{"id":8126,"date":"2024-02-01T10:39:36","date_gmt":"2024-02-01T00:39:36","guid":{"rendered":"https:\/\/www.walshaccountants.com\/?post_type=services&#038;p=8126"},"modified":"2024-02-28T14:24:11","modified_gmt":"2024-02-28T04:24:11","slug":"smsf-tax-and-compliance","status":"publish","type":"services","link":"https:\/\/www.walshaccountants.com\/services\/smsf-tax-and-compliance\/","title":{"rendered":"SMSF Tax and Compliance"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"8126\" class=\"elementor elementor-8126\" data-elementor-post-type=\"services\">\n\t\t\t\t<div class=\"elementor-element elementor-element-bd87008 e-flex e-con-boxed e-con e-parent\" data-id=\"bd87008\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2327e64 elementor-widget elementor-widget-html\" data-id=\"2327e64\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<script type=\"application\/ld+json\">\r\n{\r\n  \"@context\": \"http:\/\/schema.org\",\r\n  \"@type\": \"Person\",\r\n  \"name\": \"Jared Alford\",\r\n  \"jobTitle\": \"Accountant - SMSF Specialist\",\r\n  \"worksFor\": {\r\n    \"@type\": \"Organization\",\r\n    \"name\": \"Walsh Accountants\"\r\n  },\r\n  \"description\": \"Jared Alford is an SMSF specialist at Walsh Accountants, working with clients exploring the world of self-managed super funds. He provides technical and administrative support along with strategy implementation. Jared's areas of expertise include SMSF, Estate Planning and Administration, with services in Planning, Business Advice, Accounting, and Taxation.\",\r\n  \"knowsAbout\": [\r\n    \"SMSF\",\r\n    \"Estate Planning and Administration\",\r\n    \"Planning\",\r\n    \"Business Advice\",\r\n    \"Accounting and Taxation\"\r\n  ],\r\n  \"alumniOf\": [\r\n    {\r\n      \"@type\": \"CollegeOrUniversity\",\r\n      \"name\": \"Griffith Business School\"\r\n    }\r\n  ],\r\n  \"memberOf\": {\r\n    \"@type\": \"Organization\",\r\n    \"name\": \"CPA Australia\"\r\n  }\r\n}\r\n<\/script>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-0a844da e-flex e-con-boxed e-con e-parent\" data-id=\"0a844da\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d6fd317 elementor-widget elementor-widget-html\" data-id=\"d6fd317\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<script type=\"application\/ld+json\">\r\n{\r\n  \"@context\": \"http:\/\/schema.org\",\r\n  \"@type\": \"WebPage\",\r\n  \"name\": \"SMSF Tax and Compliance Services - Walsh Accountants\",\r\n  \"description\": \"Expert SMSF Tax and Compliance services provided by Walsh Accountants, featuring Jared Alford as an SMSF Specialist.\",\r\n  \"provider\": {\r\n    \"@type\": \"Organization\",\r\n    \"name\": \"Walsh Accountants\"\r\n  },\r\n  \"about\": {\r\n    \"@type\": \"Thing\",\r\n    \"name\": \"SMSF Tax and Compliance Services\"\r\n  },\r\n  \"keywords\": [\r\n    \"SMSF\",\r\n    \"Self-Managed Superannuation Funds\",\r\n    \"Tax and Compliance\",\r\n    \"Retirement Savings\",\r\n    \"Investment Strategy\",\r\n    \"Risk Tolerance\",\r\n    \"Financial Goals\",\r\n    \"Market Conditions\",\r\n    \"SMSF Setup and Establishment\",\r\n    \"Annual Compliance and Reporting\",\r\n    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elementor-element-a219f59 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a219f59\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-e5af85f\" data-id=\"e5af85f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-53c408f elementor-widget elementor-widget-heading\" data-id=\"53c408f\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Self-Managed Superannuation Funds (SMSF) Tax and Compliance <\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0141cfe elementor-widget elementor-widget-heading\" data-id=\"0141cfe\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<p class=\"elementor-heading-title elementor-size-default\">The Walsh Accountants SMSF Division plays a pivotal role in supporting SMSF trustees in navigating the complexities of managing their funds and offering advice on set up and investment management. <\/p>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-42d37a7 elementor-widget elementor-widget-image\" data-id=\"42d37a7\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/maps.app.goo.gl\/W4Y3oywW2h7eQj2r7\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"300\" height=\"74\" src=\"https:\/\/www.walshaccountants.com\/wp-content\/uploads\/2019\/02\/Walsh-Accountants-New-Review-badge-300x74.png\" class=\"attachment-medium size-medium wp-image-7312\" alt=\"Walsh Accountants Google Review Badge\" srcset=\"https:\/\/www.walshaccountants.com\/wp-content\/uploads\/2019\/02\/Walsh-Accountants-New-Review-badge-300x74.png 300w, https:\/\/www.walshaccountants.com\/wp-content\/uploads\/2019\/02\/Walsh-Accountants-New-Review-badge-240x59.png 