“We have peace of mind knowing everything is compliant and in order with a QAS audit.”

The Audit Report for my SMSF has been qualified. What does that mean? Should I be worried?

If your P&C has paid employees, you will have to comply with planned tax reporting changes in 2019.

Queensland farmers might still be doing it tough in the current drought conditions, but the National AgDay barbecue organised by Carrick Aland and Queensland Audit Services in Dalby will end up sending some much-needed funds their way.

21 November 2018 is National AgDay and Dalby will be celebrating with a BBQ fundraiser to support Rural Aid Australia’s ‘Buy a Bale’ campaign

Read how the ATO’s checklist can help you get organised when you are changing an administrator of your organisation’s tax affairs (e.g. your P&C treasurer).

It can be surprisingly easy for P&C volunteers to become unstuck managing money for their state school. Read the six procedures and eight steps to make sure your till is always ringing up a sweet sound.

Find out why it is important to record the correct SMSF auditor number on the SMSF annual return. Use our simple tips to help get it right.

Queensland Audit Services offers an independent and timely audit service to solicitors, priced upfront. Request an up[front quote or get a copy of our free checklist.

Xero’s simple, not-for-profit accounting software saves you hours of admin, so you can spend more time helping our community. There are 3 easy steps.

Learn why the executive committee is responsible as a team to ensure that the association and its subcommittees follow appropriate financial management procedure as set out in P&C Qld’s Accounting Manual.

The ATO has deferred the due date for lodgment of self-managed superannuation fund annual returns for the 2016-17 financial year. The new deadline for lodgment is 30 June 2018.

Adam plays a major role in self-managed superannuation fund (SMSF) auditing and keeping on top of the arduous legislation that goes with the territory. His commitment to the role means helping thousands of trustees to keep their SMSFs compliant.

When winding up your SMSF, you need to arrange a final audit and lodge your SMSF annual return. Any outstanding tax liabilities must be finalised and outstanding returns must be lodged.

While this may seem a little heavy, the reality is fraud is happening. It starts with recognising the indicators.

Read why SMSFs must appoint an approved auditor to audit the fund each year, not later than 45 days before you need to lodge your SMSF annual return.

While this may seem a little heavy, the reality is that school P&C fraud is happening. Know what the Accounting Manual procedures are and your efforts will continue to benefit your school.

An experienced Administrative Officer, Joanne Dodd’s role has seen continual change since she first joined QAS.

QAS Auditor Supervisor Bimal Chand is an upbeat and constructive auditor who makes it his business to convey the positives in each audit he does.

Whilst the bank reconciliation is a key function for accurate reporting of a school’s P&C, it is fundamentally also a frontline process that may highlight fraud. Read our 10 steps for getting it right.

Did you know there can be as many as a dozen pieces of information an Auditor can ask to review as part of a school’s P&C audit process? We break it down.

As auditors, we understand that treasurers are volunteers and are doing their best in an often demanding role. The fear is that auditors are judging the treasurer’s work and giving them a scorecard, which proper prep and methodology will make all the easier.

What SMSFs absolutely need to consider before 30 June.

If you have assets such as real estate in your SMSF, and to an extent other assets such as collectables, and artwork, you will need to have a current valuation of those assets by 30 June.

Asset valuation is a key component in preparing meaningful SMSF financial reports. It has an impact on the returns for members and ultimately, SMSF sector performance as a whole.

Third party collection for P&Cs has been enabled by the Department of Education and Training (DET) in the latest update to the Accounting Manual

The government will introduce a Low Income Superannuation Tax Offset (LISTO), which will replace the Low Income Superannuation Contribution (LISC) policy that has been repealed from 1 July 2017. LISTO…

Queensland Audit Services (QAS) were proud to be sponsors at the Dalby Business Excellence Awards (BEA) and gala dinner ceremony held Saturday 15 October at Dalby Showground Pavilion. QAS, sponsors of…

As you may already be aware recent legislative changes have imposed a requirement that the trustees of a self managed superannuation fund regularly review the fund’s investment strategy and that…