MyCA

MyCA MYCA are based in Melbourne. We are registered public practising accounts and registered tax agents

MyC Accountants is a registered public practising accountants and registered tax agents situated in Melbourne. We provide professional services tailored to look after you and your financial circumstances. We understand and provide exactly what you and your business needs. We assist small and medium businesses by providing helpful solutions by offering the right financial advice.

By Meng Hou, Tax Accountant Months ago, a new client engaged me to set up a business structure. He already had an old co...
05/11/2025

By Meng Hou, Tax Accountant Months ago, a new client engaged me to set up a business structure. He already had an old company from a business that had closed years earlier and asked whether he should reuse it to save on setup costs. I advised him not to — because we don’t want to introduce old risks into a new venture....

By Meng Hou, Tax Accountant Months ago, a new client engaged me to set up a business structure. He already had an old company from a business that had closed years earlier and asked whether he shou…

As a tax agent, I see firsthand the challenges we all face in protecting our ATO accounts. I’ve been fortunate so far — ...
28/08/2025

As a tax agent, I see firsthand the challenges we all face in protecting our ATO accounts. I’ve been fortunate so far — only two of my clients have had their accounts compromised, and thankfully they didn’t suffer financial loss. But the aftershocks don’t disappear quickly. Just last week, I received a call from an ATO auditor who was still chasing down details from a case that happened two years ago....

As a tax agent, I see firsthand the challenges we all face in protecting our ATO accounts. I’ve been fortunate so far — only two of my clients have had their accounts compromised, and thankfully th…

When we think of protective gear, we often imagine hazardous worksites—construction zones, mining pits, or laboratories....
11/06/2025

When we think of protective gear, we often imagine hazardous worksites—construction zones, mining pits, or laboratories. But the truth is, risk exists in every workplace. And protective gear can be tax-deductible if it’s used to safeguard you in your specific work environment. It’s not about being dramatic—it’s about being prepared. And yes, the gear can be very personalised…...

When we think of protective gear, we often imagine hazardous worksites—construction zones, mining pits, or laboratories. But the truth is, risk exists in every workplace. And protective gear can be…

Something You Might Not Know You Can Claim Series - It's a big topic, but in this post, I’ll focus on the obvious and ea...
29/05/2025

Something You Might Not Know You Can Claim Series - It's a big topic, but in this post, I’ll focus on the obvious and easy-to-manage examples.

It’s a big topic, but in this post, I’ll focus on the obvious and easy-to-manage examples. Claiming Stationery and Office Supplies Without Receipts When my clients tell me they couldn’t find …

After reading our series, you should feel confident in understanding your business financial reports and recognizing how...
02/04/2024

After reading our series, you should feel confident in understanding your business financial reports and recognizing how we, as experienced accountants, can assist you. In addition to the insights you've gained, we offer support in: Improving your financials to facilitate better business decisions. Boosting cash levels to mitigate business risk. Implementing strategies to safeguard your assets. Adopting best practices for improved decision-making and outcomes....

After reading our series, you should feel confident in understanding your business financial reports and recognizing how we, as experienced accountants, can assist you. In addition to the insights …

After following our previous three chapters, you now understand, Overall, these financial reports collectively provide a...
18/03/2024

After following our previous three chapters, you now understand, Overall, these financial reports collectively provide a comprehensive view of a company's financial performance, position, and cash flows, enabling stakeholders to make informed decisions about the business. Let's now delve into the difference between cash and profit: • Cash: Cash refers to the actual money a company has on hand, including physical currency, bank deposits, and equivalents that can be readily accessed to meet immediate financial obligations....

After following our previous three chapters, you now understand, Overall, these financial reports collectively provide a comprehensive view of a company’s financial performance, position, and…

We covered the most common two reports in our last chapter - performance and position reports. Now, there are another tw...
04/03/2024

We covered the most common two reports in our last chapter - performance and position reports. Now, there are another two reports you saw in your financial statements pack: Cash Flow Statement: Purpose: Tracks the inflow and outflow of cash during a specific period, illustrating how cash is generated and used by the business. Information Provided: Operating Activities…...

We covered the most common two reports in our last chapter – performance and position reports. Now, there are another two reports you saw in your financial statements pack: Cash Flow Statemen…

You don’t have to be an accountant or bookkeeper to understand your numbers, just as you don’t have to be a mechanic to ...
18/02/2024

You don’t have to be an accountant or bookkeeper to understand your numbers, just as you don’t have to be a mechanic to drive a car. Having an overall understanding of your financial reports puts you in a far stronger position to make better decisions. Let's delve into the key financial reports and what they tell you about your business from an accounting perspective....

You don’t have to be an accountant or bookkeeper to understand your numbers, just as you don’t have to be a mechanic to drive a car. Having an overall understanding of your financial reports puts y…

An Introduction to Financial Reports In the intricate dance of business operations, where decisions can make or break a ...
05/02/2024

An Introduction to Financial Reports In the intricate dance of business operations, where decisions can make or break a venture, one truth stands tall: knowledge is power. Specifically, in the financial realm, understanding your numbers is the linchpin to sustainable success. Welcome to the realm of financial reports—a critical component that goes beyond mere bookkeeping. In this series, we embark on a journey to unravel the significance, nuances, and practical applications of financial reports....

An Introduction to Financial Reports In the intricate dance of business operations, where decisions can make or break a venture, one truth stands tall: knowledge is power. Specifically, in the fina…

After spending three or four decades navigating life's journey, you might sense that there's more to experience. However...
20/01/2024

After spending three or four decades navigating life's journey, you might sense that there's more to experience. However, discussing financial struggles can be daunting, especially if managing money isn't your forte. Perhaps you find yourself clueless about where your hard-earned money goes, and this silence perpetuates the cycle. Picture yourself tirelessly paddling beneath the surface, striving to stay afloat amidst the waves of mortgage and credit card payments....

After spending three or four decades navigating life’s journey, you might sense that there’s more to experience. However, discussing financial struggles can be daunting, especially if m…

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Level 22, 120 Spencer Street
Melbourne, VIC
VIC3008

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