Your trusted business and tax advisor

With a solid foundation of knowledge as Accountants, our Business and Tax Advisory team can not only provide accurate and timely compliance reporting, but also help interpret these reports, so you can shape your future.

Accounting, tax and compliance is our bread and butter

Accounting and Tax Compliance is the foundation of all of the services we offer at MGIDC...so it's important to get it right!

MGI Dobbyn Carafa form one of the leading Business and Tax Advisory teams in an accounting firm in Melbourne.  We understand the compliance process better than anyone; and our focus is to ensure that your compliance is not only accurate and timely, but that it also provides you valuable insights.  

Whether you are a small business owner that requires genuine guidance to navigate the compliance minefield; or a family group that has a number of different entities of complexity, we have solutions for you.

No matter the context, our team have a solid grounding as we invest heavily in our team and processes to ensure that you find our outcomes valuable.

Tax Accountants Melbourne

We invest heavily in our training and development

Having the right answer when it matters means that we can provide sound and practical advice when it counts. This is why we invest heavily in our teams’ development and knowledge.

We automate using technology

Being a cloud based firm, we have invested in our processes and technology so that we spend less time crunching numbers and more time advising clients.

But don't just take our word for it...
Reviews & feedback
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!"

Our Accounting Services

'It's accrual world'

Our most common services are listed below, but let us buy you a coffee to discuss your specific requirements.

Request a free phone consult

Financial statements and tax returns

Many organisations undervalue the importance of accurate and timely financial reporting.  Whilst you might not get as excited by the numbers as we do, we pride ourselves of our preparation; and our ability to keep up to date with the latest legislation changes to ensure the best possible tax position for your structure.

Management Reporting Packs

If you are a proactive business owner…wouldn’t it be nice to have a good grasp on the financial position of your business, with insights provided to help you make decisions NOW.  Well our Management Report Packs allow just that with a full set of financials completed monthly/quarterly, and a detailed analysis provided.  Take the guess work out of running your business.

Taxation Planning

Every year, many of our clients participate in our tax planning.  Tax planning is the process of preparing your tax position for the end of the financial year before time, so that you can see what tax implications you may be faced with.  The advantage of seeing it before time, means that we can setup structures or plan the best course to ensure you get the most optimised tax position possible.

Structuring and asset protection

The correct structure setup is not only the best way to ensure you have the most optimal tax structure, it is critical for asset protection.  The risks of operating a business are great; so you need to ensure that you are operating in a structure that offers you the greatest protection.  We help by providing advice around the most optimal structure for you.

Virtual CFO

The highest performing teams are assembled with mutually reinforcing strengths.  Numbers are our strength…so what better way to ensure that your business is performing optimally than getting one of our team involved on a regular basis.  From Payroll assistance, to cashflow management, our Virtual CFO services will ease your financial management concerns.

Other compliance

Along with year end compliance, our accounting firm in Melbourne also handles all other regulatory compliance services such as Business Activity Statement preparation, IAS, PAYG summaries, Payroll Tax, Land Tax, R&D concessions and more.

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

Meet Our Tax Accountants

Our Core Services

Accounting, Tax & Advisory

Audit & Assurance

Blockchain & Crypto Advisory

Business Continuity Consulting

Corporate Advisory

Family Office

Lending and Finance

Business Sale Advisory

Management Reporting

Risk Advisory

Sell My Business

Strategic Consulting

Succession Planning

Virtual CFO

Frequently asked questions about Tax and Accounting

Taxation compliance in Australia refers to the obligation of taxpayers to comply with the tax laws and regulations established by the Australian Taxation Office (ATO) to ensure they pay taxes correctly and on time. Taxpayers are required to maintain accurate records and lodge their tax returns by the due date. In Australia, the ATO is responsible for enforcing compliance measures by conducting audits and reviews of taxpayer records to verify their tax returns and ensure they comply with tax laws. It’s worth noting that the ATO provides an online service (‘myGov’) where individual taxpayers can lodge their income tax returns directly to the ATO.

The ATO uses various measures to promote compliance with the tax laws, including providing information, education, and support to taxpayers to help them understand their rights and obligations. It also employs strategies such as risk assessment and treatment, targeted compliance activities, and debt and lodgement programmes to ensure taxpayers are complying with tax laws.

Taxation compliance plays a crucial role in Australia’s tax system to ensure that taxpayers contribute their fair share towards the funding of public services and government programs. Failure to comply with tax laws can attract penalties, interest charges, and/or legal action.

