FAQs for trustees
How do you charge?
Our SMSF advice fees range depending on the advice, however, we always quote upfront.
Our SMSF compliance fees are based on the size of your Fund categorised from small, medium to large. We determine the size by the number of investments held at the end of each financial year. Therefore, you have a good understanding of what your fees will be each year.
If a major change occurs within your Fund, generally there are other administration requirements. For example, starting a pension, purchasing a property or change of members. Concise Super will prepare all the necessary documents to ensure your Fund is compliant. We will inform you upfront about the documents and the associated fees.
The team at Concise Super do not charge for phone calls or emails. We encourage all our clients to call and email us frequently regarding any matter to their SMSF. It is important to be proactive rather reactive, so we prefer you keep us in the loop of what is happening in your Fund, so we can alert you of any compliant responsibilities and or actions that are required. We don’t want you to be concerned with fees and charges just because we had a conversion.
Do you charge for the first meeting?
No. Our first meeting is complimentary because we want to get to know you and understand your needs. We also want you to get to know us.
Actually, most of our meetings are complimentary, unless we state otherwise.
We are happy to visit you at your home, workplace or for a coffee or tea at your local cafe.
How can you help me with my SMSF?
Concise Super is a CPA practice, therefore we can help you with all your accounting, administration and tax matters relating to your SMSF. We prepare your financial statements, member’s statements, annual return and any other documentation relating to changes that occur within your Fund.
Our team can help you with the administration of your SMSF including filing your paperwork and bookkeeping.
Education is important to us and our aim is to educate you regarding your SMSF compliance responsibilities during your SMSF journey. For example, keeping you up to date with SMSF related legislation changes, news and alerts.
Concise Super is also a tax agent and lodges your SMSF annual return with the Australian Taxation Office. We also keep you up to date with lodgement due dates.
Can you audit my Fund?
By law, your SMSF is must be audited by an SMSF registered independent auditor every year the Fund is operating.
Concise Super have business alliances with SMSF registered independent auditors. We can arrange your SMSF audit and handle any questions the auditor may have.
Can you provide SMSF investment advice?
Investment advice for your SMSF should be sought by a Financial Planner.
We have business alliances with independent Financial Planners with various specialties. We can arrange an introduction according to your needs.
Where is the work done?
We are an Australian business that operates in Melbourne. All our work is done in Melbourne by qualified Accountants.
Can you look after my personal and business tax affairs?
Our practice specialises only in SMSF services, hence why we are SMSF Specialists.
We have business alliances with Accounting Firms with various specialties. We can arrange an introduction according to your needs.
I have more questions…..
If the typical FAQs for trustees listed do not answer all your questions, that’s ok. Feel free to contact us by telephone 03 9838 3055 or use our contact form. We are happy to answer all your questions.