MDS Accounting & Financial Services

MDS Accounting & Financial Services MDS Accounting is an Australian accounting and advisory firm helping businesses and individuals build strong financial foundations.

We provide expert support across tax, BAS and GST, financial reporting, business structuring, and strategic advisory. MDS Accounting and Financial Services realise the demand from businesses and individuals for a more specialised and proactive accounting services offering, more than mere compliance and taxation. At MDS Accounting & Financial Services, we are continually looking to provide more val

ue to our clients by assisting in all matters of business, financial, personal and strategic. We provide services that position us as valuable partners with our clients and their businesses. We recognise that service delivery is built around relationships and trust, we hope to play an integral role in the success of our clients. Our Mission:
Every-day we assist every client to achieve greater success by helping them to move from where they are now to where they want to be by helping them to;

Legally minimize taxation
Increase profits and earnings
Reduce operating costs and expenses
Build and protect wealth

Our Vision:
To become our clients’ trusted advisers and play a key role in assisting them to achieve their goals in all things financial.

Five years is a long time to trust someone with your numbers.We don’t take that lightly. So when Todd left this review, ...
16/07/2026

Five years is a long time to trust someone with your numbers.

We don’t take that lightly. So when Todd left this review, it landed. The things he named, communication and reliability, are exactly what we try to get right every single time, for the business and the people behind it.

Thank you, Todd. Looking after your business and personal accounting these last five years has been a genuine pleasure.

If you’ve been meaning to find an accountant who actually picks up the phone, we’d love to meet you. Reach out any time.

📞: 03 5333 3453
🌐: mdsaccounting.net.au/contact-us

A self-managed super fund gets talked about like a shortcut to control. It can give you that. But it’s worth seeing the ...
12/07/2026

A self-managed super fund gets talked about like a shortcut to control. It can give you that. But it’s worth seeing the whole picture before you’re drawn in.

In plain English: an SMSF is a private super fund you run yourself, regulated by the ATO, for up to six members. Every member is a trustee, or a director of a corporate trustee. That means you make the investment decisions, and you carry the obligations. The fund has to meet the sole purpose test, pass an independent audit each year, and keep proper records.

For the right person, that control is genuinely valuable. For others, the responsibility outweighs it. Neither answer is wrong. They’re just different situations.

Weighing it up? Talk to us first. DM us SMSF and we’ll send our plain English starter guide.

This is general information only and isn’t financial or tax advice. Please get advice for your circumstances before acting.

📞: 03 5333 3453
🌐: mdsaccounting.net.au/contact-us

There’s a strange urge every July to lodge your tax return the moment you can. Resist it for a couple of weeks.From 1 Ju...
09/07/2026

There’s a strange urge every July to lodge your tax return the moment you can. Resist it for a couple of weeks.

From 1 July the ATO starts pre-filling your return with income, bank interest, dividends, health cover and government payments. Most of that data isn’t final until late July. Employers have until 14 July to mark your income statement “Tax ready.” Lodge before then and you’re guessing at numbers the ATO already has.

The risk isn’t just a small mistake. Leave something off and you may have to amend, which slows your refund and can invite a closer look. Filing early almost never gets you paid sooner.

The sweet spot is late July. Wait until every employer shows “Tax ready” in myGov, then lodge once, properly.

Rather not think about it? Book your return with MDS and we’ll make sure it’s lodged right the first time.

📞: 03 5333 3453
🌐: mdsaccounting.net.au/contact-us

AI has made financial answers faster to reach than ever. That part is genuinely useful. Use it.The trouble starts when a...
07/07/2026

AI has made financial answers faster to reach than ever. That part is genuinely useful. Use it.

The trouble starts when a fast answer gets mistaken for a good decision. A model can lay out what the rules permit. It can’t sit with the worry when the bank balance runs thin, gauge how much uncertainty you can carry, or weigh what your family is working towards. It will hand you an answer. It won’t be accountable for how that answer plays out. You will be.

So let it do the legwork on your options. Then talk the decision through with someone who knows your numbers and has to stand behind the call.

Information is cheap now. Judgment is the part worth paying for.

