Self Managed Super Fund (SMSF)

Accounting an Tax

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Self Managed Super Fund (SMSF)

A Self-Managed Superannuation Fund (SMSF) is a super fund that you manage, giving you greater control over investment strategy, flexibility, and estate planning. However, being an SMSF trustee comes with significant compliance and regulatory responsibilities, so it may not be suitable for everyone.

SMSF administration and management can be time-consuming and complex, requiring the expertise of specialist superannuation consultants to secure the best outcome for your retirement investments. At JTCA, we provide an integrated solution for all your SMSF needs, including wealth management, taxation, business advisory, and assurance, giving you the confidence you need to feel comfortable with your financial future.

Important considerations for a Self-Managed Super Fund trustee include eligibility, reporting obligations, time commitment, assistance with setup and management, keeping up with changes to laws and legislation, and the sole purpose test. Contact JTCA to find out how we can help you make the most of your SMSF and secure your financial future.

We will help you with the following to establish your SMSF:

Provide the SMSF trust deed.

Assist in appointing trustees with necessary documentation.

Submit an Election for your SMSF to become a regulated fund.

Help with ATO applications for a TFN and ABN for your SMSF.

Refer you to recommended financial planners for investment strategy discussions.

Provide resolutions and minutes to acknowledge your SMSF establishment.

For existing SMSF, we will help you:

Maintain investment register for various assets.

Reconcile transactions regularly.

Keep member records including contributions, earnings, benefits and pensions.

Manage reserve accounts (if applicable).

Manage multiple member accounts.

Prepare PAYG summaries for pensions (as needed).

Handle tax payments and fund invoices.

Segregate assets for members.

General Ask

Can you help with tax planning and preparation?

Absolutely! Our accountancy firm specializes in comprehensive tax planning and preparation services for individuals and businesses. Our experienced team of professionals stay updated on tax laws, ensuring accurate and timely filing. We'll analyse your financial situation, identify tax-saving opportunities, and develop strategies to minimize your tax liability. Let us streamline your tax process, allowing you to focus on your financial goals and achieve peace of mind.

Contact us today for tailored tax solutions to suit your unique needs.

How do you charge for your services?

Our accountancy firm primarily operates on a fixed-fee basis, ensuring transparency and predictability for our clients. We understand that every client has unique needs, so we customize our services accordingly. In addition to fixed fees, we also offer hourly rates and monthly retainer packages when appropriate. Our initial consultation is often complimentary, allowing us to discuss your specific requirements and provide a tailored quote. This approach guarantees that you receive excellent value while maintaining full control over your budget. Contact us to schedule your free consultation and receive a personalized pricing proposal.

What software and tools do you use?

We utilize a variety of software and tools, including Xero, MYOB, QuickBooks, and Reckon, which are popular accounting platforms in Australia. As certified advisors, we not only provide expert guidance but also offer training and virtual office assistance to help businesses streamline their financial processes. Our comprehensive solutions ensure clients have access to efficient, tailored, and reliable accounting services.

How often do you communicate with clients?

At our accountancy firm, we prioritize open communication and strive to maintain frequent interactions with our clients. We understand the importance of timely responses; therefore, we make it our mission to get back to clients within 24 hours for any questions or concerns they may have. Our team believes in building strong relationships through consistent and transparent communication, ensuring our clients feel valued and well-informed throughout our partnership.