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Full service financial solutions for individuals, businesses and farmers.

Helping you achieve financial security. 

Mulcahy & Co is your hub for professional accounting, taxation, financial planning, legal, loans and finance and marketing services. 

For more than two decades we have provided specialised, personal services for businesses, farmers, individuals and retirees.
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We celebrate 26 years in business in 2024.


The business was established in 1998 by brothers Jamie and Chris Mulcahy. Their goal was to provide a specialised range of personalised taxation and business services for small and medium-size businesses, farmers, wage and salary earners and retirees.


Mulcahy & Co now offer a range of services extending well beyond what is offered by traditional firms of public accountants. The current services have been developed through a solid understanding of the needs and environments in which their clients operate and have been tailored to help their clients make the most of every opportunity while minimising risk...


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Our Services


Accounting

Accounting and taxation is about so much more than compliance. We provide accounting and taxation services, advice and support to ensure you get the best value for your dollar. 

Find out more about our Accounting Services.

Agribusiness

With our team being around farming all of their lives, we are focused on helping farmers achieve financial security. 

Find out more about our Agribusiness Services.

Bookkeeping

We offer an Australia-wide, online bookkeeping services through our subsidiary business Evolve Online Bookkeeping.


Find out more about our Mulcahy & Co Bookkeeping Services.

Financial Planning

Our completely independent financial planning team is licensed directly with the Australian Securities & Investment Commission.

Find out more about Mulcahy & Co Financial Planning.

Legal Services

Our friendly team of solicitors can provide expert advice and guidance when it comes to any law matters. 

Find out more about our Mulcahy & Co Legal Services.

Lending

Whether you need business lending , you’re an individual, business or an investor, we specialise in obtaining the best loan and financial structure for your particular situation.

Find out more about Mulcahy & Co Lending.

Marketing

Offering complete marketing, digital and graphic design services, we help you develop a strong brand identity and marketing strategies to best engage your target market.

Find out more about our Marketing Services.

Financial Security

We all want financial security. Whether you're looking to maximise your financial position, or become financially secure, we can help you get there.

Find out if you are financially secure.
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  • Goals and objectives Picture yourself in 10 years time... Where do you want to be? How are you going to get there? Being clear on your goals and objectives ensures you can develop a strategy to achieve them.
  • Estate plan Only assets owned in your name are covered by your will. Your Estate Plan protects your family from the potential threats that your ill does not.
  • Risk plan Your Risk Plan addresses whether you need to save or insure to protect your family's financial security in the event of an injury, accident or death.
  • Asset protection plan An Asset Protection Plan makes sure your assets are owned in the right names or entities so you limit the risk of them being exposed to creditors.
  • Taxation plan A Taxation Plan structures your affairs so that you legally pay the least amount of tax and retain more of your income.
  • Debt plan A Debt Plan ensures your assets aren't over exposed to debt and structures your debt to maximise tax deductibility of the interest.
  • Retirement plan Retirement is setting the date when you can choose to stop work. Your Retirement Plan details the income and assets you need (in addition to superannuation) to retire and outlines the steps to get there.
  • Business plan Your business value is the one asset or investment that you have full control over. How does the business cashflow, profitability and end value fit with your overall plan? Review the 10 characteristics of what makes a great business to help your business reach its full potential.
  • I.T. plan Your data, your email, your devices – they play a key role in the smooth running of your business. Backups, workflow and ongoing maintenance of technology can be a game changer.
  • Marketing plan Promoting your business to potential clients has many working parts. Generating enquiry and building your brand is key to your business success.
  • Superannuation plan Many people miss out on the enormous tax benefits of superannuation. A Superannuation Plan will ensure you have a strategy to produce greater wealth at retirement.
  • Investment plan An Investment Plan will increase your asset base, while focusing on preserving your capital and managing your risks, to meet your personal and financial goals.

