Gainrite Accountants

Gainrite Accountants We are a unique taxation and business accounting firm here in Melbourne, Australia. We are a leading solution provider with client base all over Australia.

We are proud to offer a wide selection of tax and business accounting services. We service anyone and can deliver in a short measure of time. It doesn’t matter if you are an expansive corporation or an individual that just needs our services. Our purpose is to help you expand your business horizons. We provide a broad range of federal, international and local business accounting, taxation, and other compliance services.

💡 Medicare Levy Relief for Low-Income Earners 🇦🇺Did you know? Eligible low-income earners may pay a reduced Medicare lev...
30/05/2026

💡 Medicare Levy Relief for Low-Income Earners 🇦🇺

Did you know? Eligible low-income earners may pay a reduced Medicare levy — or no Medicare levy at all.

📌 Depending on your income and personal circumstances, you could qualify for:
✅ A reduced Medicare levy
✅ A full exemption from the Medicare levy
✅ Extra threshold benefits for families, seniors & pensioners

Understanding your eligibility can help you avoid paying more tax than necessary.

📞 Need help with your tax return or Medicare levy assessment?
Gainrite Accountants is here to help!

📱 0426 261 300
☎️ 03 9088 8733
📧 [email protected]
🌐 www.gainrite.com

⚠️ Need Help Getting Back on Track with Your Trust Obligations?Managing a trust comes with important tax and reporting r...
29/05/2026

⚠️ Need Help Getting Back on Track with Your Trust Obligations?

Managing a trust comes with important tax and reporting responsibilities — but if you've fallen behind, support is available.

📌 Common trust obligations include:
✅ Lodging trust tax returns on time
✅ Keeping accurate records
✅ Reporting trust income correctly
✅ Meeting ATO compliance requirements

If you’re behind on your trust obligations, taking action early can help reduce stress, avoid penalties, and get your affairs back in order. ()

Gainrite Accountants can help you understand your obligations and guide you through the process.

📞 Get expert support today:
📱 0426 261 300
☎️ 03 9088 8733
📧 [email protected]
🌐 www.gainrite.com

🌏 Understanding Australian GST for Non-Resident BusinessesIf you’re selling goods or services to Australian customers, G...
28/05/2026

🌏 Understanding Australian GST for Non-Resident Businesses

If you’re selling goods or services to Australian customers, GST may apply—even if your business is overseas.

💡 Key Points:
🔹 GST in Australia is 10% on most goods and services
🔹 Applies to sales connected with Australia (including digital products, services, and low-value goods)
🔹 You may need to register for GST if your turnover exceeds $75,000
🔹 GST must be collected, reported, and paid to the ATO

Staying compliant ensures smooth business operations and avoids penalties.

💼 Need help with GST compliance or international tax?
Gainrite Accountants is here to guide you.

📞 0426 261 300 | 03 9088 8733
📧 [email protected]
🌐 www.gainrite.com

💼 Setting Up Your SMSF? Don’t Miss This Step!A dedicated SMSF bank account is essential to manage your fund properly. It...
28/05/2026

💼 Setting Up Your SMSF? Don’t Miss This Step!

A dedicated SMSF bank account is essential to manage your fund properly. It helps you receive contributions, pay expenses, and keep your super separate from personal finances.

✔️ Open the account in your SMSF’s name
✔️ Keep all fund transactions separate
✔️ Use it for contributions, rollovers & expenses
✔️ Notify the ATO once it’s set up

Staying compliant from day one is key to protecting your retirement savings.

📞 Need help setting up your SMSF correctly?
📱 0426 261 300
☎️ 03 9088 8733
📧 [email protected]
🌐 www.gainrite.com

⏰ GST Reminder: Jan–Mar 2026Don’t forget to lodge and pay your GST for the Jan–Mar 2026 quarter by 26th May 2026. Stay c...
23/05/2026

⏰ GST Reminder: Jan–Mar 2026

Don’t forget to lodge and pay your GST for the Jan–Mar 2026 quarter by 26th May 2026. Stay compliant and avoid penalties!

✔ Accurate records
✔ Timely lodgement
✔ Stress-free compliance

Let Gainrite Accountants handle it for you. 💼

📞 0426 261 300
☎️ 03 9088 8733
📧 [email protected]

🌐 www.gainrite.com

💵 Extra $250 in Your Pocket for Working Australians! 🇦🇺Starting from 1 July 2027, eligible Australian workers may receiv...
13/05/2026

💵 Extra $250 in Your Pocket for Working Australians! 🇦🇺

Starting from 1 July 2027, eligible Australian workers may receive a permanent $250 annual tax offset through the new Working Australians Tax Offset (WATO).

📌 Key Highlights:

✅ $250 automatic tax offset for eligible workers
✅ Applies to wages, salaries & sole trader business income
✅ Increases the effective tax-free threshold to nearly $19,985
✅ Up to $24,985 for eligible low-income earners receiving LITO
✅ Automatically applied in your tax return from 2027–28

The Government says this measure, combined with upcoming tax cuts and the $1,000 instant work-related deduction, could save average workers up to $2,816 per year. 💵

⚠️ Proposed changes are subject to legislation and final approval.

📞 Need help understanding how these tax changes may affect you?
📱 0426 261 300
☎️ 03 9088 8733
📧 [email protected]

🌐 www.gainrite.com

2026–27 FEDERAL BUDGETNEGATIVE GEARING CHANGES📅 Budget Announcement – 12 May 2026🏠 THE PROPOSED CHANGE:From 1 July 2027,...
13/05/2026

2026–27 FEDERAL BUDGET
NEGATIVE GEARING CHANGES

📅 Budget Announcement – 12 May 2026

🏠 THE PROPOSED CHANGE:

From 1 July 2027, negative gearing on residential properties may apply to new builds only.

1️⃣ IF YOU PURCHASED BEFORE 12 MAY 2026:

✅ No changes proposed
* Existing owners may continue to claim full negative gearing benefits until the property is sold.

2️⃣ IF YOU BUY AFTER THE ANNOUNCEMENT:
Existing Properties:

* Rental losses may only offset other property income
* Losses may not offset salary/wages
* Unused losses may be carried forward

New Builds:

✅ Negative gearing benefits may continue
* Losses can still offset wages and other income

3️⃣ IF YOU BUY FROM 1 JULY 2027:
Existing Properties:

❌ No negative gearing proposed

New Builds:

✅ Negative gearing retained
* Losses may still offset wages and other income

⚠️ These are proposed changes and may be subject to legislation and government approval.

📞 Speak with Gainrite Accountants for guidance on your investment property and tax planning.

📱 0426 261 300
☎️ 03 9088 8733
📧 [email protected]
🌐 www.gainrite.com

Address

9 SARGENT Street
Melbourne, VIC
3977

Opening Hours

Monday 10am - 6pm
Tuesday 10am - 6pm
Wednesday 10am - 6pm
Thursday 10am - 6pm
Friday 10am - 6pm
Saturday 10am - 6pm

Telephone

+61426261300

Website

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