We will prepare the superannuation fund’s accounts for the purposes of the Superannuation Industry Supervision Act 1993 (the SIS Act). However, this service does not cover any inquiries or investigations by the ATO. We also prepare and lodge the SMSF annual return, year-end financial statements, including member benefit statements, and Activity Statements if applicable. It is important to note as part of the regulatory framework for SMSFs, an annual audit of the fund must be undertaken and provided to the trustees of the fund before the SMSF annual return is lodged. In addition to the basic financial information required to complete these requirements, it is expected that the source documentation will be available to allow this firm to analyse the implications of any superannuation related transaction.
With respect to the annual audit of the SMSF referred to above, this office will make arrangements for the audit to be undertaken by an external party, whereby you will be billed directly and liable for the associated costs. You should also note that the deeds of the fund should be annually reviewed by a superannuation specialist to ensure they continue to comply with the requirements of the SIS Act. Our engagement does not extend to the provision of such legal advice and our fee does not include this service. Our fee also does not include financial planning services for the investments of the superannuation fund or for any planning advice for your future retirement planning needs.
*We are not licenced to provide financial product advice; however, we will work alongside trustees and their authorised financial planner to help you achieve your goals.