240w, https:\/\/www.walshaccountants.com\/wp-content\/uploads\/2019\/02\/Walsh-Accountants-New-Review-badge.png 357w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-8e82c12\" data-id=\"8e82c12\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0da520b elementor-widget elementor-widget-text-editor\" data-id=\"0da520b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span data-contrast=\"none\">Unlocking the potential of your retirement savings begins with the freedom to control and shape your financial future. If you&#8217;ve ever envisioned having a hands-on approach to managing your superannuation, <strong>a Self-Managed Superannuation Fund (SMSF)<\/strong> might be the key. Unlike traditional superannuation funds, an SMSF empowers individuals with the autonomy to make strategic investment decisions and tailor their portfolio to their financial objectives. <\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559738&quot;:300,&quot;335559739&quot;:300,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p><p><span data-contrast=\"none\">One of the key advantages of a Self-Managed Superannuation Fund (SMSF) is the broad range of investment options available to trustees. SMSF members have the flexibility to invest in a diverse portfolio, including but not limited to, direct shares, managed funds, direct property, term deposits, and even collectibles such as art or rare coins. This flexibility allows individuals to tailor their investment strategy based on their risk tolerance, financial goals, and market conditions.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559738&quot;:300,&quot;335559739&quot;:300,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p><p><span data-contrast=\"none\">The Walsh Accountants <a href=\"https:\/\/www.walshaccountants.com\/who-we-work-with\/smsf-division\/\">SMSF Division<\/a> can play a pivotal role in supporting SMSF trustees in navigating the complexities of managing their funds. <\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9a6f8b0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9a6f8b0\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-16f6423\" data-id=\"16f6423\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1d3bcdd elementor-widget elementor-widget-text-editor\" data-id=\"1d3bcdd\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h2>SMSF Services that our team provide include:<\/h2>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6ebb76e elementor-widget elementor-widget-accordion\" data-id=\"6ebb76e\" data-element_type=\"widget\" data-widget_type=\"accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-accordion\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1161\" class=\"elementor-tab-title\" data-tab=\"1\" role=\"button\" aria-controls=\"elementor-tab-content-1161\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">SMSF Services:  <\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1161\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"region\" aria-labelledby=\"elementor-tab-title-1161\"><ul style=\"font-weight: 400; list-style-type: circle;\"><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;134225954&quot;:true,&quot;134225961&quot;:false,&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:1440,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"2\"><span data-contrast=\"none\"><strong>SMSF Setup and Establishment<\/strong>: Assisting in the seamless establishment of an SMSF including appropriate SMSF structure, ensuring compliance with regulatory requirements.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\"> We discuss this process in more depth <a href=\"https:\/\/www.walshaccountants.com\/services\/smsf-establishment\/\">here<\/a>.\u00a0<\/span><\/li><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;134225954&quot;:true,&quot;134225961&quot;:false,&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:1440,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"2\"><span data-contrast=\"none\"><strong>Annual Compliance and Reporting<\/strong>: Handling the preparation and lodgment of financial statements, tax returns, and ensuring compliance with reporting obligations.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;134225954&quot;:true,&quot;134225961&quot;:false,&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:1440,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"3\" data-aria-level=\"2\"><span data-contrast=\"none\"><strong>Audit Coordination<\/strong>: Coordinating with audit firms to facilitate the annual audit process, ensuring adherence to regulatory standards.