Corporate trustee vs individual trustee: which structure is right for your SMSF?
Corporate trustee vs individual trustee: which structure is right for your SMSF? Every Self-Managed Super Fund (SMSF) needs trustees. That’s how the Australian Taxation Office (ATO) recognises who controls and manages the fund. But before you start, there’s one important choice to make – whether your SMSF will have a corporate trustee or individual […]
Australia-wide SMSF accountant – qualified and licensed
Australia-wide SMSF accountant – qualified and licensed Managing a Self-Managed Super Fund (SMSF) isn’t just about numbers. It’s about compliance, clarity, and long-term control over your retirement savings. If you’re an accounting firm, tax agent, or SMSF administrator, you already know this. But what really makes the job easier – and safer – […]
What sets great SMSF Accounting apart: Winning trust in a competitive market
What sets great SMSF accounting apart:Winning trust in a competitive market Most SMSF providers say they offer great service. But what does “great” even mean when it comes to SMSF accounting? If you’re managing a Self-Managed Super Fund – whether you’re the trustee or the professional behind the scenes – you already know the […]
How SMSFs are taxed in Australia
How SMSFs are taxed in Australia Like any other entity in Australia SMSFs pay tax on taxable income. SMSFs assessable income comprises of: In Australian SMSF tax rate is set at 15% in the accumulation phase with assets held more than one year get 1/3rd discount and once the fund is in the pension phase […]
When is it not required to lodge SMSF annual return?
When is it not required to lodge SMSF annual return? Once established legally all SMSFs are required to lodge annual return except in the first year of the SMSF registration if there are no assets in the fund, there is no requirement to lodge the tax return. Trustees can either request tax office for return […]
What is the importance of an SMSF accountant?
An SMSF accountant is not your average number cruncher. They don’t just do tax returns and send you a bill. They manage the accounting of entire financial life of your self-managed super fund – from preparing your accounts and processing contributions to making sure your fund meets every single ATO requirements. And when you’re dealing […]
What advice can an SMSF accountant provide?
Let’s be upfront – at Quick SMSF Accountants, we don’t offer financial advisory services. We are not here to tell you where to invest or which asset class to chase. But what we do offer is something just as powerful – SMSF accounting and SMSF tax return services that give you crystal- clear insights into […]
Benefits of using an onshore SMSF accountant
Choosing the right onshore SMSF accountant could be the most important decision you make for your retirement fund. How come? Running an SMSF isn’t just about investing in shares or buying a property. It’s about managing a legal structure under some of the strictest tax rules in Australia. This is not something your regular accountant […]
Can my personal accountant act as my SMSF accountant?
Managing your own super fund isn’t a simple, regular thing. It’s not just about doing a few tax returns or setting up a fancy account. It’s about following strict rules. It’s about lodging the right report. It’s about keeping the ATO happy. That’s why you can’t just hand it over to your regular accountant and […]
What software applications do SMSF accountants work on
Managing a self-managed super fund is a complex undertaking. It requires accuracy, compliance, and efficiency. Unlike general accounting, SMSF accounting involves completely different regulatory requirements and reporting standards. To meet these requirements, all professional SMSF accountants in Australia depend on specialized software applications. These software applications are designed to facilitate fund administration and ensure compliance […]