Self Managed Super Fund Services

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Self Managed Super Fund Services

As part of the ipac south australia group, xpal tax & accounting is able to offer you support in all areas of your trustee responsibilities.

The ongoing responsibilities for trustees of an SMSF can be grouped into some broad categories:

Compliance:

  • Complying with legal obligation under the trustee deed and superannuation-legislation
  • Preparation of trustee minutes
  • Keeping all paper work for 10 years (except for accounting records which are kept for 5 years)
Investment:
  • Setting an investment strategy
  • Making investments
  • Monitoring and reviewing the fund?s investment in accordance with the investment strategies
Administration:
  • Keeping records of investments, member account balance, contributions received, benefit payments and pension payments
  • Monitoring contribution and pension payment within prescribed limits
Tax and Accounting:
  • Prepare financial statements
  • Calculate and pay fund?s tax bill
  • Prepare and lodge BAS returns
Audit and actuarial services:
  • Arranging the annual audit of the fund by an approved SMSF auditor
  • Arranging actuarial certificates when required.
Insurance:
  • Consider need for insurance cover for the fund members.
Need more information?
Download our Self Managed Super Fund Guide here

Self-managed superannuation funds (SMSFs) Is It Right For Me? Guide




Testimonials

Xpal has been a great a help for Bakers Delight Mount Gambier over the past 5 years. Their understanding of the ATO system allows them to find the best possible result for us personally as well as for our business and our tax situation is therefore impressive.

We have loved working with everyone from Xpal as they are extremely professional and have made our accounting obligations easy as they can take care of everything.
Mark Jensen, Franchisee. Bakers Delight Mount Gambier
We are multi‐site owners operating 3 bakeries and have found it extremely difficult keeping on top of our book keeping while running the bakeries. Carmelina designed an accounting package which suited our needs she has also helped us with our BAS, payroll tax and helping source additional finance to enable us to refurb one of our bakeries. We highly recommend Carmelina from Xpal Tax & Accounting she has been instrumental in us moving forward.
Ian & Michelle Faneco, Franchisee. Bakers Delight Welland Plaza


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