Self- Managed Superannuation Fund Administration
You will have clients who like to have control of their financial position and it is likely that they will have, or would like to have, their own Self-Managed Superannuation Fund.
THE REASON BEING is that these clients are 'rain makers'. They believe in themselves and their ability to make things happen……. This is a great client to have AND the one you want!
To offer Self-Managed Superannuation Fund Administration Services requires:
Comprehensive knowledge of the SIS Act 1993 and the SIS Regulations 1994.
Understanding the new compliance regime created by the New Superannuation Measures 2018
Dealing with continual compliance matters such as:
>Transition Balance Cap management
>Transition Balance reports – to the ATO
>NALI audits
>Contribution Reporting
>SMSF Reserves
>Paying Death Benefits in a timely manner
>Rectifying incorrect taxation returns
>Real time reporting
>Events based reporting
Software and systems that meet the regulations and have the correct reporting capabilities. (There are many, so which is what??)
Get it wrong and the trustee/s of the SMSF will receive and Audit from the ATO and possibly receive trustee administrative penalties under Sect 166… (creating a possible Professional Insurance claim against the practice or practitioner).
REMOVE THESE RISKS AND CONCERNS BY GETTING COREVALUES TO DO YOUR SMSF ADMINISTRATION WORK
YOU DEAL WITH THE CLIENT…. YOU MAKE YOUR PROFIT WITHOUT THE COMPLIANCE RISK
HOW IS IT DONE?
By the CoreValues Group Real Added Value Services:
“White Label” (Accountant’s logo appears on all paperwork) - SMSF administration services for your type of practice
Establishment and provision of the latest and most comprehensive trust deeds and associated documentation
Establishment of Corporate Trustees and provision of ASIC services
Portal access so your practice can view client’s daily activity – as though it was in-house
Immediate and constant identification of:
trust deed’s compliance
Members Pension rights and position
Corporate action oppertunities
Actuarial Services
Clients ‘real-time’ access to their fund summary
Quick turnaround time
Cost-efficient – accountant billed direct – allowing for profit margin to be added.
These services are designed to give real value to accounting practices allowing them to focus on other key business opportunities. Remove the compliance risk and help those businesses increase profitability. This is not just an outsourcing service it is a specialised outsourcing service. – We are local and with a team of specialists. We do not use offshore processing.
THE ADMINISTRATION SERVICE PROCESS?
While setting up a SMSF may seem straightforward, the administration, audit and management can be complex and time consuming and not necessarily cost effective… this is what it involves:
Establish of Self-Managed Superannuation Funds
Preparation of Financial Statements
Preparation of Income Tax Returns
Audit Compliance of SMSFs
Strategic Advice including Borrowings and Pensions
Wealth Management
Estate and Succession Planning
Dealing with the Australian Taxation Office (ATO)
Compliance Management and Rectification
And if YOU require it, the CoreValues Group can provide you with a “One Stop Shop” service – from the time your fund is established to ongoing quality administration as well as implementing the most suitable strategy to build wealth for retirement. We work closely with practitioners who assist, or would like to assist, clients with the establishment of SMSF’s and provide advice in respect of appropriate investment strategies, wealth management, commencing pensions, transition to retirement arrangements, estate and succession planning.
CONTACT THE COREVALUES GROUP FOR AN APPOINTMENT TODAY……. admin@corevalues.net.au
