Self managed superannuation funds are an increasingly popular way for savvy tax payers to plan for their retirement. Every year, trustees need to have an Annual Financial Report, Tax Return and Independent Audit Report prepared for their SMSF.
We can assist clients with:
- Setting up a SMSF
- Benefits rollover
- Annual Financial Statements
- Income Tax Returns
- Independent Compliance Audit
- Fund Administration (minutes, reports etc)
- Actuarial Certificates
- UK Pension Transfers
- Financial Planning
Annual Compliance Services from $1320
SMSF Trustees are required to prepare an annual set of accounts; have these accounts audited by an approved auditor; and then lodge an annual Superannuation Tax Return with the Australian Tax Office. Most funds need to be audited before the end of May.
We can prepare the necessary Financial Reports and Income Tax Returns and arrange an independent Compliance Audit. Our fees for most SMSFs are between $1500 and $2200 per annum – including the cost of the audit. Prouse Family Accountants requires an upfront deposit of $1320 before starting work on a SMSF.
SMSF Audit-only Services from $660
As Fellows of the NTAA, Rob Prouse and Carel van der Merwe are approved auditors for Self Managed Superannuation Funds.
Prouse Family Accountants audits approximately 200 self managed superfunds per year.
We recommend BankLink for SMSF Compliance
To effectively meet the strict compliance requirements for our Self-Managed Super Fund (SMSF) clients, Prouse Family Accountants has recently implemented The BankLink Service. This will enable us to work more efficiently and accurately with our SMSF clients.
How does it work?
BankLink securely collects electronic copies of your statement information from your bank or financial institution and then delivers this directly to Prouse Family Accountants.
Using BankLink, we can process your transactions and, where additional information is required, request additional information from you.
BankLink benefits for SMSF trustees:
- Saves time and hassle – you no longer have to send in paper statements .
- Accurate transactional data for audit purposes
- Less chance of documentation getting lost or misplaced – by receiving regular transaction information from BankLink, on a monthly basis, we will be able to communicate with you more regularly and collect the paperwork we require.
Rebecca Newton for Financial Planning
Prestige Wealth Partners is a small award winning fee-for-service financial planning firm based in Perth’s Northern Suburbs.
Rebecca Newton – multi-award winning Principal and Certified Financial Planner – established her practice in 2008 with the intention of providing very high quality ongoing financial planning services to individuals, families, small business owners and self managed superannuation funds.
Prestige Wealth Partners is a fee-for-service practice (no commissions) and it is part of the Financial Wisdom network.
Rebecca Newton can:
- Prepare and review your fund’s investment strategy taking into account your risk profile, income tax minimisation and estate planning preferences and possibilities.
- Assist you transferring your benefits from your existing superannuation funds or overseas pension accounts into your self managed superannuation fund.
- Help you minimise tax and maximise your superannuation contributions
- Arrange pensions and lump sum payments from your SMSF.
- Keep you informed of changes to relevant legislation and its impact on your self managed fund.
To contact Rebecca please telephone her office inside business hours on 08 6201 5755 or email: rebecca@prestigewealthpartners.com.au
