An SMSF fund has various steps and compliance guidelines to be adhered to, from the setup stage to its administration and annual compliance there are various mandatory procedures to be followed. These tasks can be tedious and time consuming.
At OneStopSMSF our staff are committed in providing you with assistance that you need in setting up the fund, Administering the day to day needs of your fund(accounting), Annual compliance (preparation of yearly documents) and Auditing of your fund.

Administration/Accounting of Funds

Once you entrust your fund with the professionals at OneStopSMSF, we keep track of your investments real time and keep up-to-date accounting records of each and every investment of your fund.

Our service of Administration of your fund includes also include the below functions of complicated annual compliance which are made mandatory under govt. regulations.

  • Preparation of detailed statement of Financial Position.
  • Profit and loss statement/ operating statement.
  • Member Statements
  • Investment reports
  • Trustee Resolutions and minutes.

Which means all the needs of maintaining an SMSF will be taken care by us.

GET your 1st year administration and annual compliance done for zero fees by signing up with us today

Auditing your Funds

At OneStopSMSF we have in house auditors who takes care of the auditing needs of your funds.

Auditing your fund is a one-time function in a year but can be a tedious task to be completed if not done systematically. At OneStopSMSF we follow a method of systematic collection of documents, developed over the years to ensure a smooth auditing of your fund. The function of auditing includes the following: -

  • Cross Checking of the annual financial reports of your funds. Preparing new ones if necessary.
  • Through the year cross check of record keeping of the fund.
  • Ensuring the fund compliance to the SIS act.
  • Issuance of Independent auditor report.

Reporting and correction of irregularities where applicable with the ATO.

Preparation and Lodgement of Tax Returns

OneStopSMSF takes total responsibility of the preparation and lodgement of your tax returns once the client leaves the fund with OneStopSMSF. Our team at OneStopSMSF performs the year end function of preparing and lodging the application for your tax returns with the Australian Tax Office (ATO). The following functions are performed with utmost transparency at OneStopSMSF: -
  • Tax advice throughout the life of the fund.
  • Tracking your transactions by a detailed look into your bank statements.
  • Preparation of the Balance sheet, Profit and loss account and member statements of the fund.
  • Preparation of the report of investment.
  • Liaison with premium auditors for the documentation of your funds
  • Liaison with the ATO and lodging of your returns.
  • Take necessary steps for solving the issues outlined during the audit and advices to prevent recurrence.