Your needs are broad and varied. No two clients are the same. Ask us about a tailored solution across any and all of the following areas.

Accounting Tax & Superannuation

Accounting, Tax & Superannuation

Who wants to pay more tax than they need to? We specialise in working with Small to Medium Businesses, investors/high net-worth individuals, and retirees, ensuring all your obligations are up-to date. These include:

  • Tax returns, including self-managed superannuation funds (SMSF)
  • Fringe Benefits Tax (FBT)
  • Business Activity Statements (BAS)
  • Company secretarial and ASIC requirements

Most importantly, we work closely with you throughout the year to implement planning strategies to minimise tax.

Business Advisory Services

Business Advisory Services

Small business owners are a busy bunch. We know, because we’ve worked with plenty of them.

They know their business like the back of their hand but can’t justify the expense of hiring a senior finance person full-time. Someone to assist in setting strategic goals and devising mechanisms for monitoring success in achieving them.

This is where we come in.

Whether it’s going knee-deep with you, or acting as a sounding board, we’ve got you covered.

Bookkeeping and Virtual Finance Function

Bookkeeping & Virtual Finance Function

‘The cloud’ is just someone else’s computer, right? Sure, but that doesn’t mean you shouldn’t embrace all that it has to offer.

As a Xero partner, ask us about tailoring a solution that meets your needs; accessing your data anywhere you have an internet connection, making your office paperless, and managing your bookkeeping needs, including payroll.

Anything from day-to-day ins and outs, to cash-flow modelling, can be made pain-free.

Start-ups & Structuring

Start-ups & Structuring

So you’re looking at setting up a new business – congratulations, there’s only about a million things to think about! Structuring can be a fine art, balancing the sometimes-conflicting goals of tax-efficiency, flexibility, asset protection and ease of understanding. Getting it right before you kick off is critical; measure twice, cut once!

Of course, with constant change – tax law, the commercial landscape, the goals of the business owner – your structure should be continuously reviewed.

Exit Strategies & Succession Planning

Exit Strategies & Succession Planning

You’ve run your business for a long time – or maybe someone’s knocked on your door and made you an offer you can’t refuse? The last thing you want to do is hand over half of the fruit of your life’s work to the taxman.

We can walk you through the maze of Capital Gains Tax (CGT), and we know a few shortcuts!

Preparing for a tax-effective retirement (and beyond) starts now.

Debt Solutions & Wealth Management

Debt Solutions & Wealth Management

Our clients look to us for help for more than just tax. Try as we might, we just can’t be everything to everyone. Through our circle of trusted partners however, we can ensure your needs are well taken care of, in areas such as:

  • Sourcing finance for your next car/property/equipment purchase
  • Building wealth, through prudent investment strategies and implementation
  • Personal insurance, including life cover and income protection

The Formic Difference

Say hello to Formic Advisory - more than just another accounting firm.

We offer a full range of financial solutions to our clients to not only ensure they meet with their compliance obligations, but also protect and grow their wealth.

What makes us different to other firms? We bring the best of both worlds; ‘big-firm’ experience and capability from the heart of Collins Street, and personalised service based on close relationships with our clients. We understand that your time is important and pride ourselves on being accessible. Waiting days for an email response is a thing of the past. Embracing technology allows us to share information and data together like never before. In doing so we are able make premium levels of advice and service, more accessible to a greater range of business owners and investors.

We are nimble, responsive and proactive, and above all committed to working side by side with our clients as trusted advisors.

About Michael

It is often said that in today’s world, the only constant is change. Having spent the first 16 years of his career working for a large mid-tier firm in Melbourne CBD, Michael Grapsas has been well placed to not only witness this change, but do so from a unique perspective.

His vision to create a “small, big firm” led to the establishment of Formic Advisory in 2016.  Michael is focused on producing positive outcomes, and understands that for advice to be valuable it not only needs to be innovative but also timely.

A lifelong Collingwood supporter, Michael is a group fitness enthusiast, plays guitar poorly, and loves a good dad joke.


michael grapsas

“Formic Advisory – making accounting great again!”

– Donald Trump

Get In Touch

Despite what you may have heard about accountants, we’d actually really love to speak to you.

So what are you waiting for? Let’s get things rolling.

  • Call us on 03 8691 3196
  • Email us This email address is being protected from spambots. You need JavaScript enabled to view it.
  • Visit us at Level 1, 67 Watton Street Werribee or Level 14, 333 Collins St, Melbourne
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