SMSF Accounting & Tax Return
The legislation surrounding Self-Managed Super Funds (SMSF) has changed frequently in recent years, making accurate accounting crucial to avoid serious penalties. At VLP, we conduct regular training sessions for our staff on SMSF basics and recent changes. Our experienced managers, each with over four years of experience, thoroughly review all work before it is finalized.
Our year-end SMSF accounting includes a review of documentation and helps accountants raise accounting and audit queries all at once. This approach ensures accountants get all the necessary information from their clients quickly, reducing turnaround time.
We assist accountants in responding to auditor queries. After completing the accounting, we send it to the auditor, follow up with them, provide additional documents and minutes as needed, and ensure the audit is completed with minimal delay. We support accountants until the tax return is lodged with the ATO.
With our extensive experience in SMSF accounting, we prepare standard work papers for each ledger account and tax and GST reconciliation work papers, making audits and accountants' reviews much easier.
Our SMSF accounting service includes:
- Year-end or quarterly accounting
- ESA Registration
- Super stream rollover
- PAYG Instalment payment or variation/BAS preparation
- TBAR Filing
- Actuary application
- Property title search and property valuation
- Preparation of minutes/declarations/investment strategies
- Standard work papers
- Attending the queries from SMSF Auditors
- Assisting the tax filing
- Supporting the Accountants in attending to client queries
