Accountants Trust Account Audit

their trust accounts audited by an approved auditor annually. Since there is public money in a trust account, it needs supervision in line with the applicable standards. This means that the audit involves various facets, and the auditor must be a member of the Institute of Chartered Accountants in Australia or CPA Australia, hold a Certificate of Public Practice, and have adequate training, experience, and competence in auditing.

At Kennedy Tax and Business Services, our Trust Accountants in Melbourne provide accounting and tax services Melbourne accounting firms rely on when it comes to meeting their annual trust account obligations. Whether you’re a tax accountant Footscray based practice or a tax agent Williams Landing firm, our audit team understands exactly what’s required.

Where our audit identifies discrepancies within a trust account, our forensic accounting expertise allows us to investigate further. This gives accounting firms and their staff confidence that any issues are properly understood and resolved, not simply flagged and left unaddressed.

Tax Accountant Services Beyond the Audit

As a full-service tax accountant, Kennedy Tax and Business Services supports accounting practices, business owners, and individuals with far more than trust account audits. Our accounting services cover tax returns, business advisory, and day-to-day bookkeeping, giving our clients one trusted team for all their financial needs.

Tax Returns, Personal Tax and Income Tax Advice

We prepare individual tax returns, income tax returns, and business tax returns for clients throughout Melbourne. Our personal tax accountant service supports personal tax matters for practice principals and staff alike, including rental property and investment property tax deductions, so tax time is never a scramble.

Tax Planning and Tax Advice for Accounting Practices

Sound tax planning works hand in hand with a smooth annual audit. Our team provides ongoing tax advice throughout the year, helping Melbourne businesses structure their affairs sensibly and work steadily toward their financial goals.

Business Advisory Services for Small Business

Beyond audits and tax returns, our business advisory services support small business owners, sole traders, and medium businesses across Melbourne. Whether you’re a sole trader running your own practice or a larger firm with multiple staff, our advisory services help you make informed decisions about growth, structure, and compliance.

Small Business Accountant and BAS Accountants

As a small business accountant and registered BAS accountants, we help Melbourne businesses stay on top of quarterly obligations, ongoing compliance, and practical accounting solutions, so your trust account audit is never a source of stress.

Bookkeeping, Payroll and Accounting Software

Bookkeeping Services for Accounting Practices

Reliable bookkeeping is the foundation of a stress-free trust account audit. Our bookkeeping services keep transactions reconciled throughout the year, meaning our bookkeeping clients typically experience a faster, smoother audit with fewer surprises in the final report.

Payroll Services and Staff Support

We also provide payroll services for accounting practices and other Melbourne businesses, managing staff payroll accurately and on time. Getting payroll right matters just as much as trust account compliance when it comes to protecting your practice’s reputation.

Accounting Software Support

Our team works with leading accounting software platforms, helping business owners set up systems that make ongoing bookkeeping, payroll, and reporting easier — and that ultimately make your annual trust account audit more efficient.

SMSF Accounting and Superannuation Services

Many of our clients also require SMSF accounting and SMSF auditing services for their superannuation arrangements. Our SMSF specialists work alongside our trust account audit team, giving business owners a single point of contact for both practice and personal financial matters.