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Welcome to MFP & Co

MFP & Co works to the highest standards in providing first class client service. We take a proactive approach and are committed to forming close partnerships with our clients. This way we can understand your unique situation and customise the assistance we provide to suit your needs. We understand the importance of having an accounting firm that is dedicated to finding new and innovative ways of assisting clients to achieve their goals.

Our commitment to excellence is evident in the hardworking nature of our firm and the exceptional services we offer. We specialise in providing small and medium owner-managed businesses with the financial and business advice they require for profitable growth.

The accounting and financial services industry is extremely competitive, especially with some organisations promising the world to acquire clients. At MFP & Co we only offer services to which we are able to deliver in a logical, efficient, effective, and user friendly manner. Our success in this practice finds our clients not only enjoying our services, but also enjoying promoting us to colleagues and associates.


We believe that honesty and consistency is paramount to any service, and as such our promise is to provide the same quality of service throughout our relationship.


Change is inevitable. To maintain the status quo in many instances is the fundamental source of decreasing productivity and wealth.


The agreement and program that is negotiated at inception will be carried throughout our business relationship and expect to be held accountable otherwise.

Latest Newsletter

Key Tax Dates

14 JULY 2021 Payers must issue 2020-2021 PAYG Withholding payment summaries to payees (that is, employees and other workers). ...

01-07-2021 217 1st Quarter 2022 Marco Palma - avatar Marco Palma

Tax Time 2021

SUPER GUARANTEE RATE INCREASE TO 10% On 1 July 2021, the Superannuation Guarantee (SG) rate will rise from 9.5% to 10% - the firs...

01-07-2021 227 1st Quarter 2022 Marco Palma - avatar Marco Palma

Reporting JobKeeper Payments

JobKeeper payments are taxable and need to be included in tax returns. If you are a sole trader who has received JobKeeper paymen...

01-07-2021 838 1st Quarter 2022 Marco Palma - avatar Marco Palma

Extension Of Division 7A Minimum Payment Relief

The Australian Taxation Office (ATO) has announced that taxpayers can apply for an extension of the repayment period where they ar...

01-07-2021 225 1st Quarter 2022 Marco Palma - avatar Marco Palma

ATO Scrutinising Work From Home Deductions

The Australian Taxation Office (ATO) has indicated that it will be focusing on four typical types of expenses relating to working ...

01-07-2021 203 1st Quarter 2022 Marco Palma - avatar Marco Palma

ATO Warning On "Copying And Pasting" Deduction Claims

The Australian Taxation Office (ATO) has released guidance in relation to claiming work-related expenses like car and travel claim...

01-07-2021 220 1st Quarter 2022 Marco Palma - avatar Marco Palma

Family Assistance Payments

If you receive Child Care Subsidy and Family Tax Benefit payments from Services Australia, you and your partner must lodge the 201...

01-07-2021 194 1st Quarter 2022 Marco Palma - avatar Marco Palma

Am I Taxed On An Insurance Payout

Australia has had its fair share of disasters over the last few years – drought, bushfires and floods – that have ramped up the vo...

01-07-2021 257 1st Quarter 2022 Marco Palma - avatar Marco Palma


INCREASE IN SMSF MEMBERSHIP From 1 July 2021, self-managed super funds (SMSF) and small APRA funds (SAFs) will be able to have up...

01-07-2021 264 1st Quarter 2022 Marco Palma - avatar Marco Palma

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