SMSF Accountants
Taggart & Partners - Professional and knowledgeable SMSF accountants
As the ATO’s June 2023 SMSF quarterly statistical report highlights, there are now 601,287 self-managed super funds (SMSFs) in operation with 1,130,640 total number of members, managing an estimated $844 billion in assets.* With more and more Australians choosing SMSFs to help them meet their retirement aspirations, it is essential to talk with an SMSF accountant Brisbane trusts for sound advice.
As a leading provider of SMSF accounting services, Taggart & Partners has the knowledge and experience to help you fully understand all your Self Managed Super Fund options.
We can help provide you with expert advice on creating, structuring and managing your SMSF. If you are ready to get started, get in touch with our expert business accountants today on 07 3391 1188 or submit our online contact form.
Self Managed Super Fund Minimum Amount
On average, SMSFs with balances below $500,000 have lower returns after expenses and tax than funds regulated by Australian Prudential Regulation Authority (APRA) (Source: asic.gov.au)
SMSFs are an increasingly popular option for many Australians as they allow you to:
- Have complete control over your retirement portfolio
- Have increased investment choice and flexibility
- Potentially reduce administration fees
- Purchase an investment property leveraging your super fund
- Manage or eliminate your Capital Gains Tax
- Pool your superannuation assets with a partner or family
- Control who benefits from your estate
Talk to a superannuation accountant today to get help you with
- Establishing or winding up a Self-Managed Superannuation Fund
- All adminstrative requirements of your SMSF
- General advice on SMSF structure and SMSF product classes
- Transition to Retirement Strategies (TRIS)
Get in touch with the SMSF accountants Brisbane relies on! Whether you need assistance with an existing fund or require a new fund to be created, Taggart & Partners are on your team.
This information has been prepared without taking into account your objectives, financial situation or needs. Because of this, you should, before acting on this information, consider its appropriateness, having regard to your objectives, financial situation or needs.
*as at June 2023, according to the latest SMSF statistics released by the Australian Taxation Office (ATO). Australian Prudential Regulation Authority (APRA) is the prudential regulator of all super funds, with the exception of SMSFs, which are regulated by the ATO.
Frequently Asked Questions
SMSF accountants specialise in providing financial and accounting services specifically tailored to self managed super funds. While the scope of work they complete is vast, SMSF accountants assist in establishing SMSFs through handling legal and financial requirements such as trust deed creation and registration with the ATO. They will ensure ongoing ATO compliance, maintain accurate records and prepare financial statements.
a superannuation accountant will also manage all tax affairs of the fund, provide guidance on regulatory changes, assist with estate planning, as well as complete regular audits and provide reporting to fund members. Finally, SMSF accountants will assist with benefit payments once members become eligible.
If you require assistance with managing your SMSF, get in touch with Taggart & Partners today on (07) 3391 1188, or email enquiries@taggartandpartners.com.au.
While in Australia it is not a legal requirement to utilise an accountants to manage your SMSF, it is highly recommended due to the significant risk of managing it yourself without being equipped with the proper skills and knowledge.
Because SMSFs are subject to complex and continuous regulatory changes, an SMSF accountant will ensure your fund remains compliant which reduces the chance of penalties. Furthermore, superannuation accountants can provide advice on investments to ensure your fund performs well, complete complex administrative requirements of a SMSF, and will ultimately provide peace of mind knowing your fund is in safe hands and is in line with your retirement goals and risk tolerance.
For dedicated SMSF accounting services, get in touch with the Taggart & Partners today by dialing (07) 3391 1188.
An accountant operating under a valid AFS license or acting on behalf of an AFS licensee can establish a self managed super fund on your behalf. AFS license holding SMSF accountants must provide a Statement of Advice to a client that clearly establishes the viability of utilising a SMSF before a fund is established.
Non-financial licensed accountants are not able to establish a SMSF or provide investment advice, but they can provide ongoing administrative support to your SMSF.
Taggart & Partners’ passionate accountants are experienced providers of SMSF accounting services. Contact us for meaningful assistance today.
In order for an accountant in Australia to provide advice on your SMSF, they must hold an Australian Financial Services (AFS) license or be an authorised representative of an AFS license holder. Non AFS accountants can provide administrative advice, however they cannot make recommendations on specific financial strategies or products/investments.
Contact Taggart & Partners to utilise the services of an SMSF accountant with extensive experience in managing all of the accounting and taxation requirements of your self managed super fund.
Our SMSF accountants would love to have the opportunity to discuss your business accounting needs with you. Connect with the business accountants Brisbane trusts by completing the form below or call 07 3391 1188 to get started today.