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1SMSFAudit

842 Botany Road, Mascot, Australia
Professional Service

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As registered SMSF auditor with ASIC, we have been helping accountants, trustees and investors with their SMSF audit and SMSF Financial Preparation. We believe that selecting the right audit services firm is paramount to the financial success of any fund.

1SMSF.AUDIT believes in building relationships with our clients, and we view these relationships as partnerships. Our service is founded on the commitment, dedication and professionalism of our people. We strive to service our clients by adhering to our own standard of excellence. Our business philosophy is to partner with our clients to provide them with the highest quality of services by implementing practices of nothing less than excellence as a firm standard.

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www.1smsfaudit.com.au Knowing your Super Guarantee entitlements If you’re employed, you’re generally entitled to receive compulsory super contributions from your employer, also known as Super Guarantee (SG) contributions. Knowing some simple facts about SG can help you make sure that you’re getting what you’re entitled to. This is important because every SG contribution counts towards the amount of money you’ll have when you eventually stop working. www.1smsfaudit.com.au

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www.1smsfaudit.com.au More than one million Australians are members of an SMSF*, opting for more control over how their retirement savings are invested. But SMSFs come with risks you need to be aware of and require time, responsibility and knowledge. Here we help you understand what you need to know before deciding whether to set up an SMSF. www.1smsfaudit.com.au

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www.1smsfaudit.com.au Create the trust and trust deed A trust is an arrangement where a person or company (the trustee) holds assets (trust property) in trust for the benefit of others (the beneficiaries). A super fund is a special type of trust, set up and maintained for the sole purpose of providing retirement benefits to its members (the beneficiaries). www.1smsfaudit.com.au

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www.1smsfaudit.com.au Member and trustee requirements (Individual trustees) Maximum of four members. Each member of the fund must be a trustee, and each trustee must be a member of the fund (except for single-member funds – see below). A member cannot be an employee of another member (unless they are relatives). Single-member funds There must be two trustees. One trustee must be a fund member. If the fund member is an employee of the other trustee, the fund member and the other trustee must be relatives. www.1smsfaudit.com.au

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www.1smsfaudit.com.au Most people will choose to set up an SMSF through their accountant or an administration provider, which will typically supply all the standard documents required to establish and administer the fund as a package. Get started with 1SMSFAudit: www.1smsfaudit.com.au

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www.1smsfaudit.com.au You can choose one of the following structures for your fund: # up to four individual trustees # a corporate trustee (essentially, a company acting as trustee for the fund). The two structures differ in terms of: # Member and trustee requirements # Cost # Ownership of fund assets # Separation of assets # Penalties # Succession You should discuss this decision with an SMSF professional. So we are here for you.... www.1smsfaudit.com.au

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Best SMSF Auditor in Australia | SMSF Auditor, SMSF ,Australia, Sydney, Melbourne, Perth,...

www.1smsfaudit.com.au An SMSF is a complex undertaking and you can't do it all yourself. Each year you'll need to appoint an approved SMSF auditor to audit your fund. You can also engage other SMSF professionals, such as accountants and financial advisers, to help you set up and run your fund. An accountant can help prepare your fund’s accounts and its annual financial position and operating statements. A tax agent can complete and lodge your SMSF annual return, provide tax advice and represent you in your dealings with us. You can check if your tax agent is registeredExternal Link at the Tax Practitioners Board. A fund administrator can help you manage the day-to-day running of your fund and meet your reporting and administrative obligations. A legal practitioner can prepare and update your fund’s trust deed. A financial adviser can help you prepare an investment strategy and advise you about the different types of investment and insurance products. The ASIC website has information about choosing a financial adviserExternal Link. If you use an SMSF professional to help you set up your fund, you're still responsible for making sure it's done correctly. www.1smsfaudit.com.au

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www.1smsfaudit.com.au An SMSF may be right for you if: You want # Control over how you invest # Accountability for your super fund # More options tailored to your circumstances # Potential cost savings depending on your circumstances # More flexibility in how you pass on your wealth. … and you have # Investment knowledge, experience and skills # The time to actively get involved in researching and managing your investments # Commitment to keep up with the rules and regulations # A large enough super balance to make an SMSF cost effective and allow you to diversify your investments # An understanding of the fact that SMSFs are treated differently in the case of fraud, compared with other super funds. www.1smsfaudit.com.au

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How does an SMSF work? An SMSF is a trust structure, requiring a trustee. The trustee is legally responsible for the management of the fund’s assets and has the job of running the fund and ensuring it remains compliant. To comply with the law, an SMSF needs to: # Have four or less members # Each member of the fund also needs to be either an individual trustee, or a director of the corporate trustee # No member of the fund can be employed by another member of the fund unless those two people are related # The trustees of an SMSF cannot receive any remuneration for performing that role.

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www.1smsfaudit.com.au More than one million Australians are members of an SMSF*, opting for more control over how their retirement savings are invested. But SMSFs come with risks you need to be aware of and require time, responsibility and knowledge. Here we help you understand what you need to know before deciding whether to set up an SMSF. An SMSF, or self-managed super fund is a way to save for retirement. It’s different from other super funds because it is controlled by you and regulated by the Australian Taxation Office (ATO). By choosing to manage your super through an SMSF, you are electing to take direct responsibility for both: # The selection and management of the fund’s investments; and # The compliance of the fund itself. www.1smsfaudit.com.au

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www.1smsfaudit.com.au SMSF Audit Key Words : SMSF Audit SMSF Auditor SMSF Auditor in Sydney SMSF Auditor Sydney SMSF Auditor in Melbourne SMSF Auditor Melbourne SMSF Auditor in Perth SMSF Auditor Perth SMSF Auditor in Adelaide SMSF Auditor Adelaide SMSF Auditor in Brisbane SMSF Auditor Brisbane SMSF Auditor in regional Australia SMSF Auditor online Online SMSF auditor Cheap SMSF auditor Cheap SMSF audit Low cost SMSF auditor Fast SMSF audit Quick SMSF audit Investment strategy SMSF Investment strategy SMSF financial statement SMSF bookkeeping Self managed superfund Superfund audit online SMSF audit SMSF audit specialist www.1smsfaudit.com.au

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