The ATO’s eligibility requirements for SMSF trustees or directors

The ATO’s eligibility requirements for SMSF trustees or directors All members of a self-managed super fund (SMSF) must be individual trustees or directors of the fund’s corporate trustee. Anyone 18 years old or over can be a trustee or director of a super fund as long as they’re not under a legal disability (such as mental […]

Bookkeeping Service

Bookkeeping Service Too busy running your business? No time preparing your books? You can count on us and delegate bookkeeping to us. We can help you to purchase the right accounting software, set it up, link it to the ATO, link it to your bank, teach you how to snap & store your invoices. Depending […]

Business migration tax planning & reporting

Business migration tax planning & reporting Do I have to pay tax on my overseas income? ·    If you are a tax resident, then you will need to pay tax on your worldwide income. ·    If you are a non tax resident, then you only need to pay tax on your Australian source of income. […]

BAS Reporting

BAS Reporting What is included in BAS? BAS stands for business activity statement. It includes the following part: ·         GST reporting ·         PAYG withholding reporting ·         PAYG income tax instalment ·         Other tax obligations reporting, such as FBT instalment When do I have to report BAS?   If you are quarterly reporter, you will need […]

ATO audit

ATO audit Mr. D runs a small café. Although he can make the best coffee and prepare the most delicious meals, he is not good with his paper work. He did not think accountant is that important and would just wrote on a piece of paper his sales, his purchases and expenses based on whatever […]

Financial Reporting

Financial Reporting Financial reporting needs to be accurate and timely. Financial reporting is not just a profit & loss statement, a balance sheet, a cash flow statement with a lot of notes. This is just a format of financial reporting. Under its format, every figure has its story and its meaning. For example: ·         How […]

Business Advice

Business Advice What is business advice? Well, there is no particular format for business advice. It can cover every aspects of your business, such as structure planning, tax planning, internal control, budgeting, financial reporting, staff management, stock control and so on so forth. Enable to give good business advice, adviser needs to understand the business […]

Budget and Cash Flow Forecast

Budget and Cash Flow Forecast Mr. B and Mr. C plan to open an online business selling various household products. They plan to import the goods from overseas, rent a warehouse to stock them, sell via their own and other third party online platform. They will do the delivery themselves within 10 km and will […]

Bookkeeping Training

Bookkeeping Training ML Tax Solution is a registered tax agent, CPA certified public practice, CA certified public practice, IPA certified public practice. Our accountants are not only experienced with tax and accounts; we are also Xero Certified and QuickBooks Certified. We are very much hands on with your accounts. Contact us on or 03 […]

Pre Registration Planning

Pre registration planning Case 1 – Mr. & Mrs. A Let’s meet the A family. Mr. A works full time as a designer and Mrs. A works as a consultant via her own ABN. Mrs. A is also the sole director and shareholder of a dormant company XYZ Pty Ltd through which she ran a […]