A landscaping company operating in the Brisbane and the Gold Coast areas came to us for assistance. Its financial controller had been with the company for several years, and had held many responsibilities without much oversight or risk management.
When that financial controller left, the company experienced substantial losses.
We reviewed the company’s documentation and met with the directors and new financial controller. The company’s accounting databases were analysed to assess the internal controls and procedures in order to identify areas of risk. Procedures have now been put into place for administrative staff with accounting procedures and managers/sales staff with store budgets and monthly meetings; each department now takes on its own responsibility.
As a result of the circumstances and substantial losses, a full GST audit was conducted by the ATO. We met with the ATO officers and the client. The audit, which was significant, satisfied the ATO that all was now in order.
The client is still with us today and values our input. We meet with them as required and are in constant phone and email contact. It is their appreciation of how their company has turned around that acknowledges the work we do. Profits are now being generated to the delight of the owners.
We hope you have learned something about our firm and enjoyed your time visiting our website. If you are interested in talking to us, we would encourage you to contact us.