Pre-Audit checklist to supply to your SMSF trustees
Pre-Audit checklist to supply to your SMSF trustees Accountants can download this checklist for their SMSF trustees to ensure all required documents and information are ready before the SMSF audit. Providing complete and accurate information helps speed up the process and avoids delays. 1. General fund information Trust deed: Copy of the latest SMSF Trust […]
How accountants can spread the SMSF audit workload across the year
How accountants can spread the SMSF audit workload across the year Self-Managed Superannuation Funds (SMSFs) are a critical component of many accountants’ practices, and the annual audit process can often lead to bottlenecks, especially around tax season. By strategically spreading the SMSF audit workload throughout the year, accountants can alleviate pressure, enhance efficiency, and provide […]
How to improve SMSF audit readiness: A guide for accountants and trustees
How to improve SMSF audit readiness: A guide for accountants and trustees An efficient SMSF audit process begins with being well-prepared. Audit readiness not only ensures compliance with ATO regulations but also reduces stress, avoids delays, and builds trust between accountants, trustees, and auditors. Whether you’re an accountant helping trustees manage their SMSFs or a […]
The benefits of SMSF audit readiness: Why preparation is key
The benefits of SMSF audit readiness: Why preparation is key For Self-Managed Superannuation Funds (SMSFs), audits are a vital part of ensuring compliance with ATO regulations. While audits might seem daunting, being audit-ready offers numerous benefits to trustees, accountants, and auditors alike. Proactive preparation not only simplifies the audit process but also strengthens fund management […]
Navigating ATO compliance for SMSFs with Non-standard or limited documentation
Navigating ATO compliance for SMSFs with Non-standard or limited documentation Self-managed superannuation funds (SMSFs) often attract trustees seeking flexibility and control over their retirement investments. However, when SMSFs include unusual investments or have limited documented evidence, ensuring compliance with Australian Taxation Office (ATO) requirements can become challenging. Accountants play a critical role in guiding trustees […]
The value of a strong relationship with a trusted SMSF auditor: enhancing accountant expertise
The value of a strong relationship with a trusted SMSF auditor: enhancing accountant expertise In the ever-evolving world of self-managed superannuation funds (SMSFs), maintaining compliance and delivering value to clients requires accountants to stay informed and agile. A key ally in this journey is a trusted and available SMSF auditor. Beyond the statutory requirements, a […]
What separates a good SMSF auditor from a great one?
What Separates a Good SMSF Auditor from a Great One? When it comes to managing a Self-Managed Super Fund (SMSF), one of the most critical elements is the audit. Given the regulatory requirements and the significant role that SMSFs play in many people’s financial planning, having a high-quality auditor can make all the difference. But […]
