Running an SMSF is not an easy task and help of an SMSF professional should always be considered. Being an SMSF trustee time needs to be devoted to the administration of the fund. Two important requirements to have an SMSF that are unavoidable which are to prepare and lodge tax return every year and arrange […]
How to prepare SMSF tax return and arrange the annual audit of the fund? Read More »
As each SMSF is different with different types of investments but for a few investments SMSF you can typically expect to pay $2000 + GST yearly for accounting fee. As other SMSFs might be complex with more investments the fee could be around $3000 + GST yearly. If you have an SMSF some fees are
What does it cost to run an SMSF? Read More »
Your SMSF is treated same like almost other entities in Australia for the tax return purposes as if it earns income it has to pay tax every year. The tax rate for income in SMSF that is in accumulation phase is 15%. Mostly tax rates that apply to SMSFs are 0%, 10%, 15% and 45%.
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SMSF is a part of superannuation sector which is growing at a fast pace as more and more people want to take control of their superannuation savings for their retirement. As the number of funds set up as SMSF are increasing so is the demand for expert SMSF tax return services. Because of the complexity
Do you know superfund warehouse offers best SMSF tax return services Read More »
SMSF auditor and duties they perform Every self managed superfund in Australia needs to be audited before the lodgement of the income tax return by an ASIC approved auditor who will examine super funds financial statements and will check funds compliance with superannuation laws in Australia. SMSF auditor should be registered with Australian Securities and
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What is super levy and when it needs to be paid? Super levy is an annual payment charged by the ATO to each SMSF with the lodgement of the tax return and will be added to the tax payable amount of the relevant year and paid to ATO. If there is tax refund for the
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SMSF Tax Return – SMSF annual return (Superfund tax return) must be lodged every year. An SMSF tax return reports income, expenses, contributions, super levy, regulatory information etc. to the ATO. We use BGL software for the preparation of the SMSF accounts and tax return. SMSF tax return is lodged after the SMSF audit is
What is an SMSF tax return? Read More »
SMSF (self-managed super fund) needs to be set up correctly so that it’s eligible for tax concessions, can receive contributions and is as easy as possible to administer. The fund must be set for the sole purpose of providing retirement benefits for its members. For SMSF set up consider appointing SMSF professionals to help you, choose your trustee
How to set up an SMSF? Read More »
Self managed super fund also known as SMSF or DIY super that you manage yourself. Like other superfunds, SMSFs help you to save for your retirement. The main difference between SMSF and other types of funds is that members of an SMSF are the trustee of the SMSF means they run SMSF for their own benefit.
What is an SMSF (self-managed super fund)? Read More »
Superfund Warehouse is a registered Tax Agent with the Tax Practitioners Board in accordance with the Tax Agent Services Act 2009. We are bound by the Code of Professional Conduct, which includes obligations to act with honesty, integrity, and competence, and to inform clients of any significant changes that may affect their decision to engage our services.
Code of Conduct
As a Tax Agent, our work for you is performed in accordance with the Tax Agent Services Act 2009. Under this Act, the Tax Agent Services (Code of Professional Conduct) Determination 2024 requires that we make the following disclosures to you:
1. Matters that could significantly influence your decision to engage us (or continue to engage us) for a Tax Agent Service from 1 July 2022 onward include the following:
• None Applicable 2. The Tax Practitioners Board (TPB) maintains a register of Tax Agents and BAS Agents. You can access and search this register here:
https://www.tpb.gov.au/public-register
3. If you have a complaint about us, we ask that you contact Gurjeet Singh at our office. We will work with you to help resolve your complaint as quickly as possible. If we cannot resolve the issue or you are not satisfied with how your complaint is being handled by us or with the outcome, you may be able to escalate the matter to the TPB. Complaints to the TPB must be made in writing using its online form, which is available at
myprofile.tpb.gov.au/complaints/
Note, not all complaints can be acted on by the TPB. For example, if your complaint is about fees, you will be asked to contact Consumer Affairs or the Office of Fair Trading in your State or Territory. However, the TPB may be able to assist if the fee complaint is associated with inappropriate conduct by our firm. Details about making complaints to the TPB are available at:
www.tpb.gov.au/complaints
