MaxMargin Accountants

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MaxMargin Accountants MaxMargin Accountants is a Certified Practising Accountants and Registered Tax Agents Practice.

MaxMargin Accountants is a Certified Practising Accountants and Registered Tax Agents Practice based in Wyndham Vale, Victoria.

31 October falls on a Saturday this year, and that changes one tax deadline but not the other.Lodging your own return? T...
19/10/2026

31 October falls on a Saturday this year, and that changes one tax deadline but not the other.

Lodging your own return? The ATO says that if 31 October falls on a weekend, the due date is the next business day. For 2026, that's Monday 2 November.

Using a registered tax agent? The ATO says you need to engage them before 31 October. Agents can generally lodge for clients later than that, but 31 October is also the final date for an agent to add new clients for this year's program. So don't leave the phone call to Monday.

One more thing: if you had prior-year returns outstanding at 30 June 2026, those all need to be lodged by 31 October to keep access to the agent's later dates.

If you're in Williams Landing, Point Cook, Tarneit, Werribee or Hoppers Crossing and still need someone to look after this year's return, call us this week.

General information only, not personal tax advice. Speak to us about your situation.

Sources: ato.gov.au

Card surcharges ended on 1 October. If you run a cafe, shop, salon or trade business, here's what that means for you.Bus...
08/10/2026

Card surcharges ended on 1 October. If you run a cafe, shop, salon or trade business, here's what that means for you.

Businesses can no longer add a surcharge to card payments, on the eftpos, Mastercard and Visa networks (RBA). Debit, credit and prepaid cards are all covered (RBA).

What you can still do:
- Charge a clearly disclosed weekend or public holiday surcharge.
- Offer a clearly disclosed discount for cash or PayID.

What to check this week:
- Your terminals, POS and invoicing software for any surcharge still switched on.
- Your merchant statements, so you know what card payments really cost you.
- Your pricing, and how your staff will explain any change. If you change a price, don't mislead customers about why.

The RBA expects lower interchange caps to cut merchants' wholesale card costs by around $910 million a year. Whether your business sees any of that depends on your provider, so ask them.

Business owners in Williams Landing, Point Cook, Tarneit, Werribee and Hoppers Crossing: if you'd like a second look at your numbers before you reprice, we can help.

General information only, not personal financial advice. Speak to us about your situation.

Sources: asbfeo.gov.au; rba.gov.au

Bookkeeper, tax agent, business adviser: three roles, three jobs. Here is the difference in plain English.A bookkeeper r...
29/09/2026

Bookkeeper, tax agent, business adviser: three roles, three jobs. Here is the difference in plain English.

A bookkeeper records the transactions.

A tax agent prepares and lodges the returns.

A business adviser reads what the numbers mean for your decisions.

An adviser works with the whole picture: cash flow, margins, pricing, structure, debt, and the plan for the next year or two. It is the difference between knowing what your business did and deciding what it should do next.

You might benefit from a business adviser when:

You are making decisions on gut feel.

Cash flow never behaves the way the profit says it should.

You are about to hire, buy, restructure or exit.

You want an outside view of your numbers.

Good advice is not a guarantee. It is specific to your business and your numbers.

If you run a business in Williams Landing, Point Cook, Werribee, Tarneit or Hoppers Crossing and want a second set of eyes on the plan, we can help.

General information only, not personal financial advice.

The ATO publishes where it looks for small business. Here is what it is focusing on this year.Four themes are set out in...
22/09/2026

The ATO publishes where it looks for small business. Here is what it is focusing on this year.

Four themes are set out in the ATO's small business focus areas (updated February 2026):

1. Omitted income: business money used for personal benefit, contractors leaving income out, cash used to dodge obligations.

2. Deductions and concessions: non-commercial losses, small business CGT concessions, over-claimed expenses and GST credits.

3. Operating outside the system: FBT on private use of work vehicles, GST for ride-sourcing, tax and super risks in property and construction.

