Sunshine Accountant Family Day Care

Sunshine Accountant for Family Day Care


MAS Tax accountant sunshine is just a call away. As specialists in the family day care industry, MAS Tax Accountants Sunshine are here to take care all of your accounting & taxation needs.

We understand how the time is important to you as well how difficult you to carry all the information to your accountant. We will visit you at no extra cost if you are in and around Sunshine, Derrimut, Tarneit, Truganina , Laverton, St Albans. Even you have been in the industry for many years you may not get the maximum eligible deductions in the tax return due to many reasons.

To get the maximum benefit from your family day care you need to:

  • Maximize Income
  • Minimize running expenses
  • Minimize Tax

We will minimize the tax liability by claiming the maximum deduction in line with the tax laws and will give valuable cost saving measures & strategies to reduce the running expenses where possible.

The below expenses are either missed completely or not been accurately estimated to produce the best possible tax return available to you:

  • Home Ownership Costs
    • Including the mortgage interest/rent, council rates, home & content insurance. We will help you to decide the entitlements & to calculate the claimable percentage.
  • Motor Vehicle Expenses
    • We will work with you to decide the method to calculate the car expenses. The methods available are cents per kilometer, Log Book, 12% Original Value (subject to the car limit) or One third of actual expense.
  • Home Office Expenses
    • Telephone, internet, depreciation of office furniture & equipment and any additional heating, cooling, lighting and cleaning expenses. You can keep a diary to work out how much of your running expenses relate to working at home or you can claim a fixed rate, instead of keeping details of actual expenses.
  • Cost of Consumable Supplies
    • This includes food, toiletries and other consumable household items incurred in providing the services
  • Commonly Missed Expenses
    • Cost of uniforms and/or protective clothing incurred for use in providing day care services, i.e. protective aprons, gloves, etc.
    • Cost of laundry of uniforms, protective clothing, toys etc.
    • The cost of buying, replacing or repairing toys and other small nondepreciating items such as teaching aids, art and craft, rewards, stationary and etc. when used as part of providing childcare.
    • Depreciation of playground equipment, beds and other substantial items of equipment owned by the caregiver and used in providing child care service

In addition to above specific deductions, following expenses can be claimed as general deductions:

  • Donations to registered charities as long as you haven’t received anything in return for your donation, such as raffle tickets or novelty items
  • The cost of bank fees charged on work-related or any investment accounts
  • Cost of accounting and taxation -Your tax agent fees , the cost of traveling to see your tax agent 

Please ring us to discuss any of your accounting or tax inquiries and we are happy to assist.

For an appointment, or a confidential discussion of your needs, please contact our Tax Accountants today, or call 1300 627 829.