Port Melbourne's Tax Return & Business Activity Statement (BAS) Specialists

Expert Tax Return Services in Port Melbourne

Welcome to MP Tax, your local expert tax accountants providing tax return services in Port Melbourne and the surrounding suburbs. Our team of registered tax agents and accounting professionals are dedicated to ensuring you receive the best tax return services possible. With an emphasis on serving our local community, we offer a broad range of tax return and wider accounting services to clients across:

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• Port Melbourne

• Hoppers Crossing

• Point Cook

• Williams Landing

• Caroline Springs and more

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Our Tax & Accounting Services

At MP Tax, we offer a wide range of tax and accounting services that are tailored to meet the unique needs of our clients in Port Melbourne and surrounding areas. Our team of experienced tax accountants and registered tax agents is dedicated to ensuring our clients receive the highest quality service in a timely and efficient manner.

Individual Tax Returns:

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We understand that tax time can be a stressful period for many individuals, which is why our team is here to assist you with your individual tax returns. Our tax accountants have a deep understanding of the tax regulations and laws, allowing us to ensure your return is filed accurately and in compliance with all legal requirements. We will work closely with you to maximise your deductions and ensure you receive any eligible refunds you are entitled to.

Business Activity Statements:

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As a business owner, you have enough to worry about without having to manage the complexities of BAS preparation and lodgement. Our team is here to help with all aspects of BAS preparation, including GST, PAYG withholding, and other tax obligations. We will ensure that your BAS is prepared accurately and in a timely manner, so that you can focus on what you do best - running your business.

While tax return and BAS preparation and lodgement are a significant focus of our business, we offer a wider range of accounting services including:

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• Rental property schedules and advice

• Capital gains tax advice and calculations

• BAS preparation and lodgement

• GST and PAYG advice and assistance

• Tax planning advice

Why You Need An Accountant?

Having an accountant is an essential aspect of running a successful business or managing your finances effectively. While some individuals may choose to handle their financial matters themselves, there are many benefits to enlisting the assistance of a qualified and experienced tax accountant.

At MP Tax, we understand the importance of having a trusted accountant. That's why we have assembled a team of the best tax accountants and registered tax professionals to ensure you receive reliable assistance with your tax return. We also offer a wide range of accounting services designed to help you manage your finances with confidence. Whether you need help with individual tax returns, business activity statements, or other accounting matters, our team of qualified and experienced accountants is here to assist you.

Our Tax Return Process

At our MP Tax, we strive to make the tax return process as easy and stress-free as possible for our clients. We offer flexible consultation options, including face-to-face meetings, virtual consultations via Zoom or MS Teams, phone consultations, and even email correspondence.

During the initial consultation, we take the time to discuss the specific details of your tax situation and answer any questions you may have. If you have all your necessary documentation, we can often complete your individual tax return on the spot, providing you with quick and efficient service. For more complex individual or business tax returns, we will analyse your information and provide you with an estimated turnaround time.

We understand that completing a tax return can be daunting and confusing, which is why we encourage clients to contact us if they have any questions or want to discuss their return further after the initial consultation. Our team is here to support you throughout the entire process, from start to finish.

FAQ's

How long does it take to receive your tax return?

In Australia, once you've submitted your return electronically using the myTax service through the Australian Taxation Office (ATO), it typically takes between 10 and 14 days to to receive your tax return. However, it's important to note that this timeline is only an estimate. Depending on the complexity of your return, it could take longer for the ATO to process your information and issue your refund.

If you're using a registered tax agent, such as MP Tax, the timeline can also vary. We work hard to ensure that our clients receive their returns as quickly as possible, but again, the processing time can depend on a variety of factors. If you're concerned about the status of your return or the length of time it's taking, don't hesitate to reach out to us. We can provide you with an update on the status of your return and give you a better idea of when you can expect to receive your refund.

Do accountants deal with capital gains tax?

Accountants typically deal with capital gains tax (CGT) as part of their accounting services. At MP Tax, part of our services include providing assistance with calculating and reporting CGT liabilities to the Australian Taxation Office (ATO). This will ensure that your CGT obligations are met, and that you are not paying more tax than necessary. Furthermore, Failure to report CGT accurately can result in penalties and interest charges from the ATO. We can also provide advice on tax planning strategies to help minimise CGT liabilities.