MDS Accounting & Financial Services in Ballarat, Victoria | Loan service

MDS Accounting & Financial Services

Locality: Ballarat, Victoria

Phone: +61 3 5333 3453

Address: 702 Sturt Street 3350 Ballarat, VIC, Australia

Website: http://www.mdsaccounting.net.au

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25.01.2022 PERSONAL LOANS - Time to get things done or just getaway If you dont currently have enough in savings to meet certain costs, MDS may be able to help you reach your goals by assisting with a Personal Loan. Our providers offer great personal loan rates with flexible ... repayment options to ensure you can obtain the finance you need with minimal delays. Such reasons for obtaining a personal loan may include home improvements or maybe a holiday somewhere to escape the winter chill. Contact our office on 03 5333 3453 if you would like us to answer any queries you might have.

25.01.2022 2018 BUDGET and your SUPER #Ballarat #budget2018 #superannuation

25.01.2022 The First Home Super Saver (FHSS) scheme was introduced by the Australian Government in the 2017-18 Federal Budget. The FHSS scheme allows you to save money faster for your first home inside your superannuation fund, with concessional tax treatment. You can make voluntary concessional (before-tax) and non-concessional (after-tax) contributions into your super fund to save for your first home. From July 1 2018 you can apply to have your contributions released to help you on yo...ur way to your first home! If you would like more information about the FHSS scheme contact the MDS team on (03) 5333 3453

25.01.2022 BUSINESS ACTIVITY STATEMENTS (BAS) A friendly reminder to our clients that the July September Business Activity Statements are due on 25th of November #bas #ato

25.01.2022 BACK IN THE OFFICE - The MDS team return to work tomorrow. We are well rested and ready take on another year. Phone 03 5333 3453 to get in touch #Ballarat #MDS #smallbusiness

24.01.2022 JANUARY MARCH 2018 BAS STATEMENTS A friendly reminder to all clients that the Quarter 3 2018 BAS statements are due on the 28th of May. Call us today on (03) 5333 3453 to organise your BAS and ensure lodgements are made on time #MDS #Balllarat #smallbusiness

24.01.2022 Congratulations to one of our Accountants, Josh Rix, on graduating with a Bachelor of Commerce(Accounting). Josh is a hard working and dedicated member of our team. Call our office on 5333 3453 to book an appointment with Josh to complete your 2019 Tax Return.

24.01.2022 Dear Clients, Our office is currently closed due to concerns regarding Covid-19, however, we are still available for appointments and all staff are working as normal from our home offices. You can get in contact with us via email or calling us on our Office number, 03 5333 3453.

23.01.2022 You can now request an appointment directly through our Facebook page! Hopefully this saves time for our clients who are too busy working throughout the day to pick up the phone If you have a preferred Accountant please note their name in the booking request - MDS

20.01.2022 Great news for small business owners! The $20,000 instant asset write-off threshold has been extended to 30 June 2019. Come in and see us at MDS Accounting to see how your business could benefit!

19.01.2022 HOW MUCH DO YOU NEED TO RETIRE? For an estimate on how much you will require to retire at age 65, multiply what you think you will need per year by 17. For example, if you believe your future lifestyle will cost $50,000 p.a., you will require $850,000. When calculating your annual retirement income, you should aim to replace 70% to 90% of your rep-retirement income. For example, if you earn an average of $60,000 per year prior to retirement you should expect to require approx...imately $44,000 to $57,000 per year in retirement. The earlier you start planning for retirement, the more options you have to afford a comfortable retirement. Contact our office to discuss further details about planning for your future #Ballarat #MDS #Superannuation See more

16.01.2022 With the federal election looming, it is a good time to review party policies and how they will affect our personal finances. I do not wish to begin a political debate on a public forum, therefore, will provide some general information on Labours intended and publically disclosed policies. TAX: Labor intends to stop the use of family trusts to avoid tax by introducing a minimum 30% tax rate on trust distributions to beneficiaries ages 18 or over. It does not intent to proc...eed with the current governments future tax cuts for higher income earners, instead increasing the top marginal tax rate by 2% until 2022 -2023. In October it did agree to support the coalitions governments plan to reduce the company tax rate for businesses with a turnover of $50 million or less to 25%. NEGATIVE GEARING AND CGT: Labor would like to abolish negative gearing on existing homes bough after a date yet to be established. Negative gearing would remain for investors purchasing new properties and those with existing negative geared investments. They also want to reduce the current capital gains discount from the current 50% on investment held for 12 months or more to 25%. Existing investments will apparently be exempt. FRANKING CREDITS: Labor plans to scrap refunds of excess dividend imputation credits for investors who are not receiving a welfare benefit. Self Managed Super Fund members in pension phase whose earnings are tax free have been able to have imputed credits refunded. Under Labors regime, this will no longer be the case. Even younger members whom are currently in accumulation phase have used credits to offset tax. Again, this will no longer be a strategic option. SUPERANNUATION: Labor is committed to lowering annual non-concessional super contributions even further from $100,000 to $75,000 along with lowering the income level at which super contributions are taxed at 30% rather than 15% from $250,000 to $200,000. It intends to ban borrowings by Self Managed Super Funds. There have also been indications it may abolish current government measures that allow catch-up concessional contributions and allowing everyone to claim deductions for personal concessional contributions within the caps. Please note, before any of the above measures can be brought in, they will have to run the usual scope of public scrutiny, lobbying by those affected, possible legislative amendments and the usual political debate. See more

