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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.

Integrity

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.

Innovation

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

Commitment

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 2019 Payers must issue 2018-2019 PAYG Withholding payment summaries to payees (that is, employees and other workers). Y...

05-07-2019 207 1st Quarter 2020 Marco Palma - avatar Marco Palma

Tax Summary 2019

SINGLE TOUCH PAYROLL AND INCOME STATEMENT Employees of employers who are using Single Touch Payroll (STP) will not receive a paym...

05-07-2019 327 1st Quarter 2020 Marco Palma - avatar Marco Palma

Finalising Your Single Touch Payroll Data

You (as the Employer) may be exempt from giving payment summaries and a payment summary annual report for the amounts you reported...

05-07-2019 172 1st Quarter 2020 Marco Palma - avatar Marco Palma

Single Touch Payroll Exemption For Directors And Family Members

The ATO has provided a concession from single touch payroll (STP) for payments by small employers to closely held payees. ...

05-07-2019 238 1st Quarter 2020 Marco Palma - avatar Marco Palma

Unreported ‘Cash In Hand’ Payments To Workers No Longer Tax Deductible

The Australian Taxation Office (ATO) are reminding employers that any unreported ‘cash in hand’ payments made to workers from 1 Ju...

05-07-2019 326 1st Quarter 2020 Marco Palma - avatar Marco Palma

ATO Targeting Laundry And Clothing Claims

The Australian Taxation Office (ATO) has indicated it will be keeping a close eye on deductions claimed for clothing and laundry e...

05-07-2019 243 1st Quarter 2020 Marco Palma - avatar Marco Palma

Main Residence Safe Harbour When Selling An Inherited Property

PCG 2019/5 THE COMMISSIONER'S DISCRETION TO EXTEND THE TWO-YEAR PERIOD TO DISPOSE OF DWELLINGS ACQUIRED FROM A DECEASED ESTATE ...

05-07-2019 216 1st Quarter 2020 Marco Palma - avatar Marco Palma

Inactive Low-Balance Super Accounts

The Treasury Laws Amendment (Protecting Your Superannuation Package) Act 2019 introduced a new category of accounts that need to b...

05-07-2019 345 1st Quarter 2020 Marco Palma - avatar Marco Palma

SMSF News

THE SMSF AUDITOR AND VERIFYING MARKET VALUES IN AN SMSF Two recent cases involving SMSF auditors, Cam & Bear Pty Ltd v. McGol...

05-07-2019 331 1st Quarter 2020 Marco Palma - avatar Marco Palma

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