Vision Accounting Solutions

🚨 SCAM ALERT – PLEASE STAY VIGILANT🚨

We have recently become aware of fraudulent emails impersonating Vision Accounting Solutions.

These emails are designed to look genuine, however they are not being sent from our office. The scammers are using email addresses that closely resemble ours, making it easy to miss the subtle differences.

✅
• Always check the sender's email address carefully.
• All genuine emails from Vision Accounting Solutions include our company logo in the email signature.
• If an email looks unusual, asks you to click a link or open an attachment, or you're unsure if it's genuine, contact our office before taking any action.

We want to reassure all of our clients that our email system has not been compromised. This is a social engineering scam designed to trick recipients into believing the email is legitimate.

🔒 Your security is our priority. Thank you for helping us keep our community safe.

📞 If you have any concerns about an email you've received claiming to be from Vision Accounting Solutions, please contact our office immediately on (07) 3800 8855 before clicking any links, opening attachments or replying to the email.

All withholding schedules and tax tables have been updated. The changes apply from 1 July 2026.

If you employ staff, take note of the changes. Make sure you know how much you need to withhold from the payments you make to your employees and other workers.

The Fair Work Commission has announced this year’s Annual Wage Review decision.

The National Minimum Wage will increase to $1,004.90 per week or $26.44 per hour.

Minimum award wages will increase by 4.75%, provided that:
-the lowest rate in any award that applies to ongoing employment must be at least $1,004.90 per week or $26.44 per hour
- any entry-level rate that applies to the first 6 months (or less) of employment must be at least $978.10 per week or $25.74 per hour.

These increases apply from the first full pay period starting on or after 1 July 2026.

We’re working to update our pay tools and website info with the new rates. You can find more info about the minimum wage increase and subscribe to our email updates to be notified when the new rates are available here: https://www.fairwork.gov.au/about-us/workplace-laws/annual-wage-review/annual-wage-review-2026

Important reminder ⚠️

The Medicare Levy Surcharge (MLS) may apply if your income exceeds the threshold and you don’t have appropriate private hospital cover.

If you have a spouse or dependent children, everyone in the family must be covered to avoid the surcharge — not just one person.

Company Directors 🚨

Be Aware of Director Penalty Notices (DPN).

If your company has unpaid PAYGW, GST or Super, the ATO can issue a DPN which may make directors personally liable for the debt.

Acting early is key. If your business has an ATO debt, speak to our team about payment plans and restructuring options.

🚨 Important update for our clients

From 1 July 2026, new Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) laws will come into effect in Australia.

As part of these changes, we may need to collect additional identification or documentation from clients to meet new compliance requirements.

We’ll keep you informed as we prepare for these changes and appreciate your cooperation.

If you have any questions, please reach out to our team.

Cancelling or reducing your private health insurance may increase your tax at tax time.

You may need to pay the Medicare levy surcharge (MLS) if your income for surcharge purposes is above the threshold, and you don’t have an appropriate amount of health cover.

The income used to work out if you are liable for MLS isn’t just your taxable income, it also includes:

• certain salary sacrifice amounts
• reportable Fringe Benefits
• net investment losses
• certain super contributions
• your partner’s income for surcharge purposes.

Depending on how much you earn, that could be an extra 1%–1.5% of your taxable income.