Comprehensive tax compliance and audit services for SMSFs
Rest easy, knowing our experts will help you do it right
As part of it’s comprehensive SMSF administration service, LDB advises SMSF trustees on tax strategies that comply with all relevant regulations and undertakes the annual preparation of:
- Financial statements
- Member statements
- Fund tax (annual) return
- Investment listing, including maintenance of capital gain records
- Trustee minutes, including the required paperwork regarding any new or exited fund members
- Transfer Balance Account (TBA) reporting
- Contribution resolutions
- Pension resolutions
- Trustee company compliance and maintenance of company register.
Transitioning to retirement with expert guidance
We are experts in assisting SMSF trustees move from the accumulation phase to the retirement (pension) phase and working through the complicated tax issues.
We assist with retirement phase income streams (e.g., account based pensions, market linked pensions, and complying pensions) and transition to retirement income streams (TRIS).
If an actuarial certificate is required as part of the preparation of the financial statements, this will be attended to by the SMSF team.
“LDB has been advising SMSF trustees for over 20 years. ”
LDB will also arrange the annual audit that is required.
Under current legislation, every SMSF is required to have their fund audited by an auditor each year to ensure that it has complied with the superannuation legislation.
The penalties for non-compliance can be severe, ranging from substantial fines and disqualification as a trustee to the fund’s income and assets being taxed at the top marginal tax rate.
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Get expert advice for your SMSF today
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Let LDB help ensure your SMSF is compliant and successful.
Call us on (03) 9875 2900 or fill in the contact form below, our SMSF experts will be happy to answer all your questions.
Choose carefully
It is important that trustees understand that, even though they engage professionals to assist in managing their SMSF, they remain personally responsible for fund compliance. It is therefore of great importance to choose advisers carefully.
LDB has been advising SMSF trustees for over 20 years. In all that time, none of the funds that have adhered to our advice have been found to be non-complying.
In fact, in many cases, we have worked with the trustees of non-complying SMSFs to bring them back into compliance, saving them from potentially harsh penalties and ATO-directed enforceable undertakings, which could mean the winding up of the SMSF.
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Get help from LDB’s Superannuation experts
To find out more about how we can help ensure your SMSF is compliant and successful, call us on (03) 9875 2900 or fill in the contact form below. One of our SMSF experts will be happy to answer all your questions.
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