Accounting compliance in Australia is essential for several reasons. The purpose of accounting compliance is to ensure that financial information is accurately recorded, reported, and disclosed in accordance with the applicable accounting standards and regulations.

By adhering to accounting compliance requirements, businesses and organisations in Australia can achieve the following objectives:

Transparency and Accountability: Accounting compliance helps contribute to transparency and accountability by ensuring that financial information is reliable and can be trusted by stakeholders, such as investors, creditors, and regulators.

Standardisation: Compliance with accounting standards promotes consistency and comparability in financial reporting, allowing stakeholders to make meaningful comparisons and assessments of different entities.

Legal and Regulatory Requirements: Accounting compliance is necessary to fulfill the legal and regulatory obligations imposed by various authorities, such as the Australian Securities and Investments Commission (ASIC) and the Australian Accounting Standards Board (AASB). Compliance with these requirements helps entities avoid penalties and legal consequences.

Financial Decision-Making: Accounting compliance provides accurate and timely financial information to stakeholders, enabling them to make informed decisions regarding investments, loans, and other financial transactions.

Investor Confidence: Compliance with accounting standards builds investor confidence in the financial statements of entities, as it assures stakeholders that the financial information is prepared in accordance with established principles and guidelines .

Financial Statement Audits: Accounting compliance facilitates external audits of financial statements, providing assurance to stakeholders about the accuracy and completeness of the reported financial information.

Accounting compliance in Australia is essential for several reasons. The purpose of accounting compliance is to ensure that financial information is accurately recorded, reported, and disclosed in accordance with the applicable accounting standards and regulations.

By adhering to accounting compliance requirements, businesses and organisations in Australia can achieve the following objectives:

Transparency and Accountability: Accounting compliance helps contribute to transparency and accountability by ensuring that financial information is reliable and can be trusted by stakeholders, such as investors, creditors, and regulators.

Standardisation: Compliance with accounting standards promotes consistency and comparability in financial reporting, allowing stakeholders to make meaningful comparisons and assessments of different entities.

Legal and Regulatory Requirements: Accounting compliance is necessary to fulfil the legal and regulatory obligations imposed by various authorities, such as the Australian Securities and Investments Commission (ASIC) and the Australian Accounting Standards Board (AASB). Compliance with these requirements helps entities avoid penalties and legal consequences.

Financial Decision-Making: Accounting compliance provides accurate and timely financial information to stakeholders, enabling them to make informed decisions regarding investments, loans, and other financial transactions.

Investor Confidence: Compliance with accounting standards builds investor confidence in the financial statements of entities, as it assures stakeholders that the financial information is prepared in accordance with established principles and guidelines.

Financial Statement Audits: Accounting compliance facilitates external audits of financial statements, providing assurance to stakeholders about the accuracy and completeness of the reported financial information.

Overall, accounting compliance plays a crucial role in maintaining the integrity and trustworthiness of financial information in Australia, helping to foster a healthy and transparent business environment.

Tax compliance is important in Australia for several reasons. Such as:

Funding Government Services: Taxation is the primary source of revenue for the Australian government. Compliance with tax obligations ensures that the government has the necessary funds to provide essential public services such as healthcare, education, infrastructure, and social welfare.

Fairness and Equity: Tax compliance helps ensure a fair and equitable distribution of the tax burden among taxpayers. When everyone fulfills their tax obligations accurately, it prevents the burden from falling disproportionately on a few individuals or businesses. This promotes social cohesion and trust in the tax system.

Law and Governance: Tax compliance is a legal requirement. By complying with tax laws, individuals and businesses adhere to the legal framework established by the Australian government. Non-compliance can lead to penalties, fines, and legal consequences. Maintaining tax compliance supports good governance and upholds the rule of law in society.

Maintaining Economic Stability: Tax compliance supports economic stability by providing a stable and predictable revenue stream for the government. With adequate tax revenue, the government can implement economic policies, invest in infrastructure, and support economic development and growth.

Supporting Public Infrastructure and Services: Tax compliance helps finance the construction and maintenance of public infrastructure, such as roads, bridges, and public transportation. It also contributes to the funding of essential public services like healthcare, education, and defence.

Maintaining International Reputation: Compliance with tax obligations contributes to Australia’s reputation as a reliable and transparent business environment. A robust tax compliance framework instills confidence in investors, both domestic and international, and helps attract investment to the country.

In summary, tax compliance is important in Australia for funding government services, ensuring fairness, upholding the law, maintaining economic stability, supporting public infrastructure and services, and preserving the country’s international reputation.

Have we piqued your interest?

Let us buy you a coffee to discuss your requirements.

Request a free phone consult
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