Pacific Tax & Accountancy

11/03/2026

Cancelling or reducing your private health insurance may increase your tax at tax time.

You may need to pay the Medicare levy surcharge (MLS) if your income for surcharge purposes is above the threshold, and you don’t have an appropriate amount of health cover.

The income used to work out if you are liable for MLS isn’t just your taxable income, it also includes:

• certain salary sacrifice amounts
• reportable Fringe Benefits
• net investment losses
• certain super contributions
• your partner’s income for surcharge purposes.

Depending on how much you earn, that could be an extra 1%–1.5% of your taxable income.

18/02/2026

Ramadan Kareem!

04/07/2025

TAX TIME 2024–2025
Let Pacific Tax & Accountancy take care of your tax return and BAS lodgement.

✔️ Individual Tax Returns – from $90
✔️ Sole Trader/Self Employed – from $90
✔️ BAS/GST Lodgements – from $60
✔️ Business & Company Returns – pricing based on work scope

Lodge your return your way:
📞 +61470642894 | 💻 Zoom | 🤝 In-person

✅ Registered Tax Agent
✅ Fast, professional, and hassle-free service

📧 [email protected]
🌐 www.pacifictaxes.com.au
📍 Sydney CBD & Ingleburn NSW In Person & Australia Wide (Online)

Professional tax and accountancy services for individuals and businesses. Trust Pacific to manage your financial matters with precision and care.

04/07/2025

04/07/2025

As banks lose some of their appetite for small business lending, accountants have opportunities to help their clients find new finance sources. https://ow.ly/kJUr50Wk9Cc

07/06/2025

Eid Mubarak to all the Muslims ☪️ around the world 🌎 ✨️

25/04/2025

We recently investigated a taxpayer who claimed $3,800 for transporting bulky tools to and from work. He said there was no secure area to store them at his workplace… but when we talked to his employer, they told us that he had a company car and didn’t actually need to transport the equipment 🤔

Since the taxpayer didn’t incur any expenses and knowingly misrepresented his circumstances, we knocked back the claim and applied a penalty.

Read about more dodgy claims and get the low-down on car expenses at ato.gov.au/Media-centre/Media-releases/ATO-driven-to-scrutinise-car-claims-this-tax-time