If you have recently established a self-managed superannuation fund (SMSF) then you are probably aware that your fund needs to be audited and a set of financial statements need to be prepared.

If you would like to reduce your auditor and accounting fees then we recommend you get your paperwork organised before you contact the auditor.

Essential information for every SMSF audit

We need the following from every client before we can begin.

1. A copy of the trust deed and the date the fund was established
2. Details of the fund’s Tax File Number (TFN)
3. Details of the fund’s Australian Business Number (ABN)
4. The name, date of birth and tax file number for every member
5. The telephone, post and email addresses for every trustee
6. A signed copy of your investment strategy
7. A signed copy of every minute for every trustee meeting for the financial year
8. Bank Statements for the period from 1 July 2007 to 30 September 2008
9. ETP Rollover Documents

Other information and documentation is required.

Please email us at office@prouse.com.au and give us some information about your self managed fund.

We will then email you a checklist of necessary information specific to your self managed fund.

How long does it take and how much does it cost?

Last year, this firm prepared the income tax returns and audit reports for more than 200 self managed funds.Typically, between November and May we operate on a three-week turnaround.

If you would like a quote on your self managed fund, please contact our Marmion Office on 9246 9055.

Our fees start from $550 for the audit report and from $440 for the combined financial statements/income tax return.

Our partners can also assist you with investment and retirement planning and the preparation of investment strategies and financial reports.

If you would like a quote on your self managed fund, please contact our Marmion Office on 9246 9055.

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