St Kilda Accounting & Tax Specialists
SMSF ADVISORY SERVICES IN ST KILDA
At St Kilda Accountants we are passionate about helping our clients get the most from their Super ~ what we deliver is confidence in the Super Advisory process.
This purpose combined with our experience means we have the unique ability to provide a painless experience with the whole journey effectively being managed through one partner who is there for every step of the process to ensure our client’s needs are interpreted and implemented.
Who We Are
What we deliver is confidence in the Super Advisory process.
This purpose combined with our experience means we have the unique ability to provide a painless experience with the whole journey effectively being managed through one partner who is there for every step of the process to ensure our client’s needs are interpreted and implemented.
We know from experience the best result is achieved through a high level, high touch experience, involving close collaboration with the client and delivering on the promise.
Achieving quality outcomes for our clients that results in building trust and enhances our reputation is ultimately what drives us and what we do better than anyone else.
Advantages of SMSFs
We provides tax, compliance and audit services to clients and/or other accounting/audit firms, we are a firm that prides ourselves on building trust with our clients and providing high quality work, with consistent communication.
Our services include, but are not limited to:
- Annual Tax Returns
- Annual Financial Statements
- Pension Reviews
- Quarterly SMSF Reviews
- NIL Returns For First Year Finds
- SMSF Wind-Up’s
- Pension Commencement/Commutation Documents
- Lump-Sum Documentation
- Death Benefit Nominations
- Establishment of SMSF’s and Trustee companies
- Change Of Trustee Documents
- Investment Strategies
- Quarterly Business Activity Statements
- GST Reconciliations
- Independent, ASIC and SMSF Association recognised auditors
Accounting
When we became a Xero Partner firm a few years ago, we saw the potential value for our clients that we could not expect before. Most of all, the real time advice is now possible as Xero is more like collaboration platform between clients and their advisers including us.
Real-time advice means clients can get a professional advice based on the financial information Xero supplies whenever they need. Real-time advice also means the accountant can discover broader service areas that could be useful for the clients and give a right advice on time.
Bookkeeping
We have a team of Australian Accountants with over 20 years of experience dedicated to making your life easier. Our team remain in constant communication with you throughout this process.
Our goal is to show their clients that keeping on top of their financial affairs is far more accessible and enjoyable than they imagined possible. Our friendly team help our clients thoroughly understand their unique tax situation. We work flexibly with our clients to create the optimal system and approach for each circumstance.
Taxation
We are bookkeeping professionals who have been assisting customers achieve flawless accounts for many years. As specialist St Kilda bookkeepers; we are dedicated to helping small and large business resolve their accounts issues through our years of experience. Our local St Kilda bookkeepers are experts in XERO, MYOB, Reckon and QuickBooks as well as all other popular bookkeeping software.
We pride ourselves on being the bookkeeping solution providers and have become well respected and highly trusted bookkeepers in St Kilda and the surrounding suburbs. With a strong emphasis on establishing long-lasting relationships with our clients whilst also providing tailored and cost-effective solutions.
Why Are We Different
- We make complex simple
- We have a specialised and attentive approach to your super
- We see each client as individuals and won’t give you a “standard” solution
- We work with you to help you get the most from your super
- We are consistent! You will have the same team working with you throughout the whole relationship
- We will go above and beyond to deliver added value to your super
Building superannuation is no longer a sprint, but a marathon.
If you want to retire on your own terms, we can help you with the right financial superannuation advice.
Because superannuation is still the most tax effective long term way to fund retirement, and nothing can beat the security of mind that self-managed super funds provide. Get in touch with St Kilda Accountants today to see why we’re one of Melbourne's first solutions for SMSF advice.
Economic times are tough and it is more important now than ever before to maximize your tax refund. St Kilda Tax Accountants will help you prepare the perfect return so that we can all work together in this unpredictable economy!
We are a full-service company that caters to the needs of small business owners. With us, you can rest assured knowing we have your back when it comes time for taxes and accountancy services! We offer all types or industries professional advice such as bookkeeping or financial management so contact one our experts today at St Kilda Accountants
Professional Services
The team at St Kilda Tax Accountants has a deep understanding of professional services industries, and the specific needs that come with them. They provide accounting advisory to their large clientele in order for them be able best serve these businesses.
