Why to leave your future with someone else
Self-managed superannuation funds (SMSFs) have grown in popularity, mainly because you regain control over where you money is invested. The benefits of a SMSF, however does create extra requirements which is where our experienced Blacktown team of accountants and superfund experts can assist.
Initial consultation and Statement of Advice (SOA)
Our team at Blacktown are eager to hear about your financial situation and can help with a recommendation to start the super fund. We can cater to whatever your needs may be, we are able to provide you with an initial consultation and a Statement of Advice (SOA) by themselves, or we can go further and assist you through the whole process as a package deal.
Setup & Rollover of Existing Funds
We understand the paperwork required for SMSFs and can set up with the ATO and setup with ASIC for corporate trustees. Our team can also timely prepare a trust deed for the fund and rollover any existing funds into a new SMSF. If you only are looking for assistance in this area, we can offer a fixed fee which includes legal fees; otherwise we can provide help with the entire SMSF process.
Ongoing Support
You can rest assured knowing that our Blacktown team will look after your SMSF by providing continual support services such as bookkeeping, preparation of financial statements, member statements, end of year financial trustee reports and assistance with finding a suitable policy. We can handle all administrative work so your fund remains ASIC compliant. Our SMSF specialists can listen to your financial objectives and help with creating an optimal investment strategy, which can include investing in assets like direct property (real estate) and equity (shares) or they can review and improve an existing investment plan. Being assigned the role of Trustee or Director, forces complex legal duties on you so we are also available to answer any other questions you may have and are able to other specific tasks like adding or removing members.
Tax Compliance
It is mandatory for each self-managed super fund to lodge an annual taxation return with the ATO. Our SMSF specialised and experienced team can lodge your tax return easily and timely once all other compliance requirements have been met. Should you have any questions at this stage, we are eager to help and can also provide valuable tax planning advice to minimize your future tax liabilities so that you can always stay ahead.
Audit
All SMSFs are legally required to be annually audited by an ASIC registered auditor prior to the submission of their annual income tax return. At CBD Accountants Blacktown, our SMSF auditors are highly regarded, experienced and committed, having the most up to date knowledge of the Australian Accounting Standards, Australian Auditing Standards and International Accounting Standards. Therefore, you can rest assured their timely audits are conducted in agreement with superannuation laws and associated codes of practice and regulations. The reports created will also contain the opinion of the status of the fund; this permits the SMSF to continuing lodging with the ATO and operating.
Our Blacktown team is eager to help you and your SMSF no matter what stage you are at, please feel free to contact us through phone, email or drop by.