We offer a full suite of all the operational and administrative needs of a SMSF.
Our service offering includes the following:
Trust Deed service
- For new funds a complying deed is sourced from our preferred legal supplier
- For existing funds, the Trustees must determine whether the existing deed is complying or not. We can arrange for a review service to be provided by their preferred legal supplier to assist with this process
Fund establishment
- Completing application to become a regulated Fund
- Completing ABN and TFN applications
- Completing establishment minutes and member application documentation
- Organising the rollover of any amounts into the Fund
Compliance
- Arranging actuarial calculations as required
- Preparing and lodging statutory annual returns
- Lodging all statutory reporting forms
- Preparing annual statutory financial accounts and Members’ statements
- Preparing all minutes for the Trustees to sign
- Preparing working papers and liaising with the auditor of the Fund in regards to the audit
Fund reporting, trustee obligations and administration
- Regular Fund reporting to the Members, Trustees and any financial advisers including reporting on investment valuations and movements
- Advising Trustees of their upcoming obligations
- Advising the Trustees of movements of assets outside of the investment strategy
- Maintaining of records for each member including balances, contributions, allocation of contributions and drawdowns to the correct components
- Monitoring of non-standard assets and advising on the need for revaluation
- Retaining records in digital format for the mandatory 10-year period
Taxation and audit
- Determining taxation payments for the Fund and the members
- Preparing contribution reporting
- Arranging for preparation and lodgment of the Fund’s annual Taxation Return
- Preparing and lodging of GST, BAS and IAS Returns as applicable
- Preparing all Rollover documentation for the appropriate regulator
- Preparing comprehensive work papers at year end to simplify the audit process
Technical strategy assistance
- Preparing advice relating to the technical structuring of Funds whether in accumulation or pension mode
- Calculating and implementing of pensions, multiple pensions, multiple account types and components
- Dealing with specific issues as a result of a death or divorce
- Providing assistance with understanding how to apply the law to personal situations
‘Fix-it’ service
- Taking on non-complying funds and fixing them, if possible
- Bringing messy Funds that are missing substantial documentation up to date