If you’re a Western Sydney resident looking to take the next step in taking charge of your finances, an SMSF (Self Managed Superannuation Fund) might be for you. SMSFs are designed for individuals who want to control their own Superannuation fund by choosing how their money is invested.
At Hurley & Powell Accountants, we’re able to guide you through the process of setting up an SMSF and teach you how to best use it long-term. We understand that Superannuation can be confusing. Setting up a Self Managed Super Fund is something you’ll want to get right so that you can have confidence in your finances when the time comes to retire.
Helping Western Sydney residents with their SMSF
Western Sydney is a large, diverse and expansive region, stretching from the busy Parramatta out to The Hawkesbury, Penrith and Southern Suburbs. It’s an energetic, vibrant and idyllic location that combines the convenience of residential living while still being surrounded by nature reserves and cultural centres and is home to many individuals who may wish to take control of their Superannuation by setting up an SMSF.
If you’re a Western Sydney resident who wishes to take this step, the team of SMSF Accountants at Hurley & Powell can help you. They will ensure your Super Fund is set up correctly and in a way that helps you as you head towards achieving your financial goals.
Our SMSF Western Sydney Process
If you’re interested in opening a Self Managed Superannuation Fund, the first step is to determine if it’s the right option for you. You can do this by discussing your current situation and goals with your trusted financial planner. If you’re unsure who to see, we’re able to refer you to someone who can help you out.
Once you’ve determined that an SMSF is a good fit for you, give us a call and we’ll book an appointment where we can walk you through the whole process. We will establish the fund, guide you in the administration of the fund, prepare the annual tax return and arrange the annual audit of the fund.
We can help you with all aspects of running a Self Managed Super Fund, including:
- Setting up your SMSF
- Transferring Super from your existing commercial fund
- Coming up with a good investment strategy
- Borrowing to invest in property
Other accounting services
We also offer a range of accounting, taxation, and business advice in Australia. These professional services are available to anyone in Western Sydney and surrounding areas.
Our team of registered tax agents and accountants can assist with:
Small Business Accounting
We can handle all the tax and accounting needs of small business owners.
- Business Activity Statements (BAS): Preparing and lodging BAS statements for your business.
- Tax Returns: Completing and filing your business tax returns.
- Financial Statements: Creating financial statements to understand your business’s financial health.
- Payroll Tax and Fringe Benefits Tax: Managing payroll tax and fringe benefits tax obligations.
- Business Setup and Business Advisory: Provide assistance and tax advice on buying, selling, or setting up your business.
SMSF (Self Managed Superannuation Fund) Services
Aside from setting up the SMSF, we can also assist with:
- Annual Tax Return Preparation: Preparing and lodging your SMSF’s annual tax return.
- Annual Audit Arrangement: Assist in arranging the mandatory annual audit for your SMSF.
- Financial Planning Referral: Connecting you with a trusted financial planner to determine if an SMSF is suitable for your retirement goals and make informed investment decisions.
Individual Tax Returns
Each registered tax agent in our team can help with individual tax returns, including:
- Investor Tax Returns: Handling tax returns, including tax planning, for individuals with investment income.
- Rental Property Tax Returns: Ensuring you claim all deductions and minimise tax for your rental properties.
- Maximising Refunds: Their goal is to claim everything you’re entitled to and get you the maximum possible tax refund.
Property Investment Advice
We offer property investment advice specific to:
- Property Purchase Advice: Guiding you through the process of buying an investment property.
- Tax Implications: Explaining the tax considerations when buying, owning, and selling investment property.
- Deduction Maximisation: Helping you identify and claim all allowable deductions to reduce your tax liability.
- Property Sales Advice: Assisting with the tax implications of selling your investment property.
Where to find our SMSF Accountants
Hurley & Powell Accountants is conveniently located in the heart of Penrith. Our office is easily accessible to Western Sydney residents, being only a short drive away with plenty of on-street parking.
We are also easily accessible by train and are a short walk from Penrith Station, Penrith Plaza and nearby bus stops.
Get in touch with our SMSF Western Sydney Team
For more information on how we can help with Self Managed Superannuation Funds, get in touch with the friendly team at Hurley & Powell Accountants on 02 4732 1026. We specialise in accounting and taxation services in Australia. We’d love to help you make the most of your super fund.
