With a dedicated team of SMSF accountants, Advivo is here to help you stay compliant while having greater control over your superannuation.
Self-managed superannuation funds (SMSFs) are gaining popularity for individuals to have greater control over how their money is invested, as opposed to other super funds. Having greater control also means having greater responsibility. The trustees of SMSFs must ensure that their fund is compliant with super and tax laws, including the auditing by an external auditor once the financials are completed.
SMSF Offerings
At Advivo, we have a dedicated team of SMSF accountants to help you keep your fund compliant by meeting requirements for the yearly completion of financials and tax returns and their audit. We do this by looking over your SMSF on a monthly basis.
Providing monthly coding of transactions as they occur in your fund has many advantages, which are in SMSF trustees’ best interests.
- By requesting documentation about transactions on a monthly basis, you can provide us information while it’s still fresh rather than spending a lot of time at year end trying to find documents or remembering what occurred, reducing your stress levels
- This means the end of year financials and tax return can be completed much quicker than if you only look at your fund once a year
- By having the transactions up to date, you have visibility on the spread of investments within your fund at any given time
- You will have access to real-time data to make informed and current decisions about your fund
- Your year-to-date contribution balance will be accurate, letting you see your remaining balance and preventing too many contributions being made within the fiscal year
- Any delays in processing pension payments or lump sum withdrawals will be minimised, preventing overdrawing
- Picking up on any potential compliance issues as they happen, allowing the chance for rectification before being raised by the auditor
Advivo is in a unique position for clients with SMSFs that also have other tax entities, such as trusts, companies and individual returns. We have the ability to complete financials for your group of entities concurrently, allowing a full overview to achieve the best tax outcomes for your group as a whole.
With a dedicated team of SMSF accountants, you don’t have to worry about not being able to reach us, or not receiving your emails. You can rest assured that if you have any pressing questions, you can just pick up the phone and reach us anytime on 07 3226 1800.
