For all your SMSF accounting and taxation needs…
SMSFs are a very powerful retirement planning vehicle that allows you greater flexibility and control over savings and investments. SMSF is a superannuation fund with one to four members where the members actively participate in the fund’s management. SMSFs are also sometimes referred to as DIY funds, mum and dad funds or family funds.
Compliance & Administration Of The SMSF
At Cloudforce we can assist you with all of the accounting and taxation required for your superannuation fund, including:
- Maintaining detailed capital gains tax records
- Maintaining detailed membership records
- Preparation of financial statements
- Preparation of the annual tax return and regulatory documentation
- Preparation of all minutes and associated documentation
- Arranging for external SMSF audit
Basic Accumulation Fund
CloudForce can assist with all of your SMSF accounting and tax compliance requirements including:
- Data entry and preparation of trial balance, financial statements and member statements of the SMSF on an annual basis.
- Preparation and lodgement of the annual SMSF taxation return, including liaising with the ATO where required in the capacity of tax agent.
- Liaison with the Auditor of your SMSF on your behalf in order to obtain the annual audit report.
- Preparation and maintenance of the capital gains tax register, provision of investment reports, preparation of annual minutes for the Fund.
Minimum $700 plus GST per year
Where the fund has complex investments or there is a large amount of share trading performed, we will provide a competitive quote based on hours required to perform the work
Account Based, Accumulated or Market-Linked Pension Fund
CloudForce can assist with all SMSF accounting and tax compliance requirements as per above, and also including;
- Calculations performed for segregation, part-pension or full pension modes with regards to member balances and the exempt pension deduction.
- Preparation of all minutes and forms required to start, roll over, or maintain the pension as required.
- Liaison with an Approved Actuary as required.
Minimum $900 plus GST per year
Accounting for GST
Where your fund is registered for GST for a specific reason (such as ownership of commercial property), CloudForce can prepare the trial balance and the quarterly or annual GST return and lodge the GST return with the ATO.
We are happy to provide a quote for GST accounting services based on hours required to perform the services.
Related Compliance Services
CloudForce can arrange for independent audit services to be performed on your SMSF annually and we will liaise with the auditors so you don’t have to. We can also arrange for quality, low cost actuarial services, as and when required for your fund.
Call the CloudForce Team today on 07 2111 5141 for more information.
