Do you know where is your super invested? Are you happy with the performance?
Looking to take control of your super or seeking top-notch SMSF accounting services?
We’ve got your back.
NexGen Business & Tax Services Chartered Accountants are your go-to experts for all things related to Self-Managed Superannuation Funds (SMSF). We’re well-versed in the ins and outs of SMSFs and are here to ensure you have the best setup and service possible.
FREE CONSULTATION
Why Choose an SMSF?
As more people catch on to the benefits of steering their own investment decisions and retirement plans, setting up an SMSF has become a popular choice. With an SMSF, you’re in the driver’s seat, crafting investment strategies that suit your goals and choosing assets like:
- Residential Property
- Commercial Property
- Australian Shares
- Overseas Shares
- Cryptocurrency
- Precious Metals
- Managed Investments
- Cash and Term Deposits, and more.
Couples can even pool their superannuation, increasing their investment capacity and working towards shared financial goals together.
Our SMSF services include:
SMSF Establishment
We make starting an SMSF simple. We handle all the paperwork, registrations with ASIC and the ATO, and guides you through the setup process until your SMSF is investment-ready.
How to set up an SMSF?
Click on the above link to read our SMSF
set-up process.
Tax and Reporting
Count on us to prepare and complete your SMSF’s annual financial statements, tax returns, and independent audits. We’re also here to help with any ATO compliance needs, including BAS & PAYG lodgements and TBAR reporting.
Contribution Monitoring
We keep an eye on your contributions, ensuring they align with the relevant caps. Plus, we’ll help manage rollovers into your SMSF, keeping everything compliant with Superstream regulations.
Property Purchase Financing
Interested in buying property through your SMSF? We can set up the right structure for a limited recourse borrowing arrangement, making your property investment dreams a reality.
Expert SMSF Advice
Our accountants are on hand to provide in-depth advice on all aspects of superannuation and taxation.
Disclaimer: Please be aware that we at NexGen Business & Tax Services Chartered Accountants are not licensed financial planners. As such, we CAN’T advise you on whether a Self-Managed Superannuation Fund (SMSF) is the right choice for your individual circumstances. However, should you decide to establish an SMSF based on your own research or the guidance of a financial advisor, we are fully prepared to assist you with the setup and ongoing management of your SMSF. Our services are strictly limited to accounting, tax compliance, and related administrative tasks.
Common questions
Frequently Asked Questions
Q: How do I set up an SMSF?
Setting up an SMSF is straightforward with our guidance:
- Complete our SMSF setup form and questionnaire.
- We’ll process the setup documents and send them to you for electronic signatures.
- We handle the ATO registration and secure an Electronic Service Address (ESA).
- You’ll open a bank account for the fund.
- Transfer your superannuation balances.
- Begin investing according to your strategy.
Q: Will I receive support during the SMSF setup process?
Absolutely. Our personalised service means we’re with you at every step. You won’t be left to figure things out alone; we provide comprehensive support beyond a simple checklist.
Q: What are the costs involved in setting up an SMSF?
The setup cost ranges from $1,000 to $2,000 plus GST, varying with the type of trustee and the level of support you require during the setup process.
Q: How do you differ from low-cost online providers?
You would be surprised how competitive our prices are, however our value lies in the quality of service and independence:
- We require minimal effort from you.
- We’re independent, offering unbiased advice without commissions or kickbacks.
- Our exceptional service quality means direct access to us via mobile, email, or text for any queries.
Q: What is the cost to prepare annual SMSF accounts?
Our compliance fees start from $1,200 plus GST. Additional fees begin at $300 plus GST. For a combined super balance of, say, $200,000, this represents less than 1% of the total balance, making it a cost-effective choice for your SMSF management.
Q: Can you assist me with purchasing property through my SMSF?
Yes, we can assist you with the process of purchasing property through your SMSF. This includes providing guidance on compliance, structuring the investment to align with SMSF regulations, and ensuring that all legal and tax considerations are addressed.
Q: I’m interested in buying gold bullions within my SMSF; can you provide support for this?
Absolutely, we can support you in adding gold bullions to your SMSF investment portfolio. Our services include helping with the purchase process, understanding the storage and insurance requirements, and managing the tax implications associated with investing in precious metals within an SMSF.
Click here to read our SMSF and Gold Bullion Investment journey of one of our clients.
Ready to Take Charge?
Whether you’re just starting or looking to optimise your existing SMSF, NexGen Business & Tax Services is here to help. Contact us today and let us assist you in making the most of your retirement savings. Your future, your way.
Copyright © 2024 Nexgen Business. All Rights Reserved.