Utmost control & flexibility

If you are looking for control and flexibility to plan your financial future, you may want to consider an SMSF. SMSFs are one of the most tax-effective and flexible retirement investment vehicles available in Australia. It therefore makes a lot of dollar sense to know how your super is travelling. Yet how many of us know? One way available to all of us is to take control of our own super through a self-managed superannuation fund. As is self-evident in the name, your SMSF is owned and operated by you.
So, instead of simply paying into a large retail or industry super fund, you become the trustee/s of your own fund and therefore your own investment manager responsible for making all investment and administration decisions. According to June 2021 ATO statistics, the nearly 600,000 SMSFs in Australia had a combined total of 1.1 million members and although this represented less than 5% of Australia's population, they accounted for $822 billion in assets, or about 25% of the $3.3 trillion invested in superannuation.

If you want an SMSF but have no time to manage it We can help you administer and manage your SMSF including maintaining accounting and member records and preparing annual pension fund paperwork. We will also arrange for the independent audit of the SMSF’s annual financial statements, and lodge the annual superannuation and tax return with the Australian Taxation Office (ATO).

Network of Certified Practising Accounting firms, Australia
Super Funds Accounting Pty Ltd is also a member-firm of a network of certified practising accountants (CPAs) comprising Tonkin Accounting and MY Plan Accountant. These three network firms operate from the same offices and we offer the following combined broad-spectrum services:
SMSF

• Establish your self-managed super fund

• Manage your fund’s compliance with Superannuation Industry and tax administration legislation

• Structure your SMSF investment strategy and tailor it to your objectives, financial situation and needs, and considering your broader and longer-term interests and likely future circumstances

• Structure your income streams tax effectively

• Identify strategic opportunities for investment

• Top up contributions in your existing super fund in a tax-efficient way

• Plan your nominations to ensure your super will go to your intended beneficiaries

• Transition to compliant superannuation pension streams



AUDIT

• Statutory audits for companies and non-profit organisations

• Superannuation fund audits (SMSFs)Trust account audits

• Special purpose and assurance engagements

• Fraud prevention strategies and recommendations

• Internal Control System reviews and recommendations

• Due diligence and business acquisitions

BOOKKEEPING

• Maintenance of accounting records including general ledger, debtors, creditors and payroll records

• Recording of transactions, account reconciliations and timely reports, including BASs

• Maintenance of fixed asset registers and depreciation calculations

• Maintenance of client investment portfolios for Capital Gains Tax requirements

• Assistance, problem-solving, training and guidance in accounting/bookkeeping packages including MYOB, Quickbooks, Xero and Cashflow Manager


TAXATION

• Taxation planning for high net worth individuals and families

• Analysis and advice on tax-effective structures

• International structuring and tax strategies

• Remuneration planning

• ATO administration and compliance

• Preparation of income tax returns for all entities

• Preparation of Business Activity Statements (BAS)

• Tax audit defence strategies

• Tax advice including income tax, GST and capital gains tax

• GST compliance and reporting

BUSINESS ADVISORY

• Business start-up and development appraisal

• Establishment of business entities and group structures

• Business plans, cashflow forecasts and budgets

• Business growth solutions and profit strategies

• Debt management and bank appraisal submissions

• Capital fundraising

• Management consulting management financial reports

• Recruitment and training of finance and accounting personnel

• Evaluation of lease, hire-purchase and other finance options

• Business restructuring and asset protection

• Implementation of IT systems and control procedures

• Business valuations prior to purchase, sale or merger

• Succession Planning

NDIS PLAN MANAGEMENT

• Management of support providers

• Processing payments to support providers

• Plan budget management

• Training in Plan & Financial Management

• Cost free to NDIS participants – as we are separately paid for our services to you by the National Disability Insurance Agency (NDIA)