SMSF Set Up Melbourne

The self-managed super fund (SMSF) is a trust structure and way to save for retirement. This superannuation trust structure was developed so that members can retire with the security and peace of mind of knowing their funds are safe, even if they’re retired!

The founders of Quick SMSF accountants believe that there is a need for affordable and efficient accounting services in Melbourne and Australia. Our professionals are University qualified accountants, registered tax agents, and registered ASIC agents to ensure their clients have access to the best possible service.

When you set up your own SMSF, it can be a difficult and time-consuming process. That’s where our service comes in! We take care of all the accounting paperwork so that you don’t have to worry about anything else – just focus on what really matters: saving for retirement with money from hard work now.

Setting up an SMSF Set Up Melbourne is not an easy task. Steps needs to be followed. If you’re interested in setting one up, Quick SMSF Accountants can help with the process of establishing and managing self-managed super funds for your superannuation or retirement needs!

Superfund Accounting Service Cost

Quick SMSF Accountants SMSF Setup Melbourne Cost is such that first, we will apply for an Australian Business Number (ABN) and a Tax File Number as part of the SMSF setup procedure (TFN).

Annual accounting – We’ll prepare your financial statements, handle your SMSF tax return preparation, and schedule your independent SMSF audit on an annual basis. All of these features are included in our annual fee.

Quick SMSF Accountants appoints an independent SMSF auditor to conduct a yearly SMSF audit. The audit fee is included in the annual fee; there is no additional audit fee. As a result, the cost to you is an annual fee.

Here Are The Six Stages To Your SMSF Setup:

1. Information Gathering

Gathering a large amount of data on things like required to set up superfund, what you want to call your new SMSF, and basic information are all important considerations. We’ll also need to know about your trustee structure requirements, as well as number of members you may have.

We’ve created a simple checklist for you to follow so you can finish it quickly.

2. Create an SMSF

Because an SMSF is a different entity, we’ll need to buy the Trust Deed, register the Trustee Company with ASIC if required, and fill out all of the necessary paperwork. We’ll need to register the SMSF with the ATO once that’s done. This usually takes anything from 2 to 4 weeks, depending on how fast the ATO is! (There are tasks for you to do here and sign the paperwork.)

3. Open a bank account

You can go to any bank of your choice and open a bank account and/or a deposit account. A U-Bank operating account, ANZ, Rabo Direct, Credit Unions, and other providers are examples of providers.

4. Super Rollover

You can then roll over your current super after the bank account is set up, depending on your decision.

5. Share Trading Account

Any share trading platform or bank of your choice can open an account for you if you decide.

6. Annual Accounting

Quick SMSF Accountants will send you a checklist for annual accounting task and prepare financials, tax return of the SMSF.

ACCOUNTING RESPONSIBILITIES

An SMSF will require a TFN, ABN, and a bank account to make investments, accept contributions, and payout pensions and lump-sum distributions.

Not to mention the fact that an SMSF has numerous accounting responsibilities to comply with applicable superannuation legislation (The SIS Act).
Accounting duties for SMSFs include, but are not limited to:

SMSF Set Up Melbourne