Income splitting for medical professionals

We have found a lot of professional professionals such as Doctors, Lawyers, Consultants, Engineers, etc end up with a big tax bill when they lodged their annual tax return. In practice, we do have a few strategies can apply to give a better...

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RBA Decision June 2015

In today’s board meeting the RBA has left rates unchanged after dropping rates last month. Their language was generally positive flagging the fact that they are unlikely to drop rates again soon. To read the whole release you can go...

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$20,000 tax break | $20,000 Tax Credit

Small business tax relief from 2015 Budget – $20,000 Tax Break Diluk Kalupahana CPA 2nd June 2015  So you want this $20,000 tax break right? Firstly you need to be a small business to apply – Small business is businesses with an...

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The ATO Auditing Process

Do you want to know what happens when you get an ATO Audit? Tax season is coming. and as a lot of people have had bad experiences with ATO auditing in the past, we have been asked a lot of questions about it. The most popular questions have been...

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FDC Purchasing a car | FDC Accountant

FDC Accountant – Purchasing a Car – Important Tax Considerations for FDC Educators A number of our FDC (family day care) clients seek our assistance in making some of the important buying decisions. The most common question has been...

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Div 293 Tax | TAX RETURNS SOUTH YARRA

TAX RETURNS – MAS TAX ACCOUNTANTS SOUTH YARRA Division 293 Tax for Higher Income Earners Author: May Shen    Date: 21st May 2015 If you’re a high income earner (taxable income over $20K), and recently received a tax bill for a Division 293 tax...

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Tax Return Sydney 2015

Tax Return Sydney 2015 – A few reminders for the 2015 year  The biggest areas we find people miss when doing their tax return are; Laptop, electricity, rental expenses may be deductible if you are working from home (Plus other home office...

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Tax Return Oakleigh

Tax Return Oakleigh – Income Tax Documents checklist 2015 for Individuals  from MAS Tax Accountants Oakleigh Author – Yohan Soza Income tax filling for 2015 is fast approaching. We at MAS Tax Oakleigh & Ormond can help with your tax...

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TTR Retirement Advice Knox

Transition to retirement (TTR) advice knox –   How to save tax, particularly age 55 and over The transition from hard work to retirement starting point. 55, energy and stamina gradually decline. Some people want to work a little less time...

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Federal Budget 2015

The Treasurer Joe Hockey’s ‘no surprises’ Federal Budget involves limited superannuation and taxation changes, with a number of key measures having been announced prior to Budget night. Of note is the Government’s announcement that it will reform...

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2015 Tax Return Canberra

Are you ready for the 2015 Tax Return Canberra?  The 2015 Budget is about to be released and it will be important for those with either an individual 2015 tax return or a company 2015 tax return (including trusts) to get across the forthcoming...

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