Setting up an SMSF is a critical decision with long-term financial implications. We guide you through every step of the process:

• Advice on the initial steps to establish an SMSF.

• Detailed guidance on structuring your fund to meet specific financial goals.

• Assistance with the addition of new trustees and members.

• Support in winding up an SMSF efficiently when it no longer serves your best interest.

Compliance with superannuation laws is essential for the legality and functionality of your SMSF. Our services include:

• Ensuring strict adherence to superannuation legislation.

• Taxation advice on financial products associated with SMSFs.

• Guidance on contributions and rollovers, ensuring all actions are within legal boundaries.

• Advice on investment rules and regulations to maintain compliance and optimise financial outcomes.

Transitioning from accumulation to pension phase is a pivotal part of managing your retirement savings. Our support includes:

• Advice on the tax implications of moving funds between accumulation and pension phases.

• Assistance in setting up compliant pension plans, such as transition to retirement and account-based pensions.

• Preparation of necessary documentation and calculations for the commencement and ongoing maintenance of pensions.

An essential component of managing an SMSF is maintaining transparent and accurate financial records. We provide:

• Preparation of annual financial statements that reflect the true financial position of your SMSF.

• Filing of tax returns, ensuring compliance with the Australian Taxation Office requirements.

Our team ensures that all general ledger accounts are reconciled as required, maintaining the integrity of your financial records and ensuring that your business decisions are based on accurate and timely information.

We prepare and file monthly, quarterly, and annual financial statements, providing you with a clear and comprehensive view of your business's financial health, which is essential for strategic decision-making.

Obtaining an actuarial certificate is a requirement for some SMSFs, particularly those in the pension phase. We facilitate:

The acquisition of actuarial certificates as and when required, ensuring that your fund meets the conditions necessary for claiming tax exemptions on income generated by pension assets.

As taxation agents, we emphasise that while we do not hold an Australian Financial Services License and thus do not provide financial planning services, our expertise in SMSF taxation and administration is comprehensive. We offer:

• Specific advice on taxation matters related to SMSFs.

• Administrative guidance that helps you understand the responsibilities of managing your fund, without offering recommendations on asset allocations or investment strategies.