We all keep hearing about people using Their Superannuation Fund to Borrow and Purchase Property. You May Be Asking: Can we do this? What are the Benefits? AND, are there any...
Read MoreTax Return through Email
When we live in a world where the technology is so advanced, why do we need to physically go to the tax agent to lodge the return? Who has time to waste waiting, until the tax agent finish preparing the return? Isn’t it easy for you to just email...
Read MoreCapital Gains Tax Overview
Capital Gains Tax Overview A capital gain occurs when you sell a capital asset for more than what you paid for it. Most property is considered a capital asset. You have to pay for the capital gain made in current income tax...
Read MoreCompany Tax Return Edithvale
Company Tax Return Edithvale – welcome to MAS Tax Accountants Melbourne head office When you decide to operate your business as a company, then you are liable to lodge an annual company tax return showing your taxable income and the amount...
Read MoreAccountant Cranbourne
Your Local Tax Accountant Cranbourne / Clyde North Working with individuals and businesses to manage their tax and accounting responsibilities, our expert team can help you during tax season and throughout the year. Our Tax Accountant Cranbourne...
Read MoreMelbourne Bookkeeping
Melbourne Bookkeeping Bookkeeping involves the recording of financial transactions by an individual or an organisation, and it is essential to all businesses. As a Business Owner, it is your duty to keep accurate and true accounting records for...
Read MoreBAS & IAS Melbourne
Expert BAS & IAS Melbourne Services The Business Activity Statement (BAS) is a form submitted to the Australian Taxation Office by all businesses to report their taxation obligations. Before the business start completing the BAS, make sure...
Read MoreWork Related Tax Deductions
At MAS TAX Accountants we understand the job of putting together all work related deductions may seem overwhelming particularly when presented with the requirement to put together all the tax invoices and receipts for any substantial claims...
Read MorePersonal Services Income
Understanding Personal Services Income (PSI) Personal Services Income (PSI) is income that is mainly a reward for the personal efforts and skills completed by an individual. It is common for Sole Traders or individuals through an interposed...
Read MoreEnd of Year Tax Planning for Business
Were you happy with last years’ tax result? Or it may be that your business has expanded since last year. Either way the time to act is now, well before the 30th June to review and plan for this years’ tax bill.Ideally, we will look for ways to...
Read MoreUnderstanding Trusts, Companies & Partnerships
The following guides have been prepared as ‘plain English’ summaries of what clients need to know before operating a new entity, and also to answer some common questions that clients ask about these entities.
Read MoreAnnual Tax Return Taxi Driver
Annual Tax Return Taxi Driver – what do you need to do? There is a misconception among Taxi drivers regarding annual income tax returns. Most of the Taxi drivers are unaware that they have to lodge an annual income tax return. According to...
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