Self Managed Super Fund Services Sunshine Coast
Wardle Partners Accountants & Business Advisors are dedicated to helping you easily manage your SMSF while providing you with proactive solutions for SMSF compliance and administration. Our team take pride in delivering timely and quality services and would love to help turn your dreams into plans.
Self Managed Super Fund (SMSF) Accountants Sunshine Coast Queensland
More and more people are realising the advantages of making their own investment decisions and taking control of their retirement strategy. An increasingly popular way of doing this is by setting up a self-managed superannuation fund (SMSF).
An SMSF gives you control over specific investment choices involving their superannuation. You can tailor your own investment strategies and select specific assets such as:
|Listed Shares||Managed Investments||Cash and Term Deposits|
|International Equities||Cryptocurrency||Commercial Property|
|Precious Metals||Residential Property||Instalment Warrants and so on.|
A common strategy is for a husband and wife to combine their superannuation, increasing the pool of funds to invest and making it easier to work toward one common investment objective.
Since 1982 the dedicated and proactive SMSF team at Wardle Partners Accountants have provided a range of professional, quality services for SMSFs, including:
|1. Transitions from other Accountants||10. Estate Planning|
|2. SMSF Setup||11. Tax Planning|
|3. Financial Statements Preparation||12. Pension Establishment and Reporting|
|4. Annual Income Tax Return Preparation and Lodgement||13. Lump-Sum Withdrawals|
|5. Preparation of Members Statements and Balances||14. BAS Preparation and Lodgement|
|6. Annual Audit||15. Death Benefit Payments|
|7. Investment Strategy||16. SMSF Windup|
|8. Limited Recourse Borrowing Arrangements||17. Transfer Balance Account Reporting (TBAR)|
|9. Handling Complex SMSF Structures|
We will assess your unique situation and work with you to understand your obligations, the regulations and legislation surrounding the correct operation of an SMSF.
Our SMSF Services
Transition From Other Accountants
Whether you are moving to the Coast and want a local relationship, or your accountant has let you down or doesn’t specialise in SMSF, Wardle Partners are here to provide you with peace of mind. We’ve done lots of takeovers. The transition over to us is free of charge and a very seamless process. We’ll even review your SMSF documentation and current set up for you.
SMSF Set Up
If you have decided that a self-managed super fund is the right choice for you, our SMSF specialist will guide you through the establishment process and documentation of your investment goals. It’s essential to set up your SMSF properly so that it’s eligible for tax concessions and easier to manage once up and running.
Our goal is to make the whole process simple for you and ensure you have a full understanding of how it all works.
We will apply for an ABN, TFN complying status and register the SMSF for GST if required. *We recommend you seek professional advice to assess and determine if a SMSF is appropriate to your circumstances.
Financial Statements Preparation
Wardle Partners experienced and highly trained accountants will prepare first-class annual financial statements which will detail all the income, expenses, profit, asset sales & purchases and the value of investments.
Annual Income Tax Return Preparation and Lodgement
The SMSF annual return is more than an income tax return, it is also used to report super regulatory information, member contributions, and pay the SMSF supervisory levy. As Registered Tax Agents, Wardle Partners will accurately prepare and lodge your annual income tax return with the ATO.
Preparation of Members Statements and Balances
As part of the annual Financial Statement preparation process, Wardle Partners will prepare a Member Statement for each member of the SMSF as this is a legal requirement. The Member Statements will summarise all contributions, contribution types, tax components, rollovers, preservation components and withdrawals made from the SMSF.
SMSFs are legally required to undergo an independent ATO-approved audit each year. You can depend on the team at Wardle Partners to prepare accurate, compliant financial statements. We’ll liaise with the auditor on your behalf so you won’t need to do a thing.
It is a legal requirement to have an Investment Strategy in place when you establish an SMSF – but it’s not a set-and-forget document. Your investment strategy will need to be regularly reviewed over the life of the fund to make sure it meets your objectives. We can help you document your Investment Strategy and if you don’t have a strategy, we recommend obtaining advice from our associate partners, Compass Financial Solutions.
Limited Recourse Borrowing Arrangements
It is possible to borrow money to acquire assets – generally property. *The process is more involved than regular lending and you should seek personal advice in this regard.
Handling Complex SMSF Structures
Here at Wardle Partners, we can handle small to very complex SMSF structures. Our dedicated team of senior accountants have been helping clients for many years and love dealing with the challenges that larger SMSF can sometimes present.
