As per the regulations of Chartered Accountants Australia, only registered Chartered Accountants can carryout Registered Company Audits (‘RCAs’). Fortunately, at Synergy Accountants and Estate Planners, we have Shane Brewer, who is authorised to conduct Registered Company audits and more.
Some of the auditing services which Synergy and Accountants and Estate Planners can assist you with include:
Financial Statement Audits
The purpose of a financial statement audit is to add credibility to the reported financial statements and performance of a business. These give peace-of-mind to investors and directors.
Self-Managed Super Funds
Under the current Australian guidelines, self -managed super funds must be audited annually and conducted by an auditor who is registered with ASIC – of which Synergy Accountants and Estate Planners are. Audits are still required even when no contributions have been made to the fund and no benefits have been paid out in a financial year.
Company Audits
Companies operating in Australia are required to prepare and lodge annual financial reports with ASIC. These reports are also required to be audited annually.
Not for Profit (NFP) Club, Committee or P&C’s.
If your association falls under Level 2 or 3 of the Collections Act 1966 or Gaming Machine Act 1991, then an auditor or certified account or person approved by the Office of Fair Trading must verify your financial statements.
Trust Account Audits
The purpose of a Trust Account audit is to ensure that money held in Trust has been kept appropriately. Audits are required regularly and failure to conduct an audit can result in hefty fines and possible imprisonment.
What sort of information do you need to provide for your audit?
Records can be presented in hard copy or electronically. To give you an idea of the types of documents required for a financial audit, here is a short list of the records which we may require:
- Relevant invoices;
- Relevant receipts;
- Relevant cheques;
- Cash records;
- Bank Statement and loan documents;
- Deeds;
- Statement of financial position and more
A full list of the documents you may be required to provide, can be found with ASIC. More information with regards to auditing requirements, including when an audit may be required, can be found in this document , by CPA Australia. Alternatively, we will advise you what to bring to your relevant audit appointment.
Our Commitment
To Exceptional Service
Our commitment to excellence is evident in our hardworking team and the exceptional service we offer. Whether you are experienced or totally new to working with a financial advisor, we will ensure you have a pleasant and stress free experience. All your rights, responsibilities and options will be explained to you in plain English, so you feel confident and empowered to make the right choices. Our enthusiasm for our work means you get a friendly team of professionals eager to use their expertise to help you succeed! You may be surprised at the difference that can be made with just a few small changes, whether it be a whole different approach to the way you grow your wealth, or simply a fresh take on budgeting.
182300+
Working age people in the Mackay Region
32+
Upcoming Key Dates You Should Know
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“Growth is never by mere chance; it is the result of forces working together.” – James Cash Penney, Founder of JCPenney
Whatever strategy you choose, you need start working on it. Planning in advance gives you time to do it right and maximize your returns.
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Satisfied Client Stories
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Don’t just take our word for it, see some of our satisfied clients below.
Upcoming Key Dates
January 2021
4 Jan 2021 – JobKeeper fortnight 21 starts JobKeeper Payment extension 2 starts Due date to meet wage condition for JobKeeper fortnight 20
18 Jan 2021 – JobKeeper fortnight 22 starts
21 Jan 2021 – December monthly BAS due
28 Jan 2021 – Super guarantee contributions for Q2 (Oct – Dec) is due by today. Business monthly declarations for JobKeeper fortnights 18, 19 & 20
31 Jan 2021 – Date to meet wage condition for JobKeeper fortnights 21 & 22
Feb 2021
3 Feb 2021 February fuel tax credit rates change
21 Feb 2021 Lodge and pay January BAS (if you lodge monthly).
28 Feb 2021 Lodge and pay Q2 (Oct– Dec) BAS (if you lodge quarterly).
March 2021
1 Mar 2021 December quarter SG charge statement due December quarterly BAS due December quarter PAYG instalment due
21 Mar 2021 Lodge and pay February BAS (if you lodge monthly).
28 Mar 2021 JobKeeper Payment extension 2 finishes
April 2021
21 Apr 2021 Lodge and pay March BAS (if you lodge monthly).
28 Apr 2021 Lodge and pay Q3 (Jan– March) BAS (if you lodge quarterly).
March quarter PAYG instalment due
March quarter super guarantee due
May 2021
15 May 2021– Company income tax returns due for lodgement and payment.
15 May 2021 – Partnership & Trust Income tax returns due for lodgement.
21 May 2021 – The Fringe Benefit Tax return is due by today if you lodge by paper.
21 May 2021 – April monthly BAS due
28 May 2021 – The Fringe Benefit Tax return is due by today if you lodge electronically. *Note: The FBT tax year runs from 1 April to 31 March.
28 May 2021 – March quarter SG charge statement due
June 2021
21 Jun 2021 – Lodge and pay May BAS (if you lodge monthly).
30 Jun 2021 – Prepare for end of financial year and wrap up your books for the 2020/21 year.
July 2021
1 July 2021 – Individual income tax returns due from now until 31 October if preparing and lodging yourself.
14 July 2021 – Employers must issue PAYG withholding payment summaries to employees by today.
21 July 2021 – Lodge and pay June BAS (if you lodge monthly).
28 July 2021 – Lodge and pay Q4 (April – June) BAS (if you lodge quarterly).
28 July 2021 – Super guarantee contributions for Q4 (April – June) is due by today.
August 2021
14 August 2021– PAYG withholding payment summary annual report due
21 August 2021– Lodge & Pay July BAS (if you lodge monthly)
September 2021
21 Sept 2021 – Lodge and pay August BAS (if you lodge monthly).
October 2021
21 Oct 2021 – Lodge and pay September BAS (if you lodge monthly)
28 Oct 2021 – Lodge & pay your Q1 (July – Sept) BAS (if you lodge quarterly)
Super guarantee contributions for Q1 (July – Sept) is due by today
November 2021
21 November 2021 – Lodge & pay October BAS (if you lodge monthly)
December 2021
21 Dec 2021 – Lodge & pay November BAS (if you lodge monthly)
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