Self Managed Superannuation Funds


Self-managed superannuation funds (SMSFs) are now the largest and fastest growing segment of the superannuation industry.  They can offer some significant opportunities for financial and taxation arrangements for small businesses under the guidelines, and enable your superannuation fund to benefit through appropriate investments of your choosing, rather than paying management fees to larger public  funds which have often failed to provide acceptable performance in rapidly changing global financial markets.

For trustees of SMSFs, managing your own fund and getting it right is very important. There are many rules and regulations in the various laws that govern super that are designed to protect your retirement income. As a trustee, you need to adhere to the rules and know that you are ultimately responsible for the running of the fund. You will need to use tax, financial and super professionals to help to manage it.

Regulating SMSF’s is an important responsibility of the Taxation Office and the Australian Securities and Investment Commission (ASIC).  ITR can provide accounting, audit and secretarial advice to setup your fund, to run it and help you to comply with the rules and regulations. There are significant fiduciary and audit obligations incumbent on SMSF Trustees and members.  There are also draconian penalties for non compliance, which in the worst case scenario can lead to de registration of the fund and penalty taxation on disallowed contributions and earnings back to its inception.

Don’t delay!

Contact the Tax Guy today and find out how we can help you. We can provide the expertise to establish your SMSF, develop your investment strategy and provide the ongoing and long term financial and secretarial advice to ensure compliance and secure growth and success.

Ask about our fixed price tax service. It’s ideal for tradies and sole operators.

Call now on 1300 829 489

Tradies Tax Guy - No Hassles Tax

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