KNS ACCOUTANT

SMSF Accountants Sydney

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In Australia, those who have self-managed superannuation funds (SMSF) are responsible for their compliance with the relevant tax and auditing financial reporting laws. 

Doing your own SMSF administration is possible, but it takes a lengthy amount of research, effort, and time. This system can often be quite complicated, so it can be beneficial to have an SMSF accountant help you to navigate through these complexities.

An accountant that’s an SMSF specialist is equipped to take care of it on your behalf. Thanks to their expertise and experience, a professional can help you optimise the overall value of your fund.

What Do Self-Managed Super Funds Accountants Do?

Our SMSF accountants in Sydney will manage the history of your super fund. This process entails looking at what has been done in the previous financial year and using those insights to lodge tax returns and keep records in the future.

A Sydney SMSF accountant can also provide professional guidance on maintaining complex compliance, tax matters, and even your business structure. Our team at KNS adopts a personalised approach to all self-managed superannuation funds. Part of our Sydney SMSF service is the way our experts consider your financial circumstances in order to suggest the best tax strategies for your needs. In turn, this helps help you reach your future financial goals.

Here are the benefits you can expect when you employ the services of SMSF accountants:

  • We enter and prepare the trial balance, member statements, and annual financial statements of your self-managed super fund.
  • We prepare and lodge your SMSF tax return annually.
  • We liaise with the Australian Taxation Office (ATO) as tax agents.
  • We receive your annual audit report for you from your super fund auditor.
  • We arrange the trial balance and the GST return every quarter to lodge with the ATO, for example, if you own a commercial property.
  • We do the calculations needed for segregation, part or full pension modes for member balances and the exempt pension deduction.
  • We prepare and maintain your capital gains tax register, provide reports on your investments, and organise the minutes for your super fund.
  • We collect the minutes and forms necessary to start, roll over, or retain your pension.
  • We liaise with an Approved Actuary for you.

Why You Should Hire an SMSF Accountant, Sydney

Hiring an approved Sydney SMSF auditor can help you to avoid legal repercussions if any mistakes are made. If you slip up and lodge your tax return for your fund incorrectly, even if it’s just a simple error, this can result in legal consequences such as penalties and fines.

Sydney superannuation laws can be intricate. Without coming from a finance or accounting background, the extensive rules and regulations, exceptions to the rules, and tax laws can be a lot to juggle. As an individual, you certainly can succeed by taking the time and learning the ins and outs by yourself, but consider the following factors:

  1. It is strongly advised to have no mistakes on your reports, as they can flag the ATO and lead to an audit, or a hefty fine.
  2. Keep in mind that your retirement savings are at stake at the end of the day, so if you make mistakes, they can cost you significantly in the long haul.

We are an accounting firm that specialises in SMSF administration. Our team is equipped with all the qualifications and skills to oversee the legalities. We are certified tax agents and have ample experience administering clients throughout this field.

Navigate SMSF Setup With Ease

If you have industry or retail funds, you can benefit from having it all maintained for you. All you need to do is go online and enter your details, then wait a few days and it will be set up.

Setting up your own fund, in contrast, has more admin involved. It’s crucial that it’s set up correctly so that it will qualify for tax concessions and to receive contributions. It must also be straightforward to administer.

One of our SMSF accounting experts in Sydney can assist in this regard. We can advise you on issues surrounding: 

  • Registration
  • Professional standards, legislation and obligations
  • Opening a new bank account for your fund
  • Appointing trustees
  • Choosing a trustee structure
  • Creating the trust and deed
  • Applying for an ABN

You can be a trustee yourself, or you can choose to have a corporate trustee for the fund. Whichever you choose, the fund remains your responsibility. Although it can be appealing to control your own super, there is a significant amount of work involved – including risks. If you want to set up an SMSF, make sure that you are 100% committed and understand what’s involved, including managing SMSF assets.

At KNS Accounting, we care about each client, their personal situation, and their goals for their financial future. We offer guidance and solutions and ensure that you understand everything and know that we’re working in your best interest.

Let’s Get Started on Your Self-Managed Super Fund (SMSF)

Our Sydney professionals specialise in tax-effective SMSF accounting. Our wealth of experience means we can provide strategic advice to assist you in achieving the best possible outcome. Our Sydney SMSF experts aim to increase your wealth creation and decrease your losses, expenses, and how much tax you’re paying. 

Plus, all of our highly trained professionals have specialist knowledge ready to be used, and can provide guidance on your investment strategy. We can also make changes that can optimise your strategy for the best possible results.

Our specialist team provides expert information drawn from facts that are based on the most recent legal developments in the super industry. We are committed to keeping you up to date so that you can respond quickly if there are changes in the regulatory environment.

KNS Accountants in Sydney are full-service business advisors with a passion for providing solutions regarding self-managed super funds. Whether you’re a novice wanting to set up your account from scratch or you’re a seasoned investor needing mentorship, an SMSF accountant in Sydney will provide quality service and add exceptional value.

