How much are people in Perth paying to have their audit & accounts done each year for their SMSF?
Who are you using?
Who are you using?
SMSF Auditors
- Thread starter Property WA
- Start date
Depends on how big the fund is, how many transactions, how well you keep your books, and which accountant does your work!
SMSF audit is treated pretty much as a rubber stamp at a lot of places, to the point of even having undergraduates with no experience do the full audit.
Your accounts shouldnt be that much if you dont day trade in your super fund!
If you keep your books clean, provide full bank statements with every transaction narrated, and div statements, annual tax statements & buy/sell contracts all together nicely it shouldnt take more than a couple of hours for them to knock up your accounts, and maybe another couple if they do the audit in-house
SMSF audit is treated pretty much as a rubber stamp at a lot of places, to the point of even having undergraduates with no experience do the full audit.
Your accounts shouldnt be that much if you dont day trade in your super fund!
If you keep your books clean, provide full bank statements with every transaction narrated, and div statements, annual tax statements & buy/sell contracts all together nicely it shouldnt take more than a couple of hours for them to knock up your accounts, and maybe another couple if they do the audit in-house
Accounts preparation fees depend greatly on the skill of your record keeping (and not surprisingly, the number of transactions/investments held).
If you dont want to do any of the accounts work yourself, do yourself (and your accountant) a massive favour and lever arch file it as it comes in. Chronological information (buys/sells/dividends/other revenue/expenses) makes life a lot easier for the accountant (and auditor) to get the job done. seperate out the bank statements in another tab, investment property documents in another tab, and its a very straight forward task.
Costs will add up when things records are messy & incomplete. Plain and simply, it takes longer to do the work.
If you dont want to do any of the accounts work yourself, do yourself (and your accountant) a massive favour and lever arch file it as it comes in. Chronological information (buys/sells/dividends/other revenue/expenses) makes life a lot easier for the accountant (and auditor) to get the job done. seperate out the bank statements in another tab, investment property documents in another tab, and its a very straight forward task.
Costs will add up when things records are messy & incomplete. Plain and simply, it takes longer to do the work.
