SMSF Setup & Annual Returns
A self-managed super fund gives you control over how your retirement savings are invested, but that control comes with responsibility. As trustee, you're accountable for keeping the fund compliant every year, and the rules are strict.
At MB Accounting & Tax, we help trustees set up their SMSF correctly from day one, then look after the accounting, tax and compliance each year, so you can focus on your investment decisions with confidence. We work with SMSF trustees across Norwest, the Hills District and Australia-wide.
All tax returns are prepared under the supervision of the Accounting Academy, a registered tax agent (TAN 26233096).
SMSF Establishment
Getting the setup right avoids costly problems later. We help you establish your SMSF correctly from the start, taking care of:
• Corporate trustee company registration through ASIC (as an ASIC registered agent)
• SMSF trust deed and trustee documents
• ABN and TFN registration and ATO election to become a regulated fund
• Guidance on opening the fund's bank account and electronic service address (ESA)
• Coordinating rollovers from your existing super funds
• Trustee declarations and record-keeping setup
Corporate or individual trustees: We can establish your fund with either a corporate trustee or individual trustees, depending on the structure you choose, and take care of all the registration and paperwork for both.
SMSF Annual Accounting & Returns
Every SMSF must prepare financial statements, be independently audited and lodge an annual return with the ATO each year. We handle:
• Annual financial statements and member statements
• SMSF annual return preparation and lodgement
• Coordinating the independent audit with an approved SMSF auditor
• Tracking contributions against the concessional and non-concessional caps
• Pension calculations, minimum drawdowns and actuarial certificates where required
• Transfer Balance Account Reporting (TBAR) for retirement phase pensions
• Investment income, including Australian and overseas shares, franking credits and foreign withholding tax
• Property held within the fund, including rental income and expenses
We use BGL Simple Fund 360, a leading SMSF administration platform, to keep your fund's records accurate and audit ready.
SMSF FAQs
Why choose MB Accounting & Tax for my SMSF?
Because you'll get one-on-one support from someone who knows your fund. We don't just prepare the accounts at year end. We go through your fund's transactions with you, flag anything that needs attention, such as contribution caps or pension minimums, and make sure everything is ready for audit. You'll always know where your fund stands and what's coming up.
Do you audit SMSFs?
No. Every SMSF must be audited each year by an independent, ATO-approved SMSF auditor. We prepare your fund's accounts and coordinate the audit with an independent auditor on your behalf, so the process is seamless.
What records do I need to keep for my SMSF?
Bank statements, investment statements, contribution records, invoices for fund expenses, and minutes of trustee decisions. We'll send you a checklist each year and let you know if anything is missing.
Do you only work with SMSFs in Norwest?
No. We're based in Norwest and meet trustees across the Hills District in person, and work with SMSFs Australia-wide online.
Get Your SMSF Set Up Right
Whether you're establishing a new fund or looking for a more personal approach to your existing SMSF, we'll keep your fund compliant, audit-ready and lodged on time. Book a free chat to discuss your fund.
