When it comes right down to the planning for retirement savings, most people opt for SMSF (Self Managed Super Funds) because of the amount of control it provides to its members over their funds. The increase in the number of people choosing SMSF for their retirement savings illustrates its significance in the current times.
SMSF regulations are complex and it keeps on changing. Thus, establishing and managing SMSF without the assistance of a professional can be daunting, that's why most of the SMSF trustees look for SMSF accountants. If you also need an SMSF accountant in Parramatta, then this piece of content is for you. It will guide you to find the best SMSF accountant in Parramatta, so read it carefully!
Benefits of hiring SMSF accountants
Before moving further, let' discuss the benefits offered by SMSF accountants.
SMSF accountants help in setting up the SMSF rightly.
They make your job easier by minimizing the paperwork. Usually, SMSF accountants utilize automated software which reduces or eliminates the manual work, thereby reducing the chances of error or mistakes.
When it comes to lodging SMSF tax, auditing is the most important and tricky aspect. SMSF accountants assist with auditing your funds at the end of each financial year. Moreover, they also prepare and update your trust deeds.
They ensure that your SMSF is ATO-compliant. These professionals possess extensive knowledge about the tax laws, and thus they make sure that your SMSF adheres to these tax laws.
SMSF accountants provide personal guidance and advising to help SMSF members to make the right investment decision.
So, these are the main benefits of hiring SMSF accounts. Now let's proceed ahead to know what are the qualities that you should look for while hiring SMSF accountant.
Qualities to look for in an SMSF accountant
Your SMSF partner or accountant should be licensed and registered
They should be well-versed with the laws to take care of the compliance
Though an SMSF accountant without experience need not be incapable of managing your SMSF, it is preferable to look for experienced professionals as they will ensure reliable services.
They should be proficient in providing auditing services.
SMSF accountants should be competent to provide expert pieces of advice.
Your SMSF accountant should well-reputed. Make sure that they have good records while working with their previous clients.
So, consider these qualities while choosing your SMSF accountant.
Tax gain is a chartered accountant firm, providing accounting, taxation, and business advising services in Parramatta and surrounding areas. Their robust SMSF accountant services make them the most reliable accountancy firm in Parramatta.
Artha Tax and Accounting Services
Artha Tax and Accounting Services provides expedient SMSF accounting services that include preparation and lodgement of fund’s income tax return, preparation of financial statements, detailed investment reports, and more.
GC Accounting and Financial Services
GC Accounting and Financial Services offer innovative professional SMSF services with expertise in business accounting, finance solutions, and taxation.
So, hire the right SMSF accountant in Parramatta and streamline your work!