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🌟 What is an SMSF Annual Audit? 🌟 If you have an SMSF (Self-Managed Super Fund), an annual audit is not just a requirement—it's an essential health check for your fund. ✅ 💡 The audit ensures your SMSF is compliant with superannuation laws and regulations, protecting your retirement savings while giving you peace of mind. Here's how it works: 🔍 Financial Audit - Reviews your fund’s financial records. ⚖️ Compliance Audit - Verifies your SMSF meets all legislative requirements. Engaging a qualified SMSF auditor can make all the difference, ensuring everything is accurate and stress-free. 👉 Have questions about SMSF audits or need expert advice? We're here to help! Contact #HolzworthPartners today, and let us make compliance simple. #SMSF #AnnualAudit #Superannuation #FinancialCompliance #HolzworthPartners

When I talk about SMSFs, what comes to mind? 🤔 Greater control over your retirement savings? The ability to invest in a wider range of assets? Or maybe the power to buy property using your super? Well, here's something interesting: I've seen a 25% increase in enquiries about SMSFs at my accounting firm! 📈 WHY? Because with an SMSF, you can: ✅ Make your own investment decisions ✅ Borrow money to purchase property ✅ Potentially get better returns year on year But remember, with great power comes great responsibility. Managing an SMSF isn't all smooth sailing. There are: ⚠️ Compliance requirements ⚠️ Record-keeping duties ⚠️ Potential penalties for mistakes Want to know if an SMSF is right for you? Watch the full video: https://lnkd.in/gS6egWPe #smsf #propertyinvestment #superannuation #financialplanning #retirementplanning #wealthcreation

𝐖𝐢𝐭𝐡𝐝𝐫𝐚𝐰𝐚𝐥 𝐋𝐢𝐚𝐛𝐢𝐥𝐢𝐭𝐲: 𝐖𝐡𝐚𝐭 𝐞𝐯𝐞𝐫𝐲 𝐌𝐂𝐀𝐒𝐅 𝐂𝐨𝐧𝐭𝐫𝐚𝐜𝐭𝐨𝐫 𝐌𝐞𝐦𝐛𝐞𝐫 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐎𝐰𝐧𝐞𝐫 𝐍𝐞𝐞𝐝𝐬 𝐭𝐨 𝐊𝐧𝐨𝐰 January 30, 9:30 - 1:00, Miami Lakes Hotel, Lunch provided Did you know: Your company’s financial future is directly tied to the funding status of the MCASF Local 725 Pension Plan. We invite you to attend this educational session, where we’ll delve into the critical topic of the pension plan’s funding status and what it means for your business, including: • Funding Status Overview: Gain insights into the current financial standing of the pension plan, including an explanation of unfunded liabilities and how they may impact future contributions. • Implications of Withdrawal Liability: Understand the potential costs and obligations associated with withdrawing from the plan, and what this could mean for your company’s long-term financial strategy. • Ownership Changes: Learn about important factors to consider when contemplating a change in ownership, including how these decisions could affect your company's withdrawal liability and overall relationship with the pension plan. This educational session is essential for all contractor members, especially those involved in strategic financial planning and company leadership. Even if you have no foreseeable plans to sell your business or alter its ownership structure, we strongly encourage every MCASF Contractor Member to attend. Registration open to MCASF Contractor Members https://bit.ly/4j9LgeF #mcasfla #MCASF #lu725

A Registered Retirement Savings Plan (RRSP) can do more than help you save on tax. Learn how.