The retail industry is a challenging place to be in today's climate. We help retailers understand their problems so that we can provide them with assistance from our team who specializes specifically at helping your business succeed no matter what obstacles come up next.
How we help you
Just like retirement and aged care planning, we deal with super every day – here at St Kilda Accountants, we’re proud to be the first choice for SMSF advice in Melbourne.
Years of experience
You won’t get caught out by the new laws and the changing parameters around your superannuation because St Kilda Accountants has over 27 years of experience specialising in self managed super funds.
It means we understand the intricacies, despite superannuation laws undergoing the biggest changes in the last 10 years.
Not only that, but our forward thinking SMSF advice can help you increase your super so your money is always working hard for you and in ways you didn’t know it could.
We understand your concerns
We know you think about:
- caps on contributions
- if you’ve left it too late to start
- whether you’ll have enough to retire
- how to manage your own fund.
Above all we know you want a secure financial future. And not only do we understand your concerns about how to maximise your super to comfortably retire, we have the answers.
With some careful planning, you can secure your financial future and start enjoying today.
Active portfolio management
We review your super and provide progress reports and recommendations with our self managed super funds, so you have the knowledge and insight to capitalise on opportunities for growth.
It also means tailoring your super strategy through different life transitions, from young children, to school children, illness, promotions or even unexpected expenses.
Your money is never dormant, but always working now and toward your future. Creating the life you want for you and your loved ones, whether in Canberra or far, far away: put your trust in St Kilda Accountants for the best possible SMSF advice.
Diversifying your portfolio
Don’t want to put all your eggs in one basket?
At St Kilda Accountants, you’ll come away with a financial plan that not only considers your superannuation, but how to manage and increase your super assets and investments, so all your finances are secure and invested in tax advantaged ways.
We’re aware of the market at micro and macro levels and manage your superannuation to maximise your long term returns, which is why a diverse portfolio and active management is so important.
And you’ll know that not all your eggs are in one basket.
Business Advisory
Starting, building and maintaining a successful business in today’s uncertain and rapidly changing environment requires knowledge, perseverance and the right team behind you.
Our highly skilled and results-led team can assist you to access funding, make informed strategic decisions, develop comprehensive and rolling plans at each stage of your business’ lifecycle, and identify business opportunities.
By working with you to understand your business and industry, we provide specialist knowledge and objective advice to help your business meet its full potential.
Thinking about exploring an SMSF but not sure where to start? Don't worry, our team is here for you. SMSF Solutions is a specialist division of St Kilda Accountants providing administration, compliance, accounting and taxation services for Self-Managed Superannuation Funds (SMSF).
We know exactly how it all works and we can help you create the best set up. Our services include things such as assisting in understanding the implications of having a SMS and establishing a SMSF & obtaining tax benefits among others.
Financial Advisory
Our business model is to keep our practice small and manageable, with a focus on quality clients who have life aspirations that they wish to fulfil through money, advice and planning.
Our personalised financial advice and individual wealth management, ensures that you don’t get lost amongst a bigger practice, or institution, where you can become just a number, changing financial advisors regularly with no personalised care.
Our financial advisers have worked in the practice for many years and are committed to providing advice that is just not numbers, but personalised for you to achieve your life aspirations.
Starting a business is not easy, and it's even more challenging when you're doing so on your own. That’s why St Kilda Tax Accountants offers complete tax solutions for individuals or businesses in need of guidance with their financial planning needs as well!
Our team is dedicated to servicing the needs of all types, including medical professionals. We offer friendly and industry-leading advice relating tax law compliance so you can get back on your feet with a smile!
We have a team of experts with extensive experience in servicing the manufacturing industry. We provide accounting, information technology and audit services as well regular periodic management reporting to supplement our detailed financial analysis that lies at heart astute commercial decision making processes for your company's success!
St Kilda Tax Accountants is a team of professionals who are passionate about helping small businesses succeed. Whether you own and operate one bar or an entire restaurant chain, our accountants will provide the support your business needs to be successful!
