Horizon Accountants & Advisory: our role is to ensure correct setup to ensure YOUR SMSF is
eligible for tax concessions, is able to receive contributions and is easy to administer

SMSF Services
✔ Compliance Administration & Taxation ✔ Tax Planning Strategies ✔ Investment Choices ✔ Audit ✔ Setup

SMSF Compliance

SMSF compliance is an important aspect of running your own self-managed superfund.
The rules for establishing & running an SMSF are different to other entities.
Including recording and reporting responsibilities, administrative requirements and managing tax reporting and payment obligations.
Investing super money must follow special rules about SMSF investment.
Pensions require minimum pension payment to be paid annually.



Should YOU have a Self-Managed Super Fund?

Some questions to consider:
Q: Do you & the other members of the fund have a combined $250,000 in superannuation savings to begin the fund?
Q: Do you have strong investment knowledge or would you like someone to suggest investment strategy?
Q: Are you willing to learn & stay abreast of regulatory changes?

If you answered yes to all the questions above, an SMSF may be suitable for you to consider.



Does an SMSF need an audit every year?

Yes.
The SMSF audit involves a review of your fund and the strategies and transactions during the year
to ensure financial statements are fairly presented and superannuation rules are complied with.



Can my Accountant give me advice on an SMSF?

Your Accountant can provide advice on administrative tasks
and provide factual information about investments and strategies
BUT
On 1 July 2016, the rules changed
Accountants are now required to be licenced
in the same way, as Financial Advisers to provide financial advice like:

⮚ Setting an SMSF
⮚ Suitability of investment product or strategy for an SMSF

(Question to ask your Accountant: Are you RG146 licensed
ie. Licensed to give more than administrative task advice.)



Contact us for a free no obligation chat about how
we may be able to help YOU