📞: 03 5333 3453
🌐: mdsaccounting.net.au/contact-us/

An EV can be a genuinely smart business car. It can also cost more than you expect when the tax assumptions are off.Here...
05/07/2026

An EV can be a genuinely smart business car. It can also cost more than you expect when the tax assumptions are off.

Here’s the honest version. A fully electric car priced below the fuel-efficient luxury car tax threshold can qualify for an exemption from fringe benefits tax, which is a real saving. Go above that price ceiling and the exemption no longer applies. Plug-in hybrids lost access to it from 1 April 2025. And owning a car through the company isn’t automatically the cleverest structure for your circumstances.

This area also shifts most years, so an answer from two years ago may not hold today.

Before you commit to anything, it’s worth seeing your actual position in numbers. Comment EV or send us a message, and we’ll work it through with you.

📞: 03 5333 3453
🌐: mdsaccounting.net.au/contact-us

03/07/2026

EOFY doesn’t run itself.

Behind every lodged return, every client call returned same-day, every late finish this week — that’s the MDS team.
No shortcuts. No hand-waving. Just a team that shows up for clients when it matters most.

To the team pushing hard right now: thank you. This is the work that doesn’t always get seen — but it’s the reason clients trust us with the stuff that actually matters.
Here’s to closing out the year strong! 💚

You don’t see most of what happens before a tax return is signed.Right now, as one financial year wraps up and the next ...
30/06/2026

You don’t see most of what happens before a tax return is signed.

Right now, as one financial year wraps up and the next begins, our team is deep in it. Reviewing structures. Flagging loan accounts before they become a problem. Modelling the “what if.” Making sure clients move into the new year with a plan, not a surprise.

That’s the part we love. Not the lodgement itself, but the thinking that makes the lodgement boring, in the best possible way.

To the businesses and families we work with across Ballarat, Melbourne, Brisbane, Bendigo and the Gold Coast: this season is for you. Let’s close one year well and start the next with a plan.

You built an asset. Have you planned its exit?You have spent years building something valuable. Have you spent a single ...
25/06/2026

You built an asset. Have you planned its exit?

You have spent years building something valuable. Have you spent a single hour planning what happens to it?

Here is the hard truth about succession. The businesses that sell well, transition smoothly or pass to family without chaos all have one thing in common. They planned for it years in advance.

The ones that do not? They exit on someone else's terms. At someone else's price. With a tax bill they never saw coming.

Succession planning is not a retirement conversation. It is a strategy you build into the business now, so when the time comes, you are the one in control.

We work with business owners across Australia on exactly this. If you have never had the conversation, that is the first step.

📞 (03) 5333 3453
🔗 mdsaccounting.net.au/book-now

23/06/2026

Save this for all things finance with running a NDIS business! 📈

30 June is closer than it looks. Here are 5 moves worth checking before the financial year closes 👇1. Use your catch up ...
21/06/2026

30 June is closer than it looks. Here are 5 moves worth checking before the financial year closes 👇

1. Use your catch up super before it's gone. Unused concessional (before tax) cap from 2020/21 expires permanently on 30 June 2026 under the five year rule. If your total super balance was under $500,000 on 30 June 2025, this may be your last chance to use it.

2. Top up within this year's cap. The concessional cap is $30,000 for 2025/26, the last year at this level before it rises to $32,500. Concessional contributions can reduce your taxable income and must be received by your fund before 30 June.

3. Business owners, pay employee super before 30 June. It has to be received by the fund (not just accrued) to claim the deduction this year, and the rate is now 12%. This one gets missed constantly.

4. SMSF pension payments. Minimum pension payments must be made before 30 June to keep the fund's tax free status.

5. Don't leave structure to the last week. Trusts, distributions and Division 7A loans are far easier to sort before year end.

We're not just here at tax time. We're here every step of the way.

Book in with our team → mdsaccounting.net.au or call (03) 5333 3453

General information only, not personal advice. Talk to us about your situation before acting. Financial planning services are provided under the relevant AFSL.

Address

702 Sturt Street
Ballarat, VIC
3350

Opening Hours

Monday 8:30am - 5pm
Tuesday 8:30am - 5pm
Wednesday 8:30am - 5pm
Thursday 8:30am - 5pm
Friday 8:30am - 5pm

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