Our specialists offer expert SMSF advice, recommendations, and strategies.
15+ Years' SMSF Accounting Experience
Your Expert SMSF Accountants in Perth
As of 1 July 2016, specific superannuation advice on investments must only be provided by an individual or entity that holds an Australian Financial Services Licence (AFSL).
Our SMSF accountants in Perth do not hold an AFSL, however, we are able to provide you with advice relating to the tax legislation of SMSFs, their maintenance and compliance.
Whether you have a new or existing SMSF, we can provide you with SMSF advice, recommendations and strategies that ensure efficient and continuous management of your self-managed super fund. It’s our goal to take the time and hassle out of your SMSF, so you can focus on running your business.
Our SMSF Services
SMSF Qualifications
We will help you determine if you should move to an SMSF before making the final decision. This step is critical before you get to the next level. Determine first whether you are eligible to become a trustee, as well as your reporting requirements.
SMSF Setup Assistance and Compliance
Many people consider exploring SMSF, but most do not know where to begin. We’re here to provide administration, compliance, auditing, and taxation services for SMSF. You can better manage your SMSF when there’s someone you can rely on for each step of the process. We also assist you in understanding the possible risks of having SMSF.
Law and Legislation Monitoring
SMSF can be complex, thanks to the raft of rules and requirements you need to meet under the Superannuation Industry (Supervision) Act 1993. There are other regulators to be aware of, as well, including the ATO, ASIC, APRA, and others. Make things easier by leaving the job of keeping up with new laws and legislation changes to us.
SMSF Administration and Accounting Services
We keep your SMSF costs low by automating much of the minor administration tasks that can chew up a lot of your time.
After setting up your SMSF, Origin will provide ongoing data reconciliation of the SMSF for the trustees. You may have to supply a copy of your SMSF bank statements and relevant share trading account statements. Then, we will load the data into our system to proceed with the preparation of your accounts and SMSF tax returns.
Contribution Strategies
We’ll give you proper advice regarding contribution strategies, including the amounts, types, and withdrawals. We will also help you with re-contribution for each withdrawal so you can re-contribute it back to your super. The benefits can be taxable or tax-free.
Fund Access
It’s our mission to help you navigate the path of SMSF setup and management so you don’t have to lift a finger for it. Our knowledgeable advisors will assist you in avoiding any mistakes that can get you in trouble, especially with ATO. We guide you in accessing super funds and wind-ups with complete requirements, so you never waste time.
SMSF Setup
Setting up an SMSF can seem overwhelming, but with over 15 years of experience, our SMSF specialists are here to guide you through every step. We begin by helping you determine if an SMSF is the right choice for you. This includes assessing your eligibility to become a trustee and understanding your reporting requirements.
Our SMSF setup service includes comprehensive administration, compliance, auditing, and taxation support. We aim to simplify the process, ensuring you have reliable assistance at each stage. Additionally, we provide insights into potential risks, so you can make informed decisions about managing your SMSF.
Whether you’re starting or need ongoing SMSF administration, our experienced SMSF accountants and specialists are here to support your journey. Contact us today to learn more about our SMSF services and how we can help you achieve your financial goals.
SMSF Administration
At Origin, we automate minor administrative tasks to keep your SMSF costs low. Once your SMSF is set up, we handle ongoing data reconciliation, preparing your accounts and tax returns based on provided bank and share trading statements.
Our mission is to simplify your SMSF management, helping you avoid mistakes and ensuring smooth access to super funds. We guide you through setup, management, and wind-ups, so you can focus on your financial goals without the hassle.
We also stay updated on laws and legislative changes under the Superannuation Industry (Supervision) Act 1993 and manage requirements from regulators like the ATO, ASIC, and APRA to ensure you are always up to date.
SMSF Advice
Getting the right advice on contribution strategies is crucial for maximising the benefits of your SMSF.
Our specialists provide tailored SMSF advice on the optimal amounts and types of contributions, as well as guidance on withdrawals and re-contributions. We help you understand how to manage your contributions effectively, ensuring you maximise both taxable and tax-free benefits.
Our team is here to assist you with every aspect of SMSF management, making sure you take full advantage of your superannuation fund.
Your Grant Writers
Meet the Team
Origin Business Consultants delivers a specialised business advisory service focusing on accounting and taxation, grant writing, research and development, and business support. Led by Jeremy Wolf and supported by a group of talented professionals, we strive to deliver high-quality service with excellent results for any business.
FAQs
One of the key advantages of an SMSF is the tax benefits, including a 15% income tax rate and a 10% capital gains tax on assets held for over 12 months. Additionally, an SMSF gives you complete control over your investments, offering flexibility and the ability to borrow funds for property. Furthermore, it provides a tax-free income stream in retirement, making it an attractive option for many.
However, there are disadvantages to consider. Non-compliance with regulations can result in a hefty tax rate of 47%. An SMSF also requires significant funds to be cost-effective and demands greater personal responsibility and involvement, which can be a drawback for some individuals.
Setting up an SMSF typically takes between 4 to 6 weeks. This timeframe allows for all necessary steps, from financial assessments to the actual establishment of the fund, to be completed thoroughly.
Yes, SMSFs do pay capital gains tax, usually at a rate of 15%. This is an important consideration for anyone managing an SMSF, as it impacts the overall tax efficiency of the fund.
Borrowing money from your SMSF is permissible under specific conditions. However, it is highly recommended to seek advice from a specialist like ourselves to ensure compliance with all relevant regulations and to understand the implications of borrowing within an SMSF framework.
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