Superannuation Funds
By Superannuation Funds we mainly refer to Self-Managed Superannuation Funds, commonly known as D.I.Y. (Do It Yourself) Super Funds.
Accounting services that we provide include, but definitely not restricted to the following, are:
* Best advice on most suitable software to maintain your record keeping with regard to nature of your daily transactions
* Assistance on how to record your periodical transactions when it comes to GST amounts, if applicable, since generally most super funds are not required to be registered for GST.
* Advice when purchasing assets, e.g. shares, real estate, for the fund and correct amount to record in your records to reflect business and private use, if applicable.
* BankLink Software, at no additional charges to you, that links us with your bank account(s) and securely download your transactions unto our system which seriously reduces time & effort
* Prepare periodical financial reports for the entity's financial position, i.e. Balance Sheet; financial performance, i.e. Operating Statement; Members Statements and Investments Reports (with yields)
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Taxation services that we provide include, but definitely not restricted to the following, are:
* Assist you to become familiar with the basic rules and laws, also known as Trust Deed, that govern your entity including concessional & non-concessional caps, account-based pension accounts, etc.
*Apply your entity for a Tax File Number, Australian Business Number (ABN), register for Goods and Services Tax (GST) and PAYG regime, if applicable.
* Inform you of the annual statutory obligations with respect to Australian Taxation Office and Australian Securities & Investments Commission (ASIC) in case of corporate trustee.
* Inform you on all the allowable deductions with respect to your fund and what you need to do to claim all eligible expenses the fund had incurred.
* Assist you when selling or disposing of an asset and look after Capital Gains Tax implications.
* Prepare and lodge Business Activity Statements including GST reporting (cash/accrual basis), if applicable and PAYG Installment.
* Prepare and lodge Annual Superannuation Tax Returns including Members Contributions Statements and Regulatory Return.
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We can , also, audit your superannuation fund in compliance with Superannuation Industry Supervisory (SIS) Act legislations and Australian Auditing Standards and Regulations.
