Accounting for Self Managed Super Funds
A Self Managed Superannuation Fund, as the name suggests, is a trust entity that provides benefits to up to 4 members reaching retirement age. Like other business entities, a trust has special compliance requirements for tax such as an SMSF tax return and an SMSF auditors report.
SMSF has become popular lately due to its’ tax-effective nature in retirement planning but should be carefully considered with an accountant before diving in.
What kind of assets can your SMSF own?
- Commercial or residential real estate
- Cash and term deposits
- Managed funds
The Swinstead Approach
Julia has a reliable track record working with a diverse range of clients including FIFO workers, tradespeople, home based businesses, freelance businesses, personal service businesses, family trusts, companies, partnerships, not for profits and sole traders to mention a few.
Swinstead Accounting is fully insured and when working with Julia, you can expect honesty, reliability, punctuality and adherence to deadlines. You can also enjoy the flexibility that comes when working with a mobile accountant with an emphasis placed on consistent and clear communication.
- Qualified mobile CPA, best Master of Accounting at Curtin University
- Expert at major accounting packages including Xero, MYOB and QuickBooks
- Experienced in auditing and managing over 50 SMSF entities
- Fund agnostic – not tied to any type of fund and may advise against SMSF if not suitable