Keeping your self-managed super fund compliant
As self-managed superannuation funds (SMSF) are becoming increasingly popular, there has been an increase on the rules, regulations and penalties surrounding them. As the fund’s trustee, it’s your responsibility to make sure the fund is correctly and professionally audited, which is why our accountants and auditors in Perth at Dry Kirkness are here to provide you with professional advice regarding how to keep your self-managed super fund compliant.
The Australian Taxation Office has recently increased the penalties for non-compliance, and now has the power to freeze your assets or even remove you as the fund’s trustee. This means it’s more important than ever to comply with superannuation law.
A self-managed superannuation fund audit is a complex procedure, and only ASIC-registered auditors are authorised to perform them. As the experts in tax and compliance for self-managed super funds in Perth, our team comprises of two registered auditors who are able to provide these specialised services. Our registered auditors are also available to outsource this service to other accountants who may not be suitably qualified in these areas.
Dry Kirkness is an independent accounting firm and not an investment adviser.
Contact us today to find out how we can help your self-managed superannuation fund.