Accounting & Advisory Services

The Mischel & Co Group Pty Ltd specialises in providing clients with accounting, corporate structure and business advisory services to assist in the development and enhancement of their businesses in an environment that has numerous legislative obligations.

The Mischel & Co Group Pty Ltd are able to prepare General Purpose Statutory Accounts complete with Accounting Standards to suit clients specific needs.

Auditing

The Mischel & Co Group Pty Ltd has a specialist division providing clients with auditing services specialising in the audit of Not For Profit, Small Business Enterprises, Superannuation Fund Audits and Trust Account Audits. We are also able to assist with Government Acquittals.

Along with our business advisory services our audit services enhance and protect our clients and their businesses in an environment that has numerous legislative obligations.

Auditing client’s systems also provides additional benefits such as determining that the Internal Controls and Procedures used by clients are adequate and mitigate risk.

Bookkeeping & Record keeping

Modern business demands up to date accurate financial information. We can relieve you and your staff of an enormous burden by taking care of all your bookkeeping and accounting needs, including the preparation of your annual accounts and periodic management accounts for tax, business appraisal and planning purposes.

We will discuss your requirements with you and provide you with tailored information and constructive advice on a regular basis.

Taxation

Our taxation consulting practice known as Mischel & Co (Professional Services ) Pty Ltd is continually keeping up to date with the latest changes which mean we can offer advice based on proven knowledge and experience. Our proactive approach ensures we deliver a consistent service and build solid relationships which stand the test of time.
Taxation can be a major cost to your business. We will work in partnership with you to minimise your tax and help you achieve your key objectives.

We provide a complete service of help and advice in all of the following areas:

1. Preparation of Income Tax Returns including:
   1. Personal, Company, Trust , Partnership and Superannuation Fund
2. Preparation of Business Activity Statements including:
   1. Goods & Services Tax and PAYG Withholding determinations
3. Business Structuring including:
   1. Advice on and implementation of tax effective tax structures
   2. Advice on and implementation of tax effective business structures
   3. Asset protection and tax planning

Superannuation Services

The Mischel & Co Group Pty Ltd has specialists in providing clients with superannuation advice within the scope of RG146 and the new Financial Service regime as well as the audit of client’s Superannuation Funds. This very popular and growing industry is strictly governed by statute and our specialists are able to advise clients of the latest tax and legal obligations in a environment that is constantly changing.

Payroll Services

Administering your payroll can be time-consuming and divert you from the core activities of your business. Payroll & employment legislation is growing increasingly complex. We can relieve you of this burden by providing a comprehensive and confidential payroll service, including:

1. Customised pay slips
2. Administration of PAYG, statutory sick pay, annual leave etc
3. Summaries and analyses of staff costs
4. Administration of incentive schemes, bonuses and termination payments

Business Start-up

Advice in correctly establishing a business structure including the various registrations needed to commence business including:

1. Company Formation
2. Trust Formation
3. Superannuation Fund Formation
4. Australian Business Number Registration
5. Goods & Services Tax Registration
6. Tax Withholding Registration
7. Tax File Number Registration
8. Workcover Registration
9. Payroll Tax Registration
10. Assessment of Stamp Duty on various Trusts

Establishment of Accounting Systems

In today’s mechanised world that demands prompt reporting both of a Statutory nature and that of Corporate Governance there is need to maintain a proper set of books of accounts that conform to the various statutes and will withstand scrutiny from various government instrumentalities as well as government audits.

To establish the correct form of reporting and establishment of books of accounts a suitable computerized accounting system has to be created. There are various accounting packages available in the market place, The Mischel & Co Group Pty Ltd will determine the appropriate accounting package that suits your business and assist in the installation of the software and set up of the accounting package. It will also assist in customizing the accounting system to best suit the client’s business.

Business Planning & Corporate Governance

Apart from the establishment of a corporate structure, there is also a need to plan ahead. A successful business is not one that opens today and closes tomorrow, before taking the step of setting up a business there is also a need to plan ahead, often this requires the need to:

1. Prepare a Business Plan
2. Prepare Cashflow Projections
3. Prepare Budgets and Trading Forecasts
4. Establishing a Strategic Plan
5. Define your objectives and financial goals as part of a Marketing Plan
6. Ascertain suitable staffing
7. Determining your IT Requirements
8. Recruitment and vetting of staff
9. Personality profiling for key positions
10. Assess your finance requirements
11. Establish a good working relationship with your bank
12. Dealing with company secretarial issues
13. Establishing a Board of Directors and Management Team

The Mischel & Co Group Pty Ltd has considerable experience in these areas and also has strategic alliances with other professionals that may assist in all of the above mentioned areas.