4. Building good habits: some businesses moved from quarterly to monthly GST reporting.

The ATO's own line is that most small businesses try to do the right thing, and firmer action targets those who knowingly do the wrong thing.

For owners in Point Cook, Werribee, Tarneit or Williams Landing, the takeaway is simple: keep records, declare all income, claim what you are entitled to, and ask before you lodge if you are unsure.

General information only, not personal tax advice.

Sources: ato.gov.au

Good news for small businesses: the $20,000 instant asset write-off is now permanent.Announced in the 2026-27 Budget in ...
17/09/2026

Good news for small businesses: the $20,000 instant asset write-off is now permanent.

Announced in the 2026-27 Budget in May and passed into law in August, the change means small businesses with an aggregated turnover under $10 million can instantly deduct eligible assets costing less than $20,000 each, from 1 July 2026 (ATO).

What that means in practice:

The $20,000 limit applies per asset, so you can write off multiple purchases in the one year.

Assets at or above $20,000 go into the simplified depreciation pool: 15% in the first year, then 30% after.

A pool balance under $20,000 at year end can also be written off.

A write-off only helps if the purchase genuinely fits your business, so plan the purchase, not the deduction.

Thinking about equipment or a vehicle for your Point Cook, Werribee or Tarneit business? Talk to us first.

General information only, not personal tax advice. Speak to us about your situation.

Sources: ato.gov.au

Your Q1 BAS for this financial year is due 28 October. That is 81 days away. If you are self-employed, a sole trader, or...
02/09/2026

Your Q1 BAS for this financial year is due 28 October. That is 81 days away. If you are self-employed, a sole trader, or running a small business, here is what you need to know right now.

The penalty unit just went up to $364 (indexed 1 July). A late BAS attracts one unit per 28 days, up to 5 units. That is $1,820 per overdue BAS. And GIC — the interest the ATO charges on outstanding amounts — is no longer tax-deductible.

The ATO's own advice: lodge on time even if you cannot pay. Then arrange a payment plan.

Need your BAS prepared and lodged properly? We are in Williams Landing. General information only — not personal tax advice. Come and talk to us about your situation.

Sources: ato.gov.au, Australian legislation

If you studied this year to maintain or improve your current job skills, the old $250 non-deductible threshold no longer...
31/08/2026

If you studied this year to maintain or improve your current job skills, the old $250 non-deductible threshold no longer exists. It was removed in July 2022, but plenty of taxpayers are still short-changing themselves because the old rule is still floating around online.

FEE-HELP = deductible at census date. HECS-HELP = never deductible. And if your course qualifies you for a brand new career rather than building your current one, it is not claimable.

General information only — sit down with us at Williams Landing and get the numbers right.

Sources: ato.gov.au (self-education expenses, updated June 2026), TR 2024/3

Happy Raksha Bandhan to everyone celebrating today. 🧡A thread tied on the wrist, a promise to look out for each other, a...
28/08/2026

Happy Raksha Bandhan to everyone celebrating today. 🧡

A thread tied on the wrist, a promise to look out for each other, and a good excuse for the whole family to be in one room.

To all the brothers and sisters across Melbourne's west and beyond, we hope it is a lovely one.

From all of us at MaxMargin Accountants.

If you own a rental property, the ATO has your bond lodgment data. And your property manager's software data. And they a...
24/08/2026

If you own a rental property, the ATO has your bond lodgment data. And your property manager's software data. And they are matching both against your tax return.

9 in 10 rental schedules contain errors, per the ATO's Random Enquiry Program. The most common ones: mixing repairs with improvements, getting loan-interest apportionment wrong, and claiming depreciation on second-hand assets that has not been available since 2017.

General information only. Come and talk to us at MaxMargin in Williams Landing if you want your rental deductions walked through properly.

Sources: ato.gov.au

Address

Suite 5. 10, Level 5, 101 Overton Road
Williams Landing, VIC
3027

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

+611300886518

Website

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