16.01.2022 HOW DOES YOUR SUPER FUND COMPARE?

16.01.2022 You can now request an appointment directly through our Facebook page! Hopefully this saves time for our clients who are too busy working throughout the day to pick up the phone If you have a preferred Accountant please note their name in the booking request - MDS

15.01.2022 INTERIM FINANCIAL STATEMENTS - The end of the financial year is fast approaching. However, there is still time to reduce your tax liability! Interim financial statements provide a summary of your financial activities for an accounting period of less than one year, meaning you are more aware of your expected tax outcomes and better placed to implement strategies to minimise your tax liability. For more information, or to schedule an appointment, call us on (03) 5333 3453.

15.01.2022 There is just one month remaining for the 2018 Financial Year! Are you aware of your current tax position? Book in now for an appointment to go over your YTD financials and to discuss your tax planning options #Ballarat #MDS #smallbusiness

13.01.2022 BLOG POST - COVID-19 & Your Business http://www.mdsaccounting.net.au/blog/covid-19-your-business

10.01.2022 BLOG POST - COVID-19 & Your Business http://www.mdsaccounting.net.au/blog/covid-19-your-business

10.01.2022 XERO TWO-STEP AUTHENTICATION By the end of the year it will be compulsory for all Xero users to have two-step authentication (2SA) enabled on their login. If you need assistance setting up 2SA please call us on (03) 5333 3453 and our friendly staff will be able to guide you through the process. #Xero #2SA

09.01.2022 Happy Wednesday from the team at MDS Accounting! Thank you for the beautiful flowers Daisies by Daisy

08.01.2022 With the end of the financial year fast approaching, now is the perfect time to get prepared for tax time. We suggest you gather all your relevant tax documentation and any receipts of work related expenses you incurred through the 2017/2018 financial year. If you have a query on a whether an expense you have incurred is eligible to be claimed, feel free to contact us and ask one of our accountants. Be sure to book an appointment to get your tax return completed #Tax #Accounting #Ballarat #2018

08.01.2022 This is a friendly reminder to call our receptionists, Abbey & Alice, to schedule your 2018 tax appointment with one of our experienced accountants. Please contact us on 03 5333 3453 to ensure you are getting the best advice this July #Ballarat #MDS

06.01.2022 Insurance in your Super - Facts #Ballarat #MDS

05.01.2022 ASSET & EQUIPMENT FINANCE - With the end of financial year fast approaching, now is the time to start making plans to minimise your tax. Purchasing business related vehicles & equipment is a great way to reduce your taxable income. Deducible finance will help ensure you are on the way to reducing your tax liability while developing your business growth potential. Call our accountants today to discuss your options.... #MDS #Ballarat #smallbusiness

05.01.2022 Is your super working at its best potential? Contact MDS to help you understand your super #Superannuation #Ballarat #SmallBusiness

04.01.2022 BAS statements for October - December 2017 are due next week 28.02.2018

04.01.2022 COVID-19 & YOUR BUSINESS Dear Valued Clients, In the current times of high uncertainty and anxiety in local and global markets due to the increasing impact of the COVID-19, it's very difficult to work out what to do first to ensure the continuity of businesses and livelihoods....Continue reading

03.01.2022 Enjoying this beautiful winter night in #Ballarat from the warmth of our office Call to make an appointment for your 2018 tax #MDS

03.01.2022 GREAT NEWS! The Government will extend the $20,000 immediate write-off for small business by a further 12-months, to 30 June 2019, for businesses with aggregated annual turnover less than $10 million. Small businesses will be able to immediately deduct purchases of eligible assets costing less than $20,000 first used or installed ready for use by 30 June 2019. Contact your accountant to obtain more information #Ballarat #Smallbusiness #Budget2018

03.01.2022 The First Home Super Saver Scheme has been passed by both the House of Representatives and the Senate. This scheme aims to assist Australians save for their first home via extra voluntary contributions to their superannuation fund. Contact us if you would like further information regarding this scheme #Ballarat #superannuation #firsthomebuyer

02.01.2022 COVID-19 & YOUR BUSINESS Dear Valued Clients, In the current times of high uncertainty and anxiety in local and global markets due to the increasing impact of the COVID-19, it's very difficult to work out what to do first to ensure the continuity of businesses and livelihoods....Continue reading

01.01.2022 Quick poll to see how youre tracking! Have you lodged your tax return yet? There are just two weeks until the 31 October deadline you can complete your own... tax return online using myTax, or lodge with a registered tax agent! If youre using an agent for the first time or changing agents this year, be sure to get in touch with them before the end of the month. Learn more about lodging at www.ato.gov.au/Individuals/Lodging-your-tax-return

01.01.2022 The Victorian Budget 18/19 was released during the week, with a proposed increase in the payroll tax threshold to help create regional jobs. Have you checked out the other changes which may affect our region? https://www.budget.vic.gov.au/program_pro/central-highlands... #Victoria #Ballaratsmallbusiness #MDS