Mizael Partners was founded in 2013. Since then, we have helped more than 2,000 clients become self-sustaining, compliant, and ready for growth. We are specialists providing innovative solutions in accounting, auditing, financial advice, tax, bookkeeping, and forensic accounting. Contact us today to find out what we can do for your business.
The ATO obtains information from a number of sources, including banks, other government departments, and industry in general. This information is compared with the income and expenditure reported in your tax returns and activity statements. If anomalies are detected, or if your figures don’t match industry benchmarks, then the ATO may review your affairs.
In addition, the ATO targets “high-risk” businesses for ongoing compliance risk assessments. These are typically industries where cash payments are more common and the potential for tax avoidance is higher. Typical businesses include (but are not limited to) hospitality, hairdressing, beauty salons, and the building and construction industry.
Mizael Partners protects individuals and businesses from ATO audits by ensuring all your documents and statements are compliant with Australian or International Accounting Standards.
If you do get audited, we can provide the following services:
We specialise in ensuring that all financial records accurately reflect an individual’s or organisation’s position. We ensure that all statements and records are in accordance with Australian Accounting Standards or International Accounting Standards, as well as the requirements of the Australian Charities and Not-for-profits Commission (ACNC) and the Australian Securities and Investments Commission (ASIC).
We also hold regular training sessions for our employees to keep them up-to-date on changes in taxation, accounting standards, and other regulations.
If you are unsure what your compliance obligations are, get in touch with one of our tax accountants. They will review your affairs, highlight any areas of concern, and help you make the necessary changes to reduce your compliance risk.
To speak to one of our accredited accountants, please call us on 1300 444 004.