Smsf Services

By Author: Krish Prajapati
Total Articles: 6
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SETUP

Acting on instruction from Accountants, Financial Advisors and prospective Fund Members, we manage all the necessary components of setting up SMSFs. We take care of establishing trusts, creating trust deeds, preparing declarations, setting up ABNs and TFNs, registering with the ATO and opening cash and trading accounts. We also document the appointment of Corporate Trustees, handle property purchase and mortgage documents, establish or consolidate account-based pensions as required.

Working closely with our clients to gain a clear understanding of their requirements, we ensure all funds, cash accounts, term deposits, trading accounts, pension accounts, property purchases and borrowings are correctly structured to reflect our clients’ investment strategies, facilitate optimal returns and minimise tax. Our clients are provided with complete, real time access to all their SMSF setup documents via our online access portal and we offer highly competitive, fixed-fee rates for establishment of different types of investment funds.

MANAGEMENT

Working predominantly with Financial Advisors and Accountants, ...
... but also directly with Fund Members, our ongoing SMSF management services enable our clients to cost-effectively outsource the administration of funds under their management, freeing up more time to focus on their core business. SMSF 24/7 offers three, fixed-fee packages that cover all the necessary management, reporting and documentation for most types of SMSFs.

We also offer low rates and transparent pricing across a range of additional services that may be required to administrate more complex funds, process specialised transactions or make changes to fund structures. All our packages include administrative support from our client service team, and an online access portal, as well as annual completion of all required financial statements, tax returns and compliance reviews. Our Premium Package also includes options for investment segregation and quarterly GST returns as well as ongoing strategic review and contact with a dedicated Client Relationship Manager.

COMPLIANCE

Relying on the latest industry leading software and cloud-based technologies, we streamline the information gathering process and prepare all the documentation necessary for annual SMSF compliance reviews. Carefully reviewing all aspects of a fund’s assets, contributions, transactions, benefit payments, trust deeds, investment strategies, tax deductions, pensions and insurance policies, we ensure all required documents are prepared in an accurate and timely manner in preparation for auditing.

Working with Financial Advisors and Accountants, and depending on their requirements, we act as an administrative support arm, operating purely in the background, or can liaise directly with their clients to facilitate completion of compliance reviews. We also work directly with Trustees to ensure their SMSF annual compliance obligations are met.

AUDITS

At SMSF 24/7, all our fixed-fee, administration packages include independent annual audits. Whilst, by law, this must be performed by an ASIC approved auditor who is independent to the fund Administrator, SMSF 24/7 liaises directly with Auditors to facilitate completion of audits on behalf of our clients. With in-depth SMSF management, taxation and reporting expertise, our experienced professionals ensure all financial accounts, statements and other compliance documents are prepared in an accurate and timely manner to facilitate streamlined completion of the audit process.

Once complete, the SMSF Independent Auditor’s Report is uploaded onto our cloud-based management system

SMSF 24/7 can help with the setup, administrators, accountants, management, compliance and reporting of self managed superannuation funds in Sydney.