If you need help with the entire setup, tax returns, or with managing your fund, contact our Sydney SMSF accountants today, and we’ll set up a consultation.

Accounting Made Simple.

Speak To Our Accountants, Business Advisors And Tax Agents Today!

KNS Accountants and Business Advisors is a full-service accounting firm that has been serving the Greater Sydney Area for over seven years.

We have three convenient locations in Penrith, Parramatta, and Blacktown, and our team of experienced professionals offers a broad range of services, including auditing, tax filing, financial planning, self-managed super fund tax advice and retirement planning. 

Our certified practising accountant team pride themselves on providing personalised service and customised solutions to meet the unique needs of our clients.

Whether you are a small business owner, property investment executive, or sole trader, we have the knowledge and experience to help you achieve your financial goals.

Phone

(02) 9625 2388

Email

info@knsaccountants.com.au

LUDDENHAM OFFICE

70 Campbell St Luddenham NSW 2745

Arndell Park Office

Suite 102, 69 Holbeche Rd Arndell Park NSW 2148

ALBURY OFFICE

Level 1, 6/571 Dean Street Albury NSW 2640

Lets Have A Chat

We focus on relationships with our clients, being available to answer any business, accounting, or tax questions you have.
kns-riya-photo

Riya Roshan UNDERGRADUATE

Riya is the newest addition to the KNS team and looks after bookkeeping and administration for us. She is currently completing her Bachelor of Professional Accounting degree from Macquarie University, and is aiming to pursue her career as a forensic accountant when she graduates.

She is also a certified Xero and Quickbooks advisor.

When Riya isn't studying or at work, you can find her binging on Netflix!

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Simrani Prasad UNDERGRADUATE

Simrani joined the KNS family in July 2020. She’s currently studying at Macquarie University and has aspirations to be a property tax specialist in the future!

With a passion for investing in property, shares and crypto, Simrani keeps up-to-date with the latest market trends. Simrani takes care of all bookkeeping, individual tax returns and is a certified Xero and Quickbooks advisor.

In her spare time, she loves organising events for the team like monthly drinks and weekends away

Abigail Adriano Accountant

Abigail is a dedicated Accountant with a flair for baking and a deep love for her family. As a mother of one, she understands the importance of balancing work and personal life. In her professional role, Abigail goes above and beyond to assist her clients with efficiency and a personal touch, making sure to always exceed expectations.

With a true passion for accounting, Abigail excels in her field, particularly in areas such as payroll, superannuation obligations, and tax returns for individuals and businesses of all sizes. Clients trust Abigail not only for her expertise but also for her warm and approachable nature, making them feel at ease when discussing their financial matters with her.

When she's not crunching numbers, Abigail enjoys spending quality time with her loved ones, baking delicious treats, and creating joyful memories with her family. Her dedication to both her professional and personal life is a testament to her strong work ethic and caring nature.

Raj Singh Accountant & Virtual Chief Financial Officer

As a seasoned professional providing top-tier accounting services and acting as a Chief Financial Officer for A-listed clients, Raj brings a unique blend of financial expertise and strategic leadership. With a relentless dedication to ensuring clients' financial success, He takes pride in keeping the financial affairs in pristine order while driving growth and profitability.

Beyond the boardroom, Raj's passion extends to the soccer and rugby fields, where he finds joy in the competitive spirit and teamwork these sports offer. Whether strategising business plans or game-winning plays, his love for both fields shine through his commitment to excellence.

In the kitchen, Raj finds solace in cooking up delicious meals for his loved ones, embodying caring nature through the act of nourishing and bringing people together. This same caring nature extends to his professional life, where he strives to keep the team cohesive and motivated, believing that a united team is the key to achieving remarkable results.

When Raj is not assisting clients or leading the team to success, you can find his cherishing quality time with his family. Balancing work and personal life are essential to him, and he find that reconnecting with his loved ones fuels to drive and passion for what he does.

Krishan Sharma Accountant & SMSF Auditor

Krishan Sharma is a dedicated SMSF Auditor, renowned for his expertise and professionalism in the field.

As the proud recipient of the prestigious Institute of Public Accountants 2022 Member of the year award (New South Wales), Krishan as consistently demonstrated his commitment to excellence in accounting and SMSF auditing.

A registered tax agent and a registered practitioner with Chartered Accountants Australia and New Zealand, Krishan possesses a wealth of knowledge and experience that sets him apart in the industry. His meticulous attention to detail and deep understanding of financial regulations have earned him the respect of his peers and clients alike.

Beyond his professional achievements, Krishan in his personal life finds fulfillment in giving back to his community through volunteering with religious groups. He cherishes quality time spent with his family and children, finding joy in creating lasting memories together.

Krishan Sharma is not just a skilled accountant and SMSF auditor, but also a compassionate individual who strives to make a positive impact both professionally and personally.