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Project Description

SMSF Accounting Services

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About Us

Establishing an SMSF does not end with the creation of a trust and appointing trustees.  There are a lot of moving parts within an SMSF and strict regulations that apply. As a member of an SMSF, you’re in charge of every aspect of the fund. That means filing taxes, searching for investment opportunities, and every other responsibility assumed by a professional fund manager. Here’s a glimpse of what you’ll be responsible for after setting up an SMSF:

  • Filing tax returns;
  • Managing fund investments;
  • Cashing benefits to members;
  • Filing annual returns;
  • Preparing annual financial statement;
  • Preparing trustee minutes;
  • Appointing an SMSF auditor; and
  • Ensuring compliance to the constantly changing superannuation and taxation legislation.
Perth SMSF Accountant

Those are just a few things you’ll be doing as an SMSF trustee, enough to make anyone come out of retirement. Most of these roles are assigned to a single professional in a professionally managed fund. Having four people attend to these obligations in an SMSF may be asking a lot of them. We find that this can be a leading cause of people being turned off with the idea when researching on how to set up SMSF.

All the Benefits Without the Obligations


With our help, you can have the best of both worlds. You can enjoy the control that comes with being a member of an SMSF while we take care of the compliance obligations. Our SMSF Accountants do all the heavy lifting, while you enjoy the benefits of your SMSF investment strategy. You will never have headaches surrounding compliance, auditing, tax filing, and other administrative aspects of an SMSF with our help. You get to have full knowledge that you’re in complete control of your future and that of your nominees. SMSF Accounting Services have never been easier with our professional accountants there to help at every step of the way. Secure your future today with the help of our SMSF Accounting specialists.

Self-Managed Super Fund (SMSF) home loans


Self-Managed Super Fund (SMSF) home loans should be treated differently from the usual home loans. The reason behind this is that the property purchased should be for the benefit for the SMSF and not for personal use. The property which is purchased must provide a return on investment which can be used for the benefit of the fund members upon their retirement.
Getting a Self-Managed Super Fund (SMSF) home loans can be quite complex and involve many limitations, guidelines and conditions that should be met to make it a legal purchase.Therefore, it is wise to seek advice from a SMSF advisor before investing in a property or applying for a home loan to fund the property. If the guidelines are not followed, then the ATO has the right to levy penalties and there may also be a risk of losing the assets attached to the SMSF.

SMSF Insurance

 


Another important aspect of a SMSF is SMSF insurance. Before enrolling for a SMSF insurance, it is best to keep in mind the below tips else, seek some advice from SMSF advisors.

  • Make sure to conduct a basis research on insurance quotes
  • Think twice about continuing your existing insurance policy
  • Evaluate your risk and need, before deciding on an insurance policy
  • The insurance premium can be used to claim a tax deduction, hence ensure that the SMSF is recorded.
  • Ensure that you have a beneficiary nominated in case of a death of a member.

If you think all this seems to be quite complicated then feel free to get in touch with us for SMSF advice.

OUR SERVICES

Auditax Accountants offer a wide array of Accounting services to businesses throughout Australia.

SMSF Setup

Auditax Accountants have a lot of experience in setting up an SMSF. From paperwork to handling SISA & SISR compliance matters, we will ensure your SMSF gets the best start.

SMSF Audit

We provide trusted, efficient and cost effective SMSF Audit services to SMSF Trustees and Accountants. Our audit professionals have a breadth of experience and technical expertise.

SMSF Compliance

Our team consists of qualified Chartered Accountants who provide tailored financial advice in relation to all your Superannuation matters including Self Managed Superfunds.

EMAIL

info@dky.com.au

CALL

1300 762 329

WORKING HOURS

9:00am – 6:00pm

(AFTER HOURS BY APPOINTMENT)