Latest News


30 Sept, 2024
Payday Super Treasury has recently released its Payday Super factsheet which provides further details about the Government’s Payday Super measure – where superannuation will be paid with each payday. Payday Super: A Comprehensive Overview The Australian Government’s introduction of the Payday Super reform marks a significant shift in the Superannuation Guarantee (SG) system. This reform, part of the 2023-24 Budget’s Securing Australians’ Superannuation Package, aims to synchronize the payment of SG contributions with employees’ salary and wages, moving away from the current quarterly requirement. This change is set to take effect from 1 July 2026 . Key Benefits for Employees The Payday Super reform is designed to enhance the superannuation system, ensuring a more secure retirement for Australian workers. By receiving superannuation contributions more frequently, employees can better track their entitlements and reduce the risk of unpaid superannuation. Enhanced Compliance and Enforcement The reform introduces stricter compliance measures to deter superannuation theft. Employers will be required to make SG contributions at the same time as salary and wages, with contributions needing to be received by employees’ superannuation funds within seven days of payday . This change aims to ensure timely and accurate superannuation payments. Potential Challenges and Concerns While the Payday Super reform has clear benefits, it also presents challenges. One concern is the automatic counting of late contributions towards the earliest payday with an outstanding SG shortfall, which could create a series of SG charges until the point of catch-up payment . This places a significant onus on employers to promptly rectify any errors. Additionally, the updated SG charge framework includes several deterrence components, such as a daily compounding interest rate and an administration uplift of up to 60% . These measures are designed to incentivise employers to quickly disclose and rectify unpaid superannuation but may also increase the administrative burden on businesses. Compliance Employers who fail to comply with the Payday Super requirements will face several penalties designed to ensure timely and accurate superannuation contributions: 1. Superannuation Guarantee (SG) Charge The SG charge will be updated to reflect the seriousness of non-compliance in the Payday Super environment. It includes: SG Shortfall Amount: The unpaid superannuation contributions. Daily Interest: Calculated at the general interest charge rate on a compounding basis (currently 11.36% per annum) 1 . Administrative Uplift: An additional charge of up to 60% of the SG shortfall amount to cover enforcement costs 1 . 2. Additional Penalties General Interest Charge: Continues to accrue on any outstanding SG shortfall and notional earnings amounts after assessment by the ATO 1 . SG Charge Payment Penalty: Up to 50% of the outstanding unpaid SG charge amount if not paid within 28 days of the notice of assessment 1 . 3. Non-Deductibility of Penalties While the SG charge itself is tax-deductible, any penalties and interest assessed by the ATO after the SG charge assessment are not deductible 1 . 4. Increased Scrutiny and Compliance The ATO will have increased visibility over payroll data and superannuation fund reporting, allowing for proactive compliance monitoring . Employers who repeatedly fail to comply may face escalating penalties. 5. Voluntary Disclosure Incentives Employers who voluntarily disclose unpaid superannuation and take steps to rectify the shortfall may receive a reduction in the administrative uplift charge 1 . How can you prepare? Employers can take several steps to prepare for the implementation of Payday Super: 1. Ensure that your payroll systems are capable of processing superannuation contributions on a more frequent basis. This might involve updating software or working with your payroll provider to ensure compliance with the new requirements. Xero has advised that it will be updating it’s software to accommodate these changes. 2. Provide training for your payroll and HR staff to ensure they understand the new requirements and processes. This will help prevent errors and ensure timely contributions. 3. Revise your internal policies and procedures to reflect the new Payday Super requirements. Ensure that all relevant documentation is updated and that employees are informed about the changes. 4. Establish clear communication channels with the superannuation funds you work with. This will help ensure that contributions are processed smoothly and any issues are quickly resolved. 5. Implement regular checks to ensure that superannuation contributions are being made on time and in the correct amounts. This can help identify and rectify any issues before they become significant problems. 6. Frequent superannuation payments may impact your cash flow. Plan accordingly to ensure that your business can meet these obligations without financial strain. 7. Consider consulting with us to ensure that your business is fully prepared for the changes. By taking these steps, employers can ensure a smooth transition to the Payday Super system and avoid potential penalties or compliance issues. If you have any specific concerns or need further assistance, feel free to ask!
Family Law Matters - Episode 72 - FS360 Podcast
10 Sept, 2024
Guests: Nadine Udorovic (Partner) & Jordyn Malone (Associate) Nicholes Family Lawyers (www.nicholeslaw.com.au)
Mulcahy & Co FS360 Podcast - Episode 70 - Exchange Traded Funds (ETFs)
09 Sept, 2024
Exchange Traded Funds (ETFs) - Thayne Turley (Financial Planning Director) was joined by Jonathan Tolub from our research partner Investsense to chat about this topic and how Investsense operate as our official research partner to make sure we are always making decisions for the best results for our clients with the lowest amount of risk.
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