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Do-it-yourself accountants, [link widoczny dla zalogowanych] the business owners/managers can be affective accountants however, they can run the risk of causing accounting mistakes. These accounting mistakes more often than not come down to GST and tax and there are ways to identify such accounting mistakes before they become a major hassle.
It can be a scary task being the accountant for the business and the chances of making accounting mistakes when doing GST and taxes can be heightened but if [link widoczny dla zalogowanych] you do make a accounting mistake there is a way to correct them before any issues occur.
There is one step you must take before realising and fixing accounting mistakes and this is realising your what your txt obligations are. Your tax obligations will include determining your amount of payable tax, pay on time, deduct or withhold the right amount of tax from payments/receipts when needed, keep records and cooperate with Inland Revenue.
The next step in accounting mistakes [link widoczny dla zalogowanych] is realising what and where the accounting mistakes have happened, to prevent making the same accounting mistake twice. When it comes to tax and GST you may have incorrectly calculated amounts and reported them to Inland Revenue but it's not too late to correct those accounting mistakes. The [link widoczny dla zalogowanych] following [link widoczny dla zalogowanych] list can be explained to you further by a [link widoczny dla zalogowanych] professional accountant, who can be beneficial to your businesses accounts as they can spot any accounting mistakes, with their fresh perspectives.
When fixing accounting mistakes your professional accountant will need to know the following to inform [link widoczny dla zalogowanych] Inland Revenue:
* tax type and time when mistake happened
* the amount
* the nature of the mistake
* how the mistake came to be
* how and why the mistake was realised
* what the revised amount in the return should be. This can be effectively calculated by a professional accountant, so to guarantee a correct assessment is made.
The [link widoczny dla zalogowanych] positive side of noticing the accounting mistakes and reporting them willingly include saving time and money for Inland Revenue, [link widoczny dla zalogowanych] your business and those working on the accounts; and in major cases (big accounting mistakes) it can save the risk of being charged with evasion and fraud as well as prosecution.
Overall, the best way [link widoczny dla zalogowanych] to avoid accounting mistakes, minor [link widoczny dla zalogowanych] or major, is by hiring a professional accountant because they can check through your accounts history, pick up on any accounting mistakes, and carry the accounts on with [link widoczny dla zalogowanych] their knowledge and skills, removing and chances of future accounting mistakes.

Jeremy has a diverse background in the Auckland accountant field spanning more than twenty years.
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