If you want to have more say in how your retirement savings are invested, SMSFs provide the most flexible and cost effective superannuation platform this is available in Australia.
Running your own SMSF has huge taxation implications many of which can be used to deliver major tax benefits that enable you to do “more with less”. You need right tax planning for an enormously comfortable retirement or to provide a substantial legacy for future generations.
However, superannuation and taxation laws are complex and constantly changing. You need to make sure that your retirement vehicle is structured in the most optimal way, pro-actively managed and regularly reviewed. This makes it important for the fund administration of a SMSF to be carried out by an organisation that can provide a premium comprehensive service ensuring your peace of mind.
Our SMSF administration service includes an administration, accounting and taxation and compliance component. Some of the key functions we perform include:s”. .
- Maintenance of fund and member records during the course of the year on specialist SMSF accounting software;
- Assistance in relation to optimising tax components when benefits are paid or restructured;
- Preparation of financial statements, member contribution statements and the SMSF annual taxation return;
- Facilitation of an independent audit;
- Acting as the registered address for corporate trustees (if applicable) and handling the relevant paperwork;
- Provision of trustee minutes to support all fund transactions during the course of the year; and
- Comprehensive legislative review and update trustees on any significant changes.
SMSF Outsourcing Services
When it comes to operation costs, human services are the most significant expense for any accounting practice and in particular when it comes to specialist in SMSF.
Even though the SMSF area is growing at rapid rate many accounting practices has struggled to take advantage of this potential growth area and all this because of lack of resources. Large SMSF Specialist advisory firms are expanding as they have right resources and also at the expense of other accounting firms who lack these resources.
The concept of our “SMSF Outsourcing Service” is a step in that direction, where we offer to fill that gap. We lend helping hand to these small and medium accounting practices by providing additional resources. With our backing and support our clients feel more confident and move more aggressively in SMSF Market.
Benefits to you
- We are specialized in and one stop for all your SMSF needs, if you want your SMSF business to deliver real value and return then we can help achieve it.
- As each client has distinct needs, we offer customized services keeping in mind your interest. We are committed to the success of your business by offering a valuable, high quality and secure services within Australia. This opportunity provides you with exceptional client services and unprecedented support. As specialists in SMSF’s, we continuously develop our knowledge ensuring high standards and quality technical support.
- Our extensive and professional range of customized services to accounting practices and financial planners’ ensures cost savings of up to 50%.
- Our services can result in huge savings in many employee related expenses and most firms can further save minimum of $3,000p.a for software expenses, as we can provide all financial statements, documents and tax lodgement services.
- We offer administration, compliance and lodgement services for SMSF at very competitive prices. We also assist our clients by offering services in setting up new SMSF, Ordering/updating new Trust deed, corporate trustee and pension documents.
Our foremost talent is years of practical experience in day-to-day managing, dealing with the legislative, operational requirements and compliance of self managed superannuation funds.
IQ Tax Accountants and Business Advisors Pty Ltd is only phone call away and our friendly staffs are available throughout Australian business hours.
Should you wish to make an appointment with us, please contact us at 02-8064 7979.