-day activity and lose sight of the big picture. Taking stock of the health of your business is important. Knowing where you are allows for more effective planning, early warning about any issues, and the chance to better chart a course for […]
Are You Ignoring Your Super? One in Three Australians Are – And It Could Cost Them
A recent study has revealed a concerning trend: 33% of Australians don’t know their superannuation balance, and one in nine have never checked it. This lack of awareness could have serious consequences for retirement planning, especially as the cost of living continues to rise and the age pension alone may not be enough to support […]
Should you buy or lease your assets?
There are certain items of equipment, machinery and hardware that are essential to the operation of your business – whether it’s the delivery van you use to run your home-delivery food service, or the high-end digital printer to run your print business. But when a critical business asset is required, should you buy this item […]
Understanding your revenue drivers
For your business to make money, you need to generate revenue. You produce revenue through your usual business activity, by making sales, getting your invoices paid, or taking cash from paying customers. So, the better you are at selling your products/services and bringing money into the business, the higher your revenue levels will be. But […]
The 7 biggest challenges facing small businesses in 2025
Running a small business in 2025 comes with a unique set of challenges. From rising costs to evolving compliance requirements, Australian SMEs are navigating a complex landscape. Here are seven of the most pressing issues—and practical strategies to help overcome them. 💸 Rising Wage and Employment Costs With the Superannuation Guarantee increasing to 12% from […]
ATO Debt Crackdown: $105 Billion Owed and Tougher Measures in 2025
The Australian Taxation Office (ATO) has significantly intensified its debt recovery efforts in 2025, responding to a record-breaking surge in outstanding tax liabilities. As of this year, the ATO’s debt book has ballooned to over $105 billion, with $46.4 billion considered collectible. This figure now represents more than 16% of the Commonwealth’s total revenue, prompting urgent action […]
Protecting you and your business: using trusts
Have you ever wondered about the best ways to protect you and your business? In this series, we’ll look at the key ways to use trusts, insurance and risk-management techniques to protect both your personal assets and the future of the company. In this article, we’ll look at how you can use a trust to […]
Reducing the uncertainty: strategic business reviews
In a world where evolving political events can change the market in an instant, and economic instability is still the norm, finding certainty in your business strategy is a rarity. Business plans and your overriding strategy are no longer written in stone. This means being flexible about your next steps and regularly reviewing your business […]
How to use forecasts and scenario-planning
For centuries, accounting was all about reviewing historic information – but that only told you about the past, not what was going to happen in the future. If you’re only looking back at past periods and historic numbers, this limits the insights you can achieve for your business. With a backward-looking ideology, it becomes difficult […]
Why you shouldn’t rush to lodge your tax return to early
As the new financial year begins, it’s understandable to want to tick your tax return off the list as soon as possible. But when it comes to lodging your return, patience can save you time, money, and stress. At VI Partners, we encourage clients to wait until the ATO’s prefilled data is available before we […]