Annual Financial Statements and Income Tax Returns

Financial statements and income tax returns are crucial tools for businesses to assess their financial health and comply with tax regulations. These documents provide a comprehensive overview of a company's financial activities, including income, expenses, assets, and liabilities, allowing business owners and stakeholders to make informed decisions. Additionally, they serve as the basis for accurate tax reporting to authorities, ensuring compliance with tax laws.

Streamlining Financial Reporting and Tax Compliance

Our expert team simplifies the complex process of preparing financial statements and income tax returns, ensuring accuracy and compliance while identifying potential tax-saving opportunities to maximise your business's financial efficiency.

Our comprehensive financial statement preparation service provides a clear and accurate picture of your company’s financial health. We meticulously analyse your financial data to create detailed balance sheets and income statements. These documents not only help you understand your business’s current financial position but also serve as valuable tools for making informed decisions about future investments,
expansions, or cost-cutting measures.

When it comes to income tax returns, our professionals stay up-to-date with the latest tax laws and regulations to ensure your business remains fully compliant. We carefully review your financial records, identify all applicable deductions and credits, and prepare your tax returns with
precision. Our proactive approach goes beyond compliance; we actively seek opportunities to optimise your tax position, potentially reducing your tax liability and improving your bottom line.

Financial Statements in Australia
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Expert Accuracy and Compliance

Partnering with us ensures that your financial statements and income tax returns are prepared with the utmost accuracy and in full compliance with current regulations. Our team of experienced professionals meticulously review your financial data, minimising the risk of errors that could lead to costly penalties or audits.

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Strategic Tax Optimisation

In addition to compliance, our service focuses on identifying strategic tax-saving opportunities tailored to your business. By leveraging our in-depth knowledge of tax laws and financial strategies, we help you maximise deductions and credits, ultimately enhancing your overall financial efficiency and contributing to your business’s growth.

But don't just take our word for it...
Reviews & feedback
Louise Dawson
Louise Dawson
CEO Australia and New Zealand - DefibsPlus
"We have engaged MGI Dobbyn Carafa for the last 10 years for professional services. We continued to be extremely satisfied with their services as they help us to navigate through a continually challenging compliant landscape in business. MGI Dobbyn Carafa are innovative, professional with a friendly family style which is very disarming when you may feel overwhelmed with the challenges of growing a business."
Simon Meers
Managing Director - AirMet Scientific
"The team at MGIDC provide exceptional business support providing a detailed analysis of our company's financial performance and corporate governance, together with big picutre strategic planning."
Matthew Bleeze
General Manager - Air Powered Services
"We found the D+C team was very easy to work with and provided an efficient, effective, and easy to manage solution and approach to the task. Overall, D+C took the time to get to know about our business and helped create a tailored solution that perfectly suited our needs.”
Mark Emerson
Managing Director - Lighthouse Corporate Coaching
"Anthony has an excellent grasp of the financial drivers of profitability; thinks deeply and effectively about solutions to roadblocks confronting our clients and gets the job done in a timely and effective manner."
Fouad Elsaadi
Operations Manager - Exergenics
“Abhishek Sharma and his team stood out for making the audit process seamless and informative. The MGIDC was always readily available to address our questions and concerns. Their responsiveness created a collaborative and efficient atmosphere, ensuring the audit progressed smoothly.”
Michael Zeng
Michael Zeng
Autorola
"We are very grateful to have MGIDC as our accountants and auditors. Their expertise has been instrumental in managing our financial affairs. From preparing financial statements to advisory services and auditing, Devan, Abi, and the team have consistently demonstrated a high level of professionalism and dedication. Their ability to navigate complex financial matters, meet deadlines, and provide clear, insightful advice has not only saved us money but also given us peace of mind. I appreciate their proactive approach, responsiveness, and the customized service they consistently deliver. We highly recommend MGIDC to anyone seeking a reliable and knowledgeable partner in managing their financial well-being."
John
John Micheloudakis
Air Powered Services
"MGIDC has consistently delivered top-notch services that have greatly contributed to the success of our business. Their attention to detail, and innovative solutions have set them apart in the industry. It is rare to find a supplier that not only meets but exceeds expectations consistently, and MGIDC has managed to do just that. What sets MGIDC apart is not only the quality of their offerings but also their commitment to customer satisfaction. The team is responsive, accommodating, and always goes the extra mile to ensure our needs are not just met but surpassed. Their dedication to building strong, lasting relationships is a testament to their professionalism and integrity."
Gin
Gin
Cellarhand – Financial Controller
"Thank you to Anthony, Chris, Neil and the whole team. Professional yet caring and supportive across all facets of the business. A total game changer for us. Could not recommend highly enough whether it be accounting services or their unrivalled business negotiation skills. Looking forward to many more years working together."
YPS Group
YPS Group
Client
"The YPS Group have been a longstanding client of MGIDC. Anthony Carafa and his team have played an integral role with our investments, property and construction projects, and family affairs. Throughout the years, MGIDC have assisted us with complex accounting and taxation advisory work, superannuation and succession planning, management and financial reporting, family office, lending, and insurance services. We would like to take this opportunity to thank Anthony for his reliability and ability to consistently provide highly technical and broad services. Most importantly, we would like to thank Anthony for his trustworthy and personal approach, and unwavering support for our projects and our family."
headshot woman
Paula
Client
"Cannot be happier with Nick and the team at MGIDC in handling our accounts. Any questions are answered with professionalism, understanding and patience. Nick always makes himself available to answer any concerns and is always quick to respond to emails with curly questions. Extremely satisfied with every interaction I have with the people at MGIDC and would recommend them highly!"

