Tax Health Check Before Tax Audit

The tax health check service provides a detailed review of your business's tax compliance and reporting to ensure consistency with current regulations. We will identify potential risks and areas for improvement, helping you proactively manage tax obligations and avoid costly disputes or penalties. This service will also help with informed decision-making and enhance overall financial governance.

Tax Health Check for better Business Compliance

The tax health check service performs an analysis of your business's tax processes and procedures to identify potential compliance issues early to mitigate risks and reduce tax liabilities.

Our tax health check service offers a detailed evaluation of your business’s tax compliance processes and procedures. By analysing your financial records and tax lodgements, we identify potential areas of non-compliance and recommend corrective actions to ensure your business meets all regulatory requirements. This proactive approach not only helps you stay compliant but also provides peace of mind.

In addition to ensuring compliance, the tax health check service helps uncover opportunities for tax planning strategies. By reviewing your current policies and procedures, we can identify potential tax saving opportunities, such as missed deductions or credits, that could reduce your overall tax liability. This service also highlights any inefficiencies or errors in your tax processes.

The tax health check service is designed to safeguard your business against costly tax disputes or penalties. By addressing potential issues before they escalate, you can avoid the financial and reputational risks associated with tax reviews and disputes. This service is particularly valuable for businesses navigating complex tax environments, ensuring that you are well-prepared to handle any challenges that may arise.

Risk Mitigation

A tax health check proactively identifies potential tax risks and compliance issues before they escalate into significant problems. By conducting a detailed review of tax lodgements and policies and procedures, businesses can address ambiguities and uncertainties in tax laws, reducing the chance of an ATO (Australian Taxation Office) review and avoiding penalties.

Strategic Tax Planning

This service not only helps in identifying current compliance issues but also provides recommendations for improving tax strategies and internal controls. It enables businesses to take advantage of available tax concessions and optimise their overall tax position, which can lead to substantial savings and improved financial health.

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

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 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

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

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."

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

Ensure your business's financial health with our comprehensive tax health check service.

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

Request a free phone consult

Comprehensive Risk Mitigation

Our tax health check service proactively identifies potential tax risks and compliance issues before they escalate into significant problems. We will identify areas of concern across different tax types, helping you avoid financial losses and audits.

Strategic Tax Planning

Beyond compliance, we provide valuable insights for strategic tax planning. Our team identify opportunities for tax savings and optimisation, enhancing your overall financial position.

Expertise-Driven Analysis

Our team possesses a deep understanding of tax laws and regulations, gained through years of experience in tax compliance and reporting. This expertise allows us to offer detailed interpretations and advice tailored to your specific circumstances.

Holistic Approach

We conduct a thorough review of your tax processes, systems, and documentation. This comprehensive evaluation ensures no aspect of your tax health is overlooked, providing a clear picture of your overall tax position.

Customised Solutions

Our service is designed to address your unique needs. Whether you are preparing for a potential audit, adapting to new legislation, or undergoing organisational changes, we tailor our approach to your specific situation.

Ongoing Support

We don’t just identify issues – we provide actionable recommendations for improvement. Our team offers guidance on implementing tax risk frameworks and can assist with ongoing compliance needs, ensuring long-term tax health.

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.