OUR PROCESS
Initial Consultation
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Contact us for a quote
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We will send you a calendar invite to book an in person or online consultation
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Luis will meet with you to find out more about your SMSF and let you know more about us. He will be able to give you a quote during this time.
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If you are happy with our offer, we will send you a service agreement to sign
Acquiring Documents
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Once we have received your signed service agreement, if you have an existing accountant for your SMSF, and are switching to us, we will send them an ethical letter and request information they hold about your fund. This includes previous financial statements (if applicable), establishment deed, investment strategy, ATO trustee declarations, fund ABN & TFN details, bank account details and current investments.
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If there is any missing information, we will contact you.
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We will send you additional forms to sign, including datafeed authority forms (gives us viewing access only), ASIC agent nomination, privacy agreement forms for connected professionals
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We will explain how to nominate us as your SMSF tax agent
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You will need to update your ESA details with your employer (if applicable)
Fund Set Up
- We use Class as our accounting software. When your SMSF is set up on our software, we will begin the process of entering all of the bank account and investment information you have supplied.
- We will contact you to discuss our regular direct debit arrangement for our accounting fees.
- If we have an active datafeed in place, it will automatically supply us with your funds banking transactions (viewing access only). If we don't have a datafeed in place, we will contact you regularly for bank statements.
- Our aim is to keep your accounting up to date on a regular basis and we will reach out to you for any relevant documents we may need.
- We will also monitor any pension accounts and withdrawals (if applicable)
- We will send you your annual ASIC company review documents to sign and remind you of ASIC invoices to be paid.
Annual Tax Lodgment
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We will arrange your SMSF's annual tax return and send you the financial statements to read through and sign off on
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We will organise the audit process for the annual tax return and send you the auditing invoice, which is separate to our accounting invoice. (SMSF audits are performed by independent external auditors)
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We are happy to chat to you if you have any questions regarding your SMSF, especially if you would like to or have made any new investment purchases or sales. PLEASE NOTE WE DO NOT PROVIDE FINANCIAL ADVICE.
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We can let you know if your SMSF is complying within the rules of Superannuation
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If your SMSF is not complying, we can assist you through the process of rectifying the breaches.
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If your fund is under an ATO review, then additional fees will apply for us to communicate with the ATO during this process. We aim to prevent this by regularly monitoring your SMSF.