Piggy Bank Gold

Please note: We do not hold an AFS Licence or a limited AFS License and accordingly do not provide financial advice. If financial advice is required we can refer you to an independent licensed financial adviser.

Click on this link to see ASIC Information Sheet 216 for more detailed information about the services we can provide without being licensed.

ASIC Information Sheet 216

One of the best ways to secure your future is to have as much money as possible for your retirement. Having a Self Managed Super Fund (SMSF) can help you. These are particularly tax effective for tradies, small business owners and people who pay a lot of tax.

But they aren’t suitable for everyone and there are significant risks if you don’t know what you’re doing. The legislation that controls SMSFs is complex and the government seems to change the rules every year. If you inadvertently miss a deadline or break the rules – even without meaning to – it can cost you a lot of time, grief – and money!

We understand how to set up a SMSF so it complies with the legislation; we understand all the changing rules, restrictions and deadlines and how to help you comply with them.

And we know how important it is for you that your money is safe, that you avoid being fined or losing concessions and that you don’t pay excessive tax unnecessarily – so we’re always happy to sit down with you face to face to make sure everything is in order.

We use specialised SMSF software to make sure you don’t exceed limits or break the rules. We do your accounting to take the administration load off you. Your accountant will be a Chartered Accountant based in Sydney and their focus is to keep your money safe and to make your life easier.  .

If you have a SMSF it’s a legal requirement to have it audited every year so you need an auditor. Our Chartered Accountants are also auditors.

Call us now if you would you rather work with someone you can sit down with face to face and sort things out in person, rather than dealing through a third party or having it done by number crunchers overseas.

“Cheap” SMSF accounting and audit

There are a lot of Financial Advisers out there – most owned by the big banks and finance companies – who offer “cheap” accounting and audit services.

They’re “cheap” because they are outsourced, either to “related entities” or to overseas accountants. These are cheaper because all they do is crunch the numbers – you can’t talk to them directly or sit down with them to work an issue out together. You have to go through a third party to communicate with them.

They’re “cheap” when everything is set up properly and when you are 100% confident you aren’t breaking the rules. But if you make a mistake and breach the rules, or if you don’t claim things you’re entitled to, “cheap” accounting services can cost you tens of thousands of dollars.

You wouldn’t risk your health by using an overseas surgeon that you don’t know anything about and that you can’t talk to just because he’s “cheap” – don’t risk your money either.