Financial services for medium-sized trade businesses? That's our thing. We specialize in ensuring your financial growth and freeing up time so that you can enjoy life, too!
We understand how important it is to have a reliable accountant for your business. That's why our team of experts has been providing professional services in the fields of finance, taxation and accounting since 1985! We offer tailored solutions designed just for you - no matter what type or size farm operation that might be on yours . Contact us today so we can get started working together soon
Our experience and relationship with franchise groups give us real-time insight into franchise systems and their performance. We provide franchises with business, taxation and accounting services. We can also act as consultants to the head franchisors in setting up cloud accounting & business and structures.
St Kilda Tax Accountants is the go-to team for estate planning and property tax services. Our specialist accountants can help you with everything from ownership issues to controlling your assets, so call us today!
Self Managed Super Fund Melbourne
The decision to choose a retail superannuation fund or a Self Managed Super Fund (SMSF) to build and protect your retirement savings is an important factor of every long term financial plan.
Essentially an SMSF provides greater flexibility and control, with Trustees having access to more investment options than any other super fund. With additional benefits spanning tax strategies, cost, transparency, and consolidation and purchase of super assets, a Self Managed Super Fund can be a great vehicle to boost your retirement income for those who wish to be involved with how their super is managed.
Superannuation and SMSF IN Melbourne
Superannuation is your way of ensuring you live a comfortable after-work life. At St Kilda Accountants financial planners are experienced in delivering cost-effective and highly diversified superannuation investments. We also provide advice on maintaining successful self-managed super funds (SMSF).
Accumulation Phase
In its accumulation phase, superannuation provides a tax-effective environment, helping accumulate capital for use during retirement.
Pension Phase
Once you have retired from the workforce and met the preservation age requirements, your accumulated superannuation assets can be converted into a pension, which provides you with a monthly income to enjoy during retirement.
Annuities
An annuity is a fixed-term investment providing you with a guaranteed regular income for a selected term, in exchange for an initial lump sum investment amount. You can purchase the investment with either superannuation money or with private investment monies.
Annuities are generally undertaken by more conservative retirees and investors, seeking a regular income stream.
Self-Managed Super Funds (SMSFs)
Generally a superannuation fund is a self-managed super fund if:
- it has four or fewer members
- no member of the fund is an employee of another member of the fund, unless they are related
- each member is a trustee, and
- no trustee of the fund receives any remuneration for their services as a trustee.
Or
A self-managed superannuation fund can have a company as a trustee, known as a corporate trustee, if:
- the fund has four or fewer members
- each member of the fund is a director of the company
- no member is an employee of another member, unless they are related
- the corporate trustee does not receive any remuneration for its services as a trustee, and
- no director of the corporate trustee receives any remuneration for their services as a director in relation to the fund.
Employees can’t be in the same SMSF as an employer member, unless they are related.
While St Kilda Accountants is able to assist you with your existing SMSF and investment strategy, if you’re thinking of becoming a trustee of a self-managed superannuation fund, we recommend the decision not be taken lightly.
As a trustee, you’re responsible for ensuring your fund complies with the Superannuation Industry (Supervision) Act 1993 (SIS Act) and other relevant legislative and administrative requirements.
If your SMSF is found to be non-compliant there are serious taxation consequences.
Your responsibilities as a trustee include:
- lodging an annual income tax return and superannuation fund annual return
- lodging superannuation member contribution statements
- appointing an approved auditor to complete the annual SMSF audit
- maintaining records for up to 10 years
- complying with investment requirements, and
- ensuring the trust deed is maintained and kept up to date with legislative changes.
Some of the key restrictions under the SIS Act include:
- meeting the sole purpose test
- not accessing your money without meeting a specific condition of release, and
- not providing loans or financial assistance to members or relatives.
Qualifying as an SMSF
Be a superannuation fund; Have fewer than five members; and. Have each member as either an individual trustee of the fund or the director of a corporate trustee (and vice versa). Somewhat surprisingly, only about 30 per cent of SMSFs have corporate trustees.
- Costs associated with SMSFs. Subject to a case specific analysis, an SMSF may be more expensive than retail funds if the fund holds minimal assets. ...
- Legal and compliance obligations. ...
- Expertise and performance.