Attention SMSF Trustees! Ensure your Self-Managed Super Fund's compliance by lodging your annual return (SAR) on time. Lodgment due dates vary: Newly registered SMSFs and those with overdue SARs: Lodgment was due by 31 October 2024. Self-preparing SMSFs: Lodge by 28 February 2025. If using a tax agent: They will inform you of your specific due date, typically 15 May or 6 June 2025. Before lodging, appoint an approved SMSF auditor at least 45 days prior and finalize the audit to include correct auditor details in your SAR. Late lodgment can lead to penalties and affect your fund's compliance status. For detailed information, visit the ATO's guide on SMSF annual return due dates. Stay compliant and safeguard your retirement savings! #SMSFCompliance #Superannuation #FinancialPlanning #RetirementGoals #TaxTime #WealthManagement #AustralianFinance #TaxCompliance #AccountingTips #FinancialFreedom #SmallBusinessAustralia #FinanceMatters #ComplianceMatters #TaxDeadlines #SMSFExperts #charteredaccountants #taxagents #financialplanner

𝐖𝐢𝐭𝐡𝐝𝐫𝐚𝐰𝐚𝐥 𝐋𝐢𝐚𝐛𝐢𝐥𝐢𝐭𝐲: 𝐖𝐡𝐚𝐭 𝐞𝐯𝐞𝐫𝐲 𝐌𝐂𝐀𝐒𝐅 𝐂𝐨𝐧𝐭𝐫𝐚𝐜𝐭𝐨𝐫 𝐌𝐞𝐦𝐛𝐞𝐫 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐎𝐰𝐧𝐞𝐫 𝐍𝐞𝐞𝐝𝐬 𝐭𝐨 𝐊𝐧𝐨𝐰 January 30, 9:30 - 1:00, Miami Lakes Hotel, Lunch provided Did you know: Your company’s financial future is directly tied to the funding status of the MCASF Local 725 Pension Plan. We invite you to attend this educational session, where we’ll delve into the critical topic of the pension plan’s funding status and what it means for your business, including: • Funding Status Overview: Gain insights into the current financial standing of the pension plan, including an explanation of unfunded liabilities and how they may impact future contributions. • Implications of Withdrawal Liability: Understand the potential costs and obligations associated with withdrawing from the plan, and what this could mean for your company’s long-term financial strategy. • Ownership Changes: Learn about important factors to consider when contemplating a change in ownership, including how these decisions could affect your company's withdrawal liability and overall relationship with the pension plan. This educational session is essential for all contractor members, especially those involved in strategic financial planning and company leadership. Even if you have no foreseeable plans to sell your business or alter its ownership structure, we strongly encourage every MCASF Contractor Member to attend. Registration open to MCASF Contractor Members https://bit.ly/4j9LgeF #mcasfla #MCASF #lu725

SMSF Setup considerations – cost and time Setting up an SMSF can be complicated. Not getting it right can materially affect your financial situation and retirement plans. The first question you need to be sure about is whether an SMSF is the right fit. Seeking specialised financial advice can help you determine this answer. Some considerations include: Costs and time SMSFs incur a wide range of costs in establishment and the day to day running of the fund. Ensure you are across the estimated establishment, accounting and audit costs that will be incurred by your SMSF. Speak with your advisers so you are across all other incidental costs, which unlike large super funds generally occur with fixed rates rather than as a proportion of your balance. SMSFs also require dedicated attention from trustees which will take time out of your daily life to manage. Understanding from the outset your legislated responsibilities and obligations before establishing an SMSF is important. https://ow.ly/cvUM50Qor9k The rules can be complex so don’t hesitate to reach out to see how we can help you with your SMSF setup and administration at 07 3160 7386 or email accountant@xperion.com.au. #tax #superannuation #smsf #accountants #investments #retirement

Accessing your SMSF funds early can have serious consequences. The ATO urges professionals to help prevent illegal access and ensure compliance. Discover the legal ways to access your super and safeguard your retirement savings. 💼🔒 Read more: https://hubs.la/Q02BcJrG0 #SMSF #Superannuation #FinancialAdvice #Compliance

Curious about Self-Managed Super Funds (SMSF)? Join our educational webinar to demystify what an SMSF is and how it can empower you in managing your retirement savings. Don't miss out on this opportunity to gain valuable insights into securing your financial future! 🌟💡 #SMSF #FinancialEducation #RetirementPlanning #holzworthpartners https://bit.ly/3J10bHr This post contains general information; please keep in mind that the strategy or products discussed may not be suitable for your individual circumstances.

Find out how you can enhance your Registered Retirement Savings Plan (RRSP) contribution growth.