09 Specialist
SMSF review and administration
Annual administration and a plain-English review of whether the fund is still worth running.
We prepare the fund's financial statements, member statements and annual return, keep the investment strategy documentation current, and arrange the independent audit that the law requires be done by someone other than us. Once a year we also do the honest review: what the fund costs to run against what it holds, whether the strategy still matches the members' ages, and whether a fund with a small balance is still the right vehicle.
What is included
- Fund financial statements and member statements
- SMSF annual return prepared and lodged
- Investment strategy documentation reviewed and minuted
- Independent audit arranged with an external auditor
- An annual meeting on whether the fund still suits you
$1,650 to $2,950
per fund per year plus the independent audit fee at cost; the range is set by the number of members and how many investments and property holdings the fund carries
Review your fundor call (07) 5550 0080
02How it runs
Four steps, in this order
Typical turnaround: 4 to 8 weeks after 30 June. You are told which step we are on, without having to ask.
- 01 Collect the year's transactions and holdings
- 02 Prepare statements and the annual return
- 03 Send the file to an independent auditor
- 04 Meet to review strategy, costs and contributions
03Asked often
Before you ring
If your question is not here, it is probably on the FAQ page, and if it is not there either, ring and ask.
Can you audit our fund as well as prepare it?
No, and neither can anyone else who prepares the accounts. The audit has to be independent, so we arrange it with an external SMSF auditor and pass on their fee at cost.
Our fund balance is fairly small. Is it still worth it?
Often not. Once you add administration, audit, the supervisory levy and any investment costs, a small fund can be paying a percentage that a plain industry fund would not charge. We will run those numbers with you and say so plainly.
Can the fund buy a property on the farm?
Business real property can be held by a fund and leased back at market rates, but the rules on related parties and borrowing are strict. It is worth a conversation before anything is signed.
What people usually pair this with
07The first meeting
Start with the free meeting
Forty-five minutes, no charge, no obligation afterwards. Long enough for us to tell you what we would charge and whether we are the right fit. In the office, at your property or on the phone.
What to bring
- Last year's return and the notice of assessment
- Access to whatever bookkeeping file you already have
- Bank statements for any account the business uses
- A rough idea of what the business does and where it is going
- Anything you have been putting off opening
Or skip the form
(07) 5550 0080- Mon to Thu 8:30am to 5:00pm
- Fri 8:30am to 4:30pm
- Sat Closed, except by appointment from July to October
- Sun Closed
Leave a message and we return it the next business morning. Fixed-fee clients can book an evening or early-morning call through the client portal, which suits people who are on a job site or in a paddock during office hours.
Thanks, that is everything we need
Demonstration only. Nothing was sent and nothing was stored. On a live site this would reach hello@tabletopaccounting.com.au and a booking would be confirmed by phone.