By: ecchi.gaijin
17/09/2009
10:53 am Yahoo! Profile:
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"Some SMSF products do the preparations but their accountants insist that they check it, thats why getting it completed and lodged has the advantage"
What you save on self preparation can often cost you more in audit fees. |
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By: ecchi.gaijin
17/09/2009
10:50 am Yahoo! Profile:
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| Lasty, let me know what you are after as I know a guy in Sydney who might be able to beat $2200 a year. |
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By: wandgporter
1/09/2009
10:40 pm Yahoo! Profile:
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Lasty,
I guess you have checked out supereasy? |
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By: lasty49
31/08/2009
3:15 pm Yahoo! Profile:
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Not yet wandgporter.
My thoughts are that if they have an administrator and an accountant onboard as part of the package they would be fully compliant as opposed to others who rely on different services.
If I hear anything will let you know. |
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By: wandgporter
31/08/2009
1:26 pm Yahoo! Profile:
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| Thanks for the info Lasty. Have you had any feedback from anyone who has been using that service for while? |
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By: lasty49
31/08/2009
11:31 am Yahoo! Profile:
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| thats included in the $2200 |
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By: ddrcn@y7mail.com
31/08/2009
11:25 am Yahoo! Profile:
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| sorry ...Annual audit fee has to go in there somewhere. |
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By: ddrcn@y7mail.com
31/08/2009
11:24 am Yahoo! Profile:
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| Annual Audit has to go in there somewhere |
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By: lasty49
31/08/2009
11:09 am Yahoo! Profile:
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| You can trade this online or via full service.Its not only through a fin planner |
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By: lasty49
31/08/2009
11:06 am Yahoo! Profile:
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The tax return completed and the online platform.
You get daily valuations rather than annual.
BAS returns (if any)completed and lodged.
I have seen the esuperfund product which was a good concept in its day but people require alot more as the ATO are coming down heavily on non compliant funds and taxing them at the higher rate if they arent compliant.
Full administration with daily valuations is a must these days. |
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By: wandgporter
31/08/2009
10:50 am Yahoo! Profile:
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| What do see you would be getting for the extra $1600pa? (other than access to a full advisory service for extra fees) |
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By: lasty49
31/08/2009
10:34 am Yahoo! Profile:
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Yup
http://www.kineticfinplan.com/smsf.html |
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By: wandgporter
31/08/2009
10:02 am Yahoo! Profile:
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| Have you found better value-for-money products than this? |
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By: lasty49
31/08/2009
9:38 am Yahoo! Profile:
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Yes this product does all this plus include deeds updates and online daily valuations which you can view as well as tax return lodged.
Some SMSF products do the preparations but their accountants insist that they check it, thats why getting it completed and lodged has the advantage.
cheers |
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By: wandgporter
30/08/2009
1:08 pm Yahoo! Profile:
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Lasty...cont'd:
Annual ATO levy of $150 is only extra I could find.
Regards, w&g. |
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By: wandgporter
30/08/2009
12:51 pm Yahoo! Profile:
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Lasty...cont'd:
Establishment icludes:
> The SMSF Trust Deed
> Documentation to appoint Trustees
> Lodgement of an Election for your SMSF to become a regulated fund
> ATO Application to obtain a Tax File Number for your SMSF
> ATO Application to obtain an Australian Business Number for your SMSF
> Sample Investment Strategy that you can adopt for your SMSF or modify if required
> Resolutions and minutes to acknowledge the establishment of your SMSF
Need to set up ANZ V2 account and CommSec trading account.
Annual:
- Preparation of an annual Balance Sheet
- Preparation of an annual Profit & Loss Statement
- Preparation of annual Member Statements
- Preparation of annual Trustee Resolutions & Minutes
- Preparation of an annual Income Tax Return
- Preparation of an annual Audit
Not sure if there are any extra ATO fees. |
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By: wandgporter
30/08/2009
12:07 am Yahoo! Profile:
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Lasty,
I've been looking to set up a SMSF myself and came across ESUPERFUND which appears to have low fees ($599 compance) and if applied for before 31st Aug the setup and 2010 compliance is free.
Sound too good to be true? Check it out and and let me know what you think. Heaps of info at site.
http://www.esuperfund.com.au/default.php?doc_id=13 &Fees |
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By: lasty49
20/05/2009
10:27 am Yahoo! Profile:
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Just seeing whats out there.
Can anyone beat setup,platform,audit and tax return for $2200.00 pa? |
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