SMSF
Self-managed super funds.
From setting a fund up to the accounting and compliance it needs every year.
Overview
Services for self-managed super funds, from establishing the fund through to the accounting and compliance it needs each year.
We prepare the fund's accounts and annual return, and coordinate the independent audit every SMSF is required to have, so the fund keeps meeting its obligations without the trustees having to track each deadline themselves.
What this covers
- Fund setup with an individual or corporate trustee
- Bare trust setup
- Annual accounts and financial statements
- SMSF annual return
- Independent audit coordination
- Ongoing compliance
What the fund will need
- The trust deed and trustee details
- Bank statements for the fund's accounts
- Investment holdings, buy and sell contracts and income statements
- Contribution and pension payment records
- Property documents and loan statements, where the fund holds property
- Last year's financial statements and audit report
Worth knowing
Every SMSF has to be audited each year.
An SMSF must be audited by an approved SMSF auditor each year before its annual return is lodged, and the auditor has to be independent of whoever prepares the accounts. That means the fund's records need to be complete and reconciled before the audit starts, not after.
Who this is for
Trustees setting up a fund
Establishment with an individual or corporate trustee.
Existing funds
Annual accounts, the return and audit coordination each year.
Funds holding property
Including the bare trust arrangements that borrowing requires.
Trustees changing accountants
Taking a fund on and bringing its records up to date.
Get in touch
Let's get your tax sorted.
Whether you're lodging your tax return or looking for ongoing business support, GBTax is here to help.
Send an enquiry and we'll come back to you to arrange a time, or email info@gbtax.com.au.