A Mornington Peninsula institution since 2000... MBA are Accountants and Tax Advisors specialising in Business, Property, and Investors. We can be the difference!

MBA warmly welcomes the team of Stephen Jolley & Co. Stephen Jolley, Lisa Read, Deborah Garside and Elizabeth Jolley will continue to work with all of their valued clients as well as assisting with the ever growing client base of MBA.

We see the 'people' behind the 'numbers'.

At MBA, we understand that your work life and personal life are intrinsically linked and the goals you set for each are heavily impacted by the other. Every set of numbers we look at is somebody's life story. This is why we make sure we take into account and plan for your life circumstances as a whole rather than focusing exclusively on one or the other.

We listen to you, and apply our specialised knowledge in the many areas of accounting and taxation to ensure that your needs are met with the highest quality of advice combined with our friendly personal service.

We offer a full range of targeted services including:

  • Business Accounting and Taxation
  • GST Advice and BAS Preparation
  • Business Improvement, Advice, and Structuring
  • Assistance with Business Purchases and Sales
  • Self-Managed Superannuation Funds (SMSF's)
  • Property Investment Advice and Structuring
  • Establishing Entities including Companies and Trusts
  • Financial Planning and Wealth Creation
  • Tax Planning and Minimisation
  • Personal Tax Returns

Located in Mornington, we service many clients in all nearby suburbs including Frankston, Mount Eliza, Mount Martha, Safety Beach, Dromana, Rosebud, Rye, Sorrento, Portsea, Seaford, Carrum Downs, Langwarrin, Somerville, and Hastings as well us those towns surrounding these suburbs.

These days though, we are finding that geographical proximity to your accountant has diminished in importance due to advancements in technology and an increase in options for communicating effectively so we also have many clients spread around the greater Melbourne metropolitan region, regional Victoria, and several clients interstate.  Essentially, we can work with you closely no matter where you are located!

Tax Matters For Your Airbnb Room Rental

To protect the super balances of all Australians being eroded by unnecessary fees and costs, the Federal Government has passed the “Protecting Your Super” reforms (formally titled Treasury Laws Amendment (Protecting Your Superannuation Package) Bill 2018). This new legislation will apply from 1 July 2019 and includes cancelling insurance for inactive members, changes to fees, and new powers for the Australian Taxation Office (ATO) to transfer and hold inactive, low-balance accounts.

Tax Matters For Your Airbnb Room Rental

myGov has become a target for criticism as certain faults are creating significant pain for accounting practices and, in turn, for our clients.

Tax Matters For Your Airbnb Room Rental

From 1 July 2015, the ATO reduced your options for claiming car expenses down to two methods:

  • cents per kilometre method
  • logbook method
Tax Matters For Your Airbnb Room Rental

 Many people are now renting out spare rooms on Airbnb.   That can be a great idea! –   it’s a fantastic way to earn   some extra cash on the side. But, it’s important to realise   that there are some tax consequences. It’s nothing too     bad… Just things to be aware of.