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Unlock Financial Clarity and Tax Savings Today

We are specialists in the preperation of Financial Statements and Income Tax Return Preparation. Reach out to us today for a coffee on us, and let’s discuss your specific requirements.

Request a free phone consult
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Accurate Financial Picture

Financial statements provide a clear and comprehensive view of your business’s financial health. They allow you to track income, expenses, assets, and liabilities, giving you crucial insights into your company’s performance and financial position.

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Informed Decision-Making

With accurate financial data at your fingertips, you can make better-informed business decisions. Financial statements help identify trends, areas of strength, and potential problems, enabling you to strategise effectively for growth and profitability.

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Tax Compliance and Optimisation

Properly prepared tax returns ensure compliance with tax laws, reducing the risk of penalties and audits. Additionally, professional preparation can help identify all eligible deductions, potentially lowering your tax liability and improving your
bottom line.

Risk Management

Credibility with Stakeholders

Well-prepared financial statements and tax returns enhance your credibility with investors, lenders, and partners. These documents demonstrate financial transparency and responsible management, which can be crucial when seeking funding or business opportunities.

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Strategic Planning

Financial statements provide the data necessary for effective long-term planning. By analyzing past performance and current financial position, you can set realistic goals, forecast future trends, and develop strategies to achieve your business objectives.

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Improved Cash Flow Management

Regular financial statement preparation helps you understand your cash flow patterns. This insight allows you to better manage your working capital, plan for expenses, and identify potential cash flow issues before they become critical problems.

What makes MGI Dobbyn Carafa different?
Big firm capability...small firm relationships

Equipped with a team that has the experience and capabilities of a big firm, but maintaining our deep, personal connection is something we pride ourselves on. Our team are highly supported and we are conscious of wanting to keep our numbers small, but our value high.

est.
2006
Decades of expertise

We have a team of experienced professionals from a diverse range of backgrounds, highly qualified for every business need. Some of the qualifications our team possess include:

Australian Financial Services Licence (AFSL)
CA and CPA qualified Accountants
Chartered Tax Advisors
Registered Company Auditors
Masters of Business Adminstration (MBA)
Real Estate Agents Licence
Xero Certified Advisors
+87
Client Net Promoter Score®

We take great pride in our customer service and the deep relationships we have with our clients and we are humbled to learn that our clients feel the same way.

5.33 out of 6 for client satisfaction
5 out of 6 for relationship satisfaction
100% of clients surveyed feel MGIDC positioned to help with acheiving their goals
71% of clients surveyed have annual revenue above $10M, employing 50+ staff
+84
Employee Net Promoter Score®

Much like client NPS®, we take great pride in our employee engagement and the deep relationships we have with our team as we support them on their professional journey.

8.67 out of 10 for employee satisfaction
8.5 out of 10 for career empowerment
Fun; Family; Food - 3 most common words to describe the culture at MGIDC

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Frequently asked questions about Tax and Accounting

Don’t worry – we can help you catch up. Our team specialises in handling tax filings that have been left behind. We do this through ongoing correspondence with the ATO. We will work with you to gather the necessary information, prepare past-due returns,
and develop a strategy to address any potential penalties or interest. We’ll also implement systems to ensure you stay current with future filings.

Yes, our team is equipped to handle both personal and business tax returns. We offer comprehensive tax services for individuals, sole traders, partnerships, companies, and Trusts. Our expertise allows us to navigate the complexities of various tax situations and ensure compliance across the board.

The timeframe can vary depending on the complexity of your financial situation and the completeness of your records. Generally, we aim to complete the preparation of financial statements and income tax returns within 4-6 weeks of receiving all necessary information. We’ll provide you with a more specific timeline during engagement process.

Absolutely! We don’t just prepare financial statements, we also offer detailed explanations and insights. We can schedule a review session where we’ll walk you through your statements, explain key metrics, and discuss how to interpret the data for better decision-making. Our goal is to empower you with financial literacy to enhance your business management.

We offer year-round support to our clients. While tax season is certainly a busy time, we believe in proactive financial management. This includes quarterly check-ins, tax planning sessions, and ongoing advice to help you make informed financial decisions throughout the year. Our continuous support ensures you’re always prepared and never caught off guard by financial or tax issues.

Our fees are competitive and transparent, reflecting the high-quality, specialised service we provide. While we may not be the cheapest option, our clients find great value in our expertise, proactive approach, and the potential tax savings we identify. We offer customised service packages to fit various budgets and needs, and we’re always happy to provide a detailed quote based on your specific requirements.

Have we piqued your interest?

Let us buy you a coffee to discuss your requirements.

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