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;134225954&quot;:true,&quot;134225961&quot;:false,&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:1440,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"4\" data-aria-level=\"2\"><span data-contrast=\"none\"><strong>Strategic Advice<\/strong>: Providing guidance on investment decisions, contribution strategies, and retirement planning to optimise SMSF performance. We can also work closely with your preferred financial advisors with some of those strategic decisions.\u00a0<\/span><\/li><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;134225954&quot;:true,&quot;134225961&quot;:false,&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:1440,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"5\" data-aria-level=\"2\"><span data-contrast=\"none\"><strong>Pension Management<\/strong>: Assisting in the establishment and ongoing management of pensions within the SMSF, ensuring compliance with pension rules.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;134225954&quot;:true,&quot;134225961&quot;:false,&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:1440,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"6\" data-aria-level=\"2\"><span data-contrast=\"none\"><strong>Estate Planning<\/strong>: Offering guidance on structuring the SMSF to facilitate smooth transitions of assets to beneficiaries.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li><\/ul><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t<div class=\"elementor-element elementor-element-9318768 e-flex e-con-boxed e-con e-parent\" data-id=\"9318768\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-e6fae36 e-con-full e-flex e-con e-child\" data-id=\"e6fae36\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-cf39eee elementor-widget elementor-widget-heading\" data-id=\"cf39eee\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Compliance and reporting requirements<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5cb6425 e-con-full e-flex e-con e-child\" data-id=\"5cb6425\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-70c7b07 elementor-widget elementor-widget-text-editor\" data-id=\"70c7b07\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span data-contrast=\"none\">SMSF\u2019s offer a unique opportunity for individuals to take control of their retirement savings. While the autonomy is empowering, it comes with a responsibility to comply with regulations.\u00a0\u00a0\u00a0<\/span><\/p><p><span data-contrast=\"none\">SMSFs are subject to strict compliance requirements set by the ATO. Trustees must adhere to regulations regarding contributions, investments, and benefit payments. Regular reporting, including the submission of annual returns and financial statements, is mandatory.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:300,&quot;335559739&quot;:300,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p><p><span data-contrast=\"none\">One key compliance requirement is the <strong>sole purpose test,<\/strong> which mandates that the primary purpose of the SMSF is to provide retirement benefits to members. Trustees need to ensure that all investment decisions and activities align with this sole purpose.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:300,&quot;335559739&quot;:300,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p><p><span data-contrast=\"none\">Additionally, SMSFs are required to undergo an <strong>annual audit<\/strong> by an independent auditor. The auditor examines the fund&#8217;s financial statements, compliance with regulations, and adherence to the sole purpose test. Any discrepancies or breaches identified during the audit must be rectified promptly to avoid penalties.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:300,&quot;335559739&quot;:300,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4f4d536 elementor-widget elementor-widget-spacer\" data-id=\"4f4d536\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-bca3c88 e-flex e-con-boxed e-con e-parent\" data-id=\"bca3c88\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-8cbf56c e-con-full e-flex e-con e-child\" data-id=\"8cbf56c\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-673bf6b elementor-widget elementor-widget-heading\" data-id=\"673bf6b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Penalties for non-compliance<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-ed09edb e-con-full e-flex e-con e-child\" data-id=\"ed09edb\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ab08482 elementor-widget elementor-widget-text-editor\" data-id=\"ab08482\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span data-contrast=\"none\">Non-compliance with SMSF regulations can lead to severe consequences, including financial penalties, disqualification of trustees, and even the winding up of the fund.<\/span><\/p><p><span data-contrast=\"none\"> It&#8217;s imperative for trustees to stay informed about legislative changes, seek professional advice, and maintain accurate and up-to-date records to ensure ongoing compliance.