A Self-Managed Super Fund is a type of trust. Its main
purpose is to provide an income upon retirement for its members. Moreover, an
SMSF has its own tax file number, Business number and bank account. But dealing
with all these documentation is very complex. Therefore it is always advisable
to take help from an SMSF Accountant of Melbourne. Generally, all SMSF investments are made in the name of
the fund and are controlled by the trustees. For the purpose of the trust, an
SMSF requires a trustee.
There
are usually 2 trustee structure options available:
Corporate Trustee
In a corporate company, a company acts as the trustee and
each member is stated as a director. This allows simpler recording and
registering of assets, providing administration efficiencies and flexibility in
membership.
Individual trustee
In Individual trustee, each member is appointed as a
trustee and here you need to have at least 2 trustees.
Reasons to hire an SMSF Accountant
There are certain reasons to hire an SMSF Accountant and
all are discussed as below:
Personal Assistance
SMSF accountant will always be there at your service for
providing you with the guidance. By having an SMSF accountant by your side you
can never feel alone. Moreover, you will always feel that there is someone who
is constantly providing you personal assistance.
Complete service
You will be provided with a complete service by the SMSF
Accountant in all the possible aspects. The services will include reporting,
paperwork, documentation and support with the different tax laws and super
laws.
Investment Choice
SMSF Accountant always makes sure that you invest wisely.
They are expert in this field and has years in experience.
Less paperwork
SMSF Accountant are professionals and are well aware of
streamlining your SMSF. Moreover, they have the latest automated transactions
feeds from banks, brokers and investment platforms available. This makes the
overall process easier, faster and cost-effective.
Generally, the goal of the SMSF Accountant is to do
minimal documentation and manual data entry.
Affordable charges
The fee packages of these SMSF accountants are usually
fixed. Moreover, these accountants charge you either annually or quarterly. No
matter how many transactions you have made. So, it will even not hurt your
pocket.
Tax control
The SMSF Accountant will also control your tax. You don’t
have to pay a large amount of tax every year.
So what are you waiting for? Get in touch with SMSF
Accountant to enjoy several benefits and to save your extra money.