Estate Planning is much more than simply having an up-to-date Will – superannuation is an important component (sometimes the biggest) and we work closely with your lawyer to make sure your SMSF assets are well planned for and in a tax-effective manner.
There are numerous tax planning opportunities associated with SMSF’s, such as making concessional contributions and your business renting a commercial property from your SMSF. *It is important to get personalised advice from a qualified advisor, tailored to your specific circumstances.
Pension Establishment and Reporting
Generally, at retirement (subject to age) you can start to access your money in your SMSF to live off in the form of a pension. There are tax advantages with this as well and our experienced team at Wardle Partners will take care of all the paperwork and reporting for you.
Taking a Lump-Sum withdrawal is an option if you have reached your preservation age or met a condition of release. We can manage all the paperwork requirements and administrative processes involved in your withdrawal.
Death Benefit Payments
Death benefits need to be paid out in accordance with the wishes of the deceased, which are generally documented in the form of Beneficiary Nominations or Binding Death Benefit Nominations.
Death benefits are paid to either beneficiaries or the deceased’s estate and there are various rules governing the payment and taxation of them.
As an SMSF trustee, you need to ensure that the payment rules are always met. Wardle Partners can help with the payment of death benefits from the SMSF.
BAS Preparation and Lodgement
It is common for an SMSF that owns a commercial property to be registered for GST. Our team can prepare and lodge Business Activity Statements with the ATO. We will ensure that you meet the regulatory obligations and the required deadlines.
Winding up an SMSF can be a complex process, with all the paperwork and administration involved. Wardle Partners SMSF accountants can make it easy for you. We will ensure that you comply with all superannuation legal requirements and we will provide you with clear guidance on the steps you need to take to close your SMSF.
Transfer Balance Account Reporting (TBAR)
Wardle Partner’s SMSF accountants provide you with accurate records and tracking of each individual’s balance for their transfer balance cap and total superannuation balance. In addition to the SMSF annual return (SAR), a transfer balance account report (TBAR) is required each year by the ATO and we ensure this is done seamlessly for you.
We have been using the services of Wardle Partners for our business and personal affairs for many years. We have been happy with everything they do for us, including income tax returns, tax planning, sale of business, company secretarial, advice and assistance with our SMSF.
Wardle Partners are not your average run of the mill bean counters, they are a one stop shop for all things accounting and we cannot recommend then enough.
The Wardle Partners team have been taking care of my business, superannuation fund and personal taxation and accounting affairs for the last seven years. I have always found the team to be approachable and prompt with all dealings I have had with them and it is nice to know that I am well looked after by a caring, friendly and professional team.
I have no hesitation in recommending Wardle Partners to others looking for a new accountant.
Wardle Partners have been helping us with our SMSF, personal and company tax returns, tax strategies and business planning since 2016.
They are very responsive to our calls and emails. Their approach is always professional and friendly at the same time. We are very happy with their service and highly recommend.
We moved to Caloundra 5 months ago and were looking for a local accountant for our business and personal tax as well as our SMSF accounting. Everyone at Wardle Partners that we have dealt with have really made our transition easy, they are all very friendly and professional so we have no trouble in recommending them.
As a most important aspect of our retirement lifestyle, we saw the very clear need for our personal taxation matters, also our Self Managed Superannuation Fund regulations to be in the management of Certified Practising Accountants for their professional overview and understanding of the frequently changing rules and regulations. Wardle Partners Pty Ltd, Caloundra, have provided us with pro-active attention to those needs, sound advice and excellent service. We are most grateful to Mark and Graham and their support team for our peace of mind in our retirement. We thoroughly recommend Wardle Partners Pty Ltd to the business and private community for all financial and taxation matters
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Reap the rewards of your investments
A self-managed super fund (SMSF) can give you hands-on investment flexibility and help you make the most of your retirement savings so you can enjoy the lifestyle you want. Our Sunshine Coast SMSF accountants will help you understand the requirements of managing your fund and keep you up to date with SMSF compliance and administration.
Working with Wardle Partners will enable you to rest easy, knowing your SMSF is running smoothly and within the law.
Get in touch with us to get started.
*We recommend our associate partners, Compass Financial Solutions (Authorised Advisors ASFL 278272) who are able to provide personalised advice & recommendations, as indicated above.
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