What is the Difference Between Accounting and Bookkeeping?
Deciding between hiring an accountant or bookkeeper? Despite their seemingly similar job titles, accountants and bookkeepers carry out completely different roles. If you’re deciding between one or the other, it’s important to understand the similarities and differences between each. You should also keep in mind that depending on the company, their responsibilities may differ. Read on to […]
What are the Benefits of Hiring an Accountant for an Internal Audit?
Planning to conduct an internal audit for your business? Helping you to attain operational efficiency and identifying problems within your organisation, an internal audit can provide your management team with the tools needed to improve your practices. However, it’s crucial to first understand what exactly an internal audit is and why having an accountant conduct […]
Who Hires a Forensic Accountant
Forensic accounts, also known as investigative or forensic auditors, specialise in giving expert evidence at a trial or leading up to one. Whether you’re not sure if you need a forensic accountant or are looking into getting a forensic accountant for business or personal reasons, Mizael Partners can guide you in the right direction. Learn […]
How does the Litigation Support Process Work?
How does the litigation support process work? Regardless of size, when a commercial litigation or dispute arises, our forensic accounting team are the first to help. Whether you are a company, not for profit organisation or an individual needing support in litigation, Mizael Partners have the experience, resources and expertise to assist you throughout the […]
What Are the Steps in the Payroll Process
If you’re running any sort of business, a seamless payroll system is necessary to ensure your employees are paid correctly each period. Typically, it involves tracking the hours worked, deducting money for employee leave and remitting taxes.
Why hiring a Bookkeeper is a Great Investment
As a small business owner, you are likely concerned about every penny you spend. That is a good thing, because you need to keep track of your income and expenses. It also means, however, that you might be less likely to hire people who can help your business. People like bookkeepers, who are great investments […]
What to Do if You Get Audited
No business owner looks forward to a letter from the taxman requesting a closer look at the books. If you have received an audit letter – an official request by the tax authority to review your accounts and confirm your taxes have been paid to date – do not panic. Prepare and find the right […]
Tax Tips for New Business Owners
Want to avoid paying more than you should come tax time? Or a frantic last minute search for missing financial records? New business owners have a lot on their plate such as bookkeeping, tax return, payroll, tax compliances, and sometimes can easily lose track of an approaching tax deadline or financial data needed to submit […]
4 Questions You Should Ask Your Accountant
Ideally, you and your accountant are more than just “adviser” and “client”. With your combined skills, expertise, and shared mission to support a thriving business, you’re more like strategic partners. The key to achieving success in any partnership is, of course, strong communication. At your next meeting, be sure to ask your accountant these four […]
Still Doing Your Own Payroll? Here’s 3 Reasons Why You Should Stop
The Superannuation Guarantee (SG) is scheduled to increase to 10% from 1 July 2021. If you have employees, you need to be ready for this legislated increase.