SMSF Specialist Accountant - Setup Tax Accounting and Audit

Exceptional Service, Transparent Pricing.

Your SMSF Accounting Partner

Who

We Are

Welcome to autoSMSF, a specialist SMSF accountant providing dedicated accounting and tax services exclusively for Self-Managed Super Funds. With a deep understanding of SMSF legislation and compliance requirements, we support trustees across Australia with reliable, accurate and cost-effective SMSF solutions. By combining specialist expertise with secure systems and streamlined processes, we make managing a SMSF simpler and more efficient, giving trustees confidence that their fund is in capable hands.

If you have any questions, our experienced team is just a phone call away, we’re here to help you make confident decisions about your SMSF.

Our

Services

SMSF Setup

We assist with SMSF setup services, enabling you to efficiently manage your superfund.

We also assist in setting up Bare Trust for your property purchase via Limited Recourse Borrowing Arrangement (LRBA)

SMSF Compliance

We provide comprehensive SMSF financial and tax return services, ensuring the hassle-free management of your super fund’s financial and tax obligations

We keep your SMSF on track with expert support and tailored tax guidance so you can focus on growing your super, worry-free.

SMSF Property Purchase

Purchasing property in an SMSF via a Limited Recourse Borrowing Arrangement (LRBA) offers significant retirement growth potential but demands strict compliance.

Transparent Fixed Pricing:

No more surprises when it comes to fees. With our fixed pricing structure, you’ll have complete clarity on the costs involved in managing your SMSF. This means you can budget effectively and make informed decisions about your fund’s financial health, without worrying about unexpected expenses. SMSF Service prices.

Secure Data Management:

We understand the importance of data security, especially when dealing with your financial information. autoSMSF operates entirely in Australia, ensuring that your data is stored in a secure and compliant environment. Your data remains within the country’s jurisdiction, providing you with an added layer of protection and peace of mind.

Empowerment and Control:

Opting to manage your super fund yourself means taking charge of your financial future. With autoSMSF, you have the freedom to fully self-manage, ensuring you retain complete control over your SMSF, allowing you to make decisions on your terms and align your super fund strategy with your unique financial goals and circumstances.

SMSF Setup

Financials & Tax

Bare Trust Setup

Audit

Setting up an SMSF requires regulatory requirements, like appointing trustees, creating a trust deed, and setting up a bank account.

There are two trustee structures: individual and corporate. The individual structure gives members direct control, but it can get complex with changes or emergencies. The corporate structure involves a company as trustee, offering more flexibility, legal protection, and separation of assets. The choice depends on personal circumstances, so seeking professional advice is crucial for a well-informed decision during setup. For more information, contact our office or check on ATO website.

At autoSMSF your assigned SMSF tax accountant plays a vital role in managing your Self-Managed Super Fund, offering a yearly overview of its financial health.

Regardless of tax liability, the fund must submit its annual return, encompassing assets, liabilities, income, expenses, contributions, and investments. These documents ensure compliance with superannuation laws and determine tax obligations. It’s crucial to entrust their preparation to a certified professional specialising in SMSF regulations.

Accurate and compliant financials, meeting the ATO’s reporting standards, are essential for maintaining compliance and informed decision-making regarding the fund’s finances and investments.

A bare/holding trust is a legal arrangement that holds assets on behalf of an SMSF, commonly utilised for property investment through borrowing.

It comes into play when the SMSF seeks to borrow funds from an external source for investment. This is commonly known as Limited Recourse Borrowing Arrangements (LRBA). This comprises a Corporate Trustee and a Bare Trust.

The process involves choosing a corporate trustee, creating a trust deed delineating roles, and adhering to regulations. The bare trust cannot be set up until you’ve identified the property the SMSF intends to purchase. For more information, contact our office or check on the ATO website.

SMSF audit is a crucial, legally required process for managing a Self-Managed Super Fund.

It involves a thorough examination of financial statements, ensuring adherence to laws and accuracy of fund activities.

Conducted by an independent auditor for impartiality, it reviews statements, income, expenses, assets, and compliance with regulations, including related-party transactions. The Audit Report provided afterward is crucial for assessing compliance.

Non-compliance can lead to penalties and loss of tax concessions. For this reason, autoSMSF employs a qualified, independent auditor to fulfill audit obligations and maintain compliance.

Why

us

At autoSMSF, we make managing your self-managed super fund simple. Our focus is on handling the complex compliance and administration side of SMSFs, so you can focus on your investments. Whether you’re setting up a new SMSF or just need expert help with your SMSF tax return, our fixed fees, streamlined online processes, and experienced team ensure your fund stays compliant and under control. While we don’t provide financial advice, meaning we can’t tell you if an SMSF is the right choice for you or where to invest your super, but we work alongside you and your financial adviser to give you complete confidence that the administration and tax side of your SMSF is taken care of.