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...
Read MoreAccounts Receivable Process
Does your business have one? If you offer credit terms then it should have one! By putting in place a formal process you can manage your clients expectations as well as removing some of the emotion out of what can be a pretty emotive part of...
Read MoreTax Offsets
Tax Offsets Tax offsets (sometimes called rebates) are completely different to tax deductions. Tax deductions reduce your total assessable income, whereas tax offsets reduce your tax payable regardless of your taxable income...
Read MoreLuxury Car Tax
Luxury Car Tax (LCT) Luxury car tax is a tax that is payable on vehicles that are above a certain price. LCT becomes applicable when a standard vehicle is above $57,466, OR if you are buying a fuel efficient vehicle the threshold is at $75,375...
Read MoreTax Accountants Rosebud
Local, Expert Tax Accountants Rosebud Looking to make an appointment? Fill in our Contact Form below or call us on 1300 627 829 MAS Tax Accountants Rosebud Office proudly serves the taxation and accounting needs of those living and working in...
Read MoreBookkeeping Melbourne
Bookkeeping Melbourne Aren’t you sick and tired of juggling your financial affairs, travelling between your Bookkeeper and your Accountant? If this is you, then I have a perfect solution for you!...
Read MoreTax Return Taxi Driver
Tax Return Taxi Driver Do you operate a Taxi and need help with your Tax? We have specialist Accountants ready to assist you operate your Taxi business and minimise your tax bill, while maximising your return...
Read MoreEducation Tax Refund
Education Tax Refund – Claim everything you’re entitled to! Get up to 50% back on a range of children’s education expenses! The government is helping you with the costs of educating your child by providing up to 50% back on eligible...
Read MoreSelf Managed Super
Self Managed Super We offer a wide range of Self Managed Superannuation services...
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