Superannuation Compliance and Administration

Running a self-managed superannuation fund can see you covered in paperwork dealing with auditors and keeping the ATO (as the regulator) happy that you have complied with all the Superannuation Laws.

We take the pain out of administering your SMSF by keeping track of your transactions using cloud based software that lets you see your funds performance in real-time.

Superannuation is built on prohibitions of what you can’t do.

Each year an auditor is required to sign off that you have complied with the super laws and will lodge a contravention report with the Australian Taxation Office if you haven’t.

We work with you and your auditor to determine appropriate course of action to minimise and rectify any breaches

Early identification of potential compliance issues is key to minimising the risk that your fund will become a non-complying fund and taxed at 47%.

Superannuation is usually taxed concessionally at rates of 15% or less. However some transactions can cause the fund to have non-arm’s length income which is taxed at 47% unwinding all the tax benefits of utilising superannuation.

It is now easier than ever to have a non-arm’s length income risk as it applies to both income and expenses.

To reduce the risk that 47% tax will apply to your superannuation, we can help prepare SMSF Rulings for the ATO to provide confirmation of whether a transaction complies with the super laws or not.