YCG have a dedicated team that specialises in superannuation. From advice on how to manage superannuation for your employees all the way through to a self managed superannuation fund (SMSF).
Self managed superfund trustees are by law required to provide financial statements, lodge income tax and prepare audit reports along with other relevant statements with the Australian Taxation Office each year.
YCG takes the guesswork and the pain out of SMSF. We know that as your business grows, it’s more efficient to have one point of contact when it comes to your business financials. This is why we have brought together qualified accountants, SMSF advisors and auditors, tax consultants and financial planners all together in the one place – it is with this holistic view and context of your business that we become a trusted partner that goes beyond the numbers.
Many in our industry claim to provide SMSF accounting and consulting. But when we say we have a dedicated team that focuses solely on superannuation, we mean that we consult to over 120 self-managed super funds, some of whom have assets exceeding $40 million.
Our SMSF team can provide the following services:
SMSF set-up and administration, including annual financial statements, operating statement and statement of financial position
Manage communications and correspondence with the Australian Taxation Office
SMSF tax advice and consulting
SMSF regulatory advice
SMSF audit by an approved SMSF auditor.
The Australian Tax Office requires that all SMSF be audited on a yearly basis. The SMSF auditing must be completed by an ATO approved SMSF auditor. Our SMSF auditors are approved auditors under the Superannuation Industry (Supervision) Act 1993 (SIS Act).
We understand that flexibility is what every business owner is looking for, so when YCG undertake an SMSF audit we ensure that you are only paying for what you use and we take into consideration many factors to determine the scale of audit including:
General complexity of the fund
Number of fund members
Complexity of trust deed and needs of fund members
Number of investments
Number of financial transactions
Phase of the fund (accumulation or pension phases)
Businesses should also be aware that there are important differences between auditing a SMSF and the preparation of accounts and lodgment of tax returns.