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:300,&quot;335559739&quot;:300,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p><p><span data-contrast=\"none\">The ATO has the authority to impose penalties for various breaches, such as exceeding contribution caps, making non-compliant investments, or failing to meet reporting obligations. Trustees should proactively address any issues identified during the annual audit to avoid potential penalties.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:300,&quot;335559739&quot;:300,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p><p>\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-583d4c8 e-flex e-con-boxed e-con e-parent\" data-id=\"583d4c8\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-8ecbb66 elementor-widget elementor-widget-heading\" data-id=\"8ecbb66\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Why Choose Walsh for your SMSF tax and compliance?<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ba8d218 elementor-widget elementor-widget-text-editor\" data-id=\"ba8d218\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The Walsh difference lies in our unwavering commitment to being your trusted partner in navigating the complexities of Self-Managed Superannuation Funds.\u00a0 At Walsh Accountants, we prioritise attention to detail, clear communication, and a steadfast commitment to ensuring that our clients understand every step of the SMSF journey. From the initial consultation to ongoing support, we meticulously guide you through the setup process, compliance requirements, and investment strategies with precision and clarity. Our dedicated team will go above and beyond to demystify the intricacies of SMSFs, empowering you with the knowledge and confidence to make informed decisions about your retirement savings. With Walsh Accountants by your side, rest assured that your SMSF is managed with diligence, transparency, and a deep appreciation of your financial goals.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-648ec37 e-flex e-con-boxed e-con e-parent\" data-id=\"648ec37\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7aee193 elementor-widget elementor-widget-spacer\" data-id=\"7aee193\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d4129e2 elementor-widget elementor-widget-heading\" data-id=\"d4129e2\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Contact us today to start your SMSF journey!<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-0b51998 e-flex e-con-boxed e-con e-parent\" data-id=\"0b51998\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-dd12da4 elementor-widget elementor-widget-text-editor\" data-id=\"dd12da4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW144119004 BCX0\" lang=\"EN-AU\" style=\"color: #000000;\" xml:lang=\"EN-AU\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW144119004 BCX0\">In the journey towards a secure and fulfilling retirement, taking charge of your superannuation opens doors to a world of possibilities. <\/span><\/span><\/p><p><span class=\"TextRun SCXW144119004 BCX0\" lang=\"EN-AU\" style=\"color: #000000;\" xml:lang=\"EN-AU\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW144119004 BCX0\">At Walsh Accountants, we understand the significance of financial empowerment and are here to support you every step of the way.<\/span><\/span><\/p><p><span class=\"TextRun SCXW144119004 BCX0\" lang=\"EN-AU\" xml:lang=\"EN-AU\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW144119004 BCX0\"><span style=\"color: #000000;\"> If you aspire to take a more active role in managing your superannuation and wish to explore the comprehensive services Walsh Accountants offers, we invite you to<\/span> <a title=\"https:\/\/www.walshaccountants.com\/contact\/\" href=\"https:\/\/www.walshaccountants.com\/contact\/\">connect with us today.<\/a><\/span><\/span><span class=\"EOP SCXW144119004 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559738&quot;:300,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e897683 elementor-widget elementor-widget-spacer\" data-id=\"e897683\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2caf5ff elementor-widget elementor-widget-heading\" data-id=\"2caf5ff\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Jared Alford\nAccountant - SMSF Specialist<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-db8c408 e-flex e-con-boxed e-con e-parent\" data-id=\"db8c408\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-950029b e-grid e-con-boxed e-con e-child\" data-id=\"950029b\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-eeda7e9 elementor-widget elementor-widget-image\" data-id=\"eeda7e9\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/www.walshaccountants.com\/wp-