Our team are qualified to perform a variety of financial audits, helping you to see where your business could improve and satisfying statutory auditing obligations.
Audits are a necessary component in maintaining transparency in your business and to ensure that the current processes are in place to maximise future business performance.
ATO Audits
We will assist you with the preparation of audits if you are audited by the Australian Taxation Office.
- For Taxation
- Superannuation audits
- Payroll audits
- Superannuation Guarantee audits
- GST audits
Self-Managed Superannuation Funds
As a trustee of SMSF, you are required to have an annual audit undertaken to ensure compliance. As superannuation legislation and regulations are continually changing, auditing of SMSF’s is becoming more of a specialised area.
If superannuation on the Gold Coast is not one of your primary business focuses, it can often be difficult to maintain a sound knowledge of the legislation and what practices you and your clients should follow to ensure that their funds remain compliant and not in danger of being in breach of the rules.
Master Accounting attends to audits for accountants and their clients across Australia. The key features of the service we provide are:
- All contact with the trustees is via their accountant, thereby protecting the accountant client relationship.
- A reasonable fixed fee applies.#
- An independent audit is obtained.
- Our target is to either complete the audit or have a query listing emailed within fourteen days of receipt of the work. And once any queries have been answered we aim to have the audit finalised within fourteen days.
We offer an experienced team of accountants that has full technical and legal support. If there are any compliance problems with a client’s fund, our experienced personnel can assist the trustees and their accountant to resolve the issue.
#Fees are reviewed at July each year. A reduced first year fee will apply to funds that have a very small number of transactions. Whilst rarely occurring, an additional fee may apply in the second and subsequent years for very complicated funds.
Talk to your Trusted Gold Coast Accountant!
If you’re looking for expert accountants on the Gold Coast, don’t hesitate to get in touch with us at Master Accounting! Whether it’s managing your tax, business finances, or planning for the future, we’re always ready to chat and guide you through your options. Reach out today – we’d love to help!
Not for Profit Organisations
The financial management of your Not for Profit organisation doesn’t have to be complex or time consuming. Why spend unnecessary time trying to navigate the intricacies of legislation and statutory requirements when this time could be better spent promoting your cause or purpose?
At Master Accounting we have extensive experience with the inner workings of NFPs and can offer support to assist you in carrying out your responsibilities. Our skilled team can not only handle your day-to-day accounting; we also undertake regular audits and reviews to ensure your NFP organisation is compliant and sustainable.
We offer a full service following the financial audit and can work with you to address any compliance issues that may arise; helping you to prepare for the year ahead.
We also offer financial audit services for Associations, Co-operatives, Listed and Unlisted Companies, Partnerships and Sole Traders. Contact us today to find out how we can help your business.
Trust Accounts
We provide Trust Account audits for:
- Solicitors
- Accountants
- Real Estate Agents
- Motor Vehicle Trader
Company Audits Gold Coast
A company audit provides an independent review of your business’s financial records, processes and reporting obligations to ensure accuracy, transparency and compliance. At Master Accounting, we provide professional company audit services designed to give business owners, directors and stakeholders confidence that their financial information is reliable and their obligations are being met.
Whether your company requires an audit for statutory purposes, regulatory compliance or improved internal business processes, our experienced team can provide a thorough and efficient audit process tailored to your organisation.
Why Are Company Audits Important?
A company audit is more than just a compliance requirement. It provides valuable insights into the financial health of your business and can help identify opportunities to improve efficiency, strengthen internal controls and reduce potential risks.
Our company audit services can assist with:
- Reviewing financial statements and accounting records
- Identifying areas for improved financial controls and reporting
- Ensuring compliance with relevant legislation and regulations
- Providing independent verification of financial information
- Highlighting potential risks before they become larger issues