Ongoing Administration & Compliance
Stay On Top of Your SMSF Obligations
Stay Compliant, Stay Focused
Running an SMSF is not a “set and forget” exercise. As a trustee, you have ongoing legal obligations to the ATO and must keep accurate records each year.
At Allied Accounting Group, we manage the day-to-day administration and annual compliance work for your SMSF, so you can focus on making informed investment decisions.
What’s Involved in SMSF Administration
Annual Financial Statements
Preparing annual financial statements in accordance with Australian Accounting Standards to provide a clear picture of your fund’s assets, liabilities, income and expenses.
Annual SMSF Tax Return
Preparing and lodging your fund’s annual tax return, calculating taxable income and applying relevant tax rates based on your fund’s circumstances.
Record-Keeping & Transaction Processing `
Maintaining accurate records of contributions, rollovers, pension payments, investment purchases and disposals, and other fund transactions.
Trustee Minutes & Resolutions
Preparing minutes and resolutions to document key trustee decisions – such as investment decisions, pension commencements and contribution strategies – based on information you provide.
We focus on making sure your SMSF’s records and reporting are accurate, complete and in line with ATO requirements.
Monitoring Key Compliance Areas
We also help you keep an eye on important compliance-related matters, including:
- Tracking contributions for reporting purposes and identifying when levels approach legislative caps
- Monitoring in-house asset levels from the fund’s records
- Checking that minimum pension payments have been met based on your instructions
- Highlighting other areas where you may need to seek further advice if potential issues are identified
Our role is to inform and support you. As trustee, you remain responsible for ensuring your fund complies with superannuation and taxation laws.
Why Ongoing Administration Matters
- Reduce the risk of errors and potential ATO scrutiny
- Make the annual audit process smoother
- Give you clearer information for making investment decisions
- Help ensure your fund can continue to access concessional tax treatment where eligible
Who This Service is For
Good administration is the foundation of a successful SMSF. Accurate and timely records:
- Reduce the risk of errors and potential ATO scrutiny
- Make the annual audit process smoother
- Give you clearer information for making investment decisions
- Help ensure your fund can continue to access concessional tax treatment where eligible
Take the Stress Out of SMSF Administration
Focus on growing your wealth while we handle the paperwork.
Book a free consultation to learn how our ongoing administration service can support you in meeting your obligations and keeping your fund’s records in good shape.
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Important information
The information on this page is general in nature and does not take into account your personal objectives, financial situation or needs. Allied Accounting Group provides SMSF administration, taxation and compliance services. We do not provide personal financial product advice. You should seek advice from an appropriately licensed financial adviser before making decisions about contributions, investments or pension strategies.
All SMSF audits are conducted by independent ASIC-approved SMSF auditors. As trustee, you remain legally responsible for the operation and compliance of your SMSF.
Since 1 July 2016, advice about superannuation must be provided through an Australian Financial Services Licence. In order to provide personal advice to our clients in relation to superannuation and self managed superannuation funds, Allied Accounting Group Pty Ltd chosen to be authorised through the SMSF Advisers Network Pty Ltd (SAN) – the Australian
Financial Services Licence of the National Tax and Accountants’ Association Ltd (NTAA).
SAN supports our practice in providing advice regarding:
- Establishment of SMSFs
- Contribution strategies (amounts, types, withdrawal and recontribution)
- Pension strategies (account based and transition to retirement)
- Transfer of business real property into superannuation
- Withdrawals, commutations and death benefit payments
- Limited Recourse Borrowing Arrangements
- Provision of an asset class investment strategy (based on an assessment of your risk profile)
- Winding up of SMSFs
The person/people at this practice authorised by SAN to provide superannuation and self managed superannuation fund advice is/are:
Gavin Woolford – Authorised Representative No. 001243429
Elliot King – Authorised Representative No. 001272991