We Go Beyond Traditional Accounting

A Self-Managed Super Fund (SMSF) is a unique type of superannuation fund where members serve as both managers and trustees. Unlike conventional superannuation funds overseen by professionals, SMSFs provide you (the member) with greater control of your superannuation investments.

SMSFs can be a viable choice for individuals who are not only ready to oversee their own superannuation investments, but who also possess the necessary time, expertise, and financial means to do so efficiently. Before setting up or joining a SMSF, it is crucial for prospective members to seek professional guidance to guarantee that it matches their financial goals and situation.

Why choose a SMSF?

SMSFs offer enhanced flexibility for tax planning and retirement tactics, empowering you to shape your own future. They can also present advantages in estate planning and asset safeguarding, as well as the ability to invest in real-property.

Challenges of a SMSF

Handling your own super fund may sound favourable, however it’s vital that you understand the responsibilities ahead of you before moving too far forward. While SMSFs offer numerous benefits, they also present several challenges that trustees and members need to be aware of and address effectively. Some of these challenges, to name a few, include staying on the right side of strict regulatory compliance and reporting obligations, along with the administrative burden of managing SMSFs.

Given the complexities and challenges that come with SMSFs, we recommend that you seek some guidance to help you navigate the SMSF environment. Partnering with a proficient accountant who specialises in SMSF services can provide clarity and help you grasp your commitments.

Professional SMSF Advice

The establishment of an SMSF is considered a financial product, as such, to gain advice around whether an SMSF meets your requirements the advisor is required to hold an Australian Financial Services Licence (AFSL).  Lemonade Beach is not an AFSL holder and therefore will not provide advice as to whether an SMSF is a suitable structure for you, nor will we assist with the establishment documentation for and SMSF.  Our services are for pre-established SMSFs only.

At Lemonade Beach, we specialise in SMSF accounting services tailored to your needs. With our expertise and personalised approach, we empower you to meet regulatory reporting requirements.

Our SMSF Services include:

• SMSF Administration: Our team manages all aspects of SMSF administration, from financial statements to tax returns.
• Compliance and Audit: We ensure regulatory compliance by providing required documentation to our external, independent auditors.