MS Auditing & Professional Services Pty Ltd | Business service

MS Auditing & Professional Services Pty Ltd

Phone: +61 2 4610 0853

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• Businesses
• Local service
• Business service
• Tax preparation service
• Accountant

25.01.2022 Woohoo! Achieved my Professional Practice Certificate from IPA, and still studying a degree. Bring on 2020!

24.01.2022 A friendly note to inform you our website is currently experiencing technical difficulties due to a rookie mistake (I am definitely not an IT person ha ha). I am going to be working with IT specialists and web-developer Nicole Gabriel of Blazin Creations, to get this back up and running in the next few days. Hope everyone is keeping safe during this time. Our office is still operational with 90% performing services online. Any queries, please forward them to myself at [email protected].

23.01.2022 Who Appoints your Auditor? If the accountants appoint auditors for Trustees, are they independent? The easiest way of explaining the tightening up of this legal requirement of Trustees is to provide you with what many accountants have been arranging for their clients in the past which is now not allowed. 1. This does not apply to trustees who independently appoint their auditor... 2. Accountants have been appointing auditors on behalf of their clients. These auditors have been signing off on the accountant’s workmanship without completing the proper due diligence. ASIC has been deregistering many auditors who do not have supporting evidence of their audit systems 3. Auditors have been signing off on SMSF audits because they had a relationship with the accountant who provided them with continuity of work whether they audited the records correctly or not. 4. Auditors have been charging less than the normal cost of the audit if they completed the work properly and this has been the influencing factor to agreeing to the arrangement. 5. The Chinese wall: is a terminology used where an auditor is the same member of the accounting organisation that completed the work but under a different name or structure. They still charge a fee for doing nothing more than signing the audit report. This is not allowed Are we different? And if so, how? M S Auditing & Professional Services has been completing audits on behalf of SMSF and NFP clients for over 2 years and prior to this, Michele completed small; first year SMSFs and independent audits for a number of accountants, not just Parramatta Accountants. We are independent as per the definition and circumstances according to the attached documents. The saying, you get what you pay for is very much applicable in these circumstances. The cost of your audit should be around $770 - $1,100. If not, ask yourself are they independent and can they substantiate their audits? Audits take around 5 to 8 hours in most cases. (excluding contraventions)

22.01.2022 Join our Partner, Sabrina Magill, on Friday at 10 am for a Live Session to discuss what individuals and businesses might like to consider in preparation for the upcoming tax season. With COVID-19 slowly reducing its weight on us, this is a chance to hit the 2021 financial year with a fresh start with some friendly tips. This is for any small business, home-based business, individuals of all ages who have or need to lodge tax returns, not-for-profits and bookkeeping or accounting firms interested to hear what another firm might be doing. Pretty much everyone who is interested. We look forward to seeing you there. Any questions, please go to our website or Facebook page and send a message if there is a specific question or area you wish to see.

19.01.2022 At MS Auditing, we value education and safety of our community, especially students. Neighbourhood Watch Australasia (NHWA) has developed this initiatve to support teenagers and their parents by providing personal safety information as a preventative appraoch to crime and personal risk. The Streetsmart Handbook is produced with Countrywide Austral and addresses personal safey and crime-related issues including:... - cyber bullying - depression - community social behaviour - drugs - alcohol - ... and more. If you would like more information about this initiative, you can visit https://smarthandbooks.com.au/product/nsw-streetsmart/. You can also visit the NHWA website at www.nhwa.com.au MS Auditing proudly supports this initiative and supports any community involvement in the promotion of community safety and wellbeing. Thank you NHWA

15.01.2022 The Covid-19 pandemic has been everywhere on media. How are you impacted? We would like to let our community know we are open for virtual meetings or phone calls to assist in any queries regarding businesses, soletraders and tax payers. We continue to operate throughout this difficult time. For any tax related queries, ookkeepibg or business, please contact us for assistance. ... Please stay safe and know we will get through this

14.01.2022 Scammers beware

12.01.2022 Not long before this live video happens!! Please bring any questions you have and Look forward to seeing you tomorrow at 10am

10.01.2022 We would love to hear your feedback on our videos and services. Please leave reviews on our Facebook page so we can enhance our services and connectability with the community. Happy Tuesday !!

04.01.2022 Reminder of tomorrow’s live video regarding deductions available for eligible people who worked from home as a result of COVID 19.

02.01.2022 MSAPS is currently in the process of restructuring the organisation. Thanks to the support of our clients and colleagues, we will be transitioning into a company from a partnership as of the 1/7/2020. Watch this space for more information. (Picture: https://articles.bplans.com/a-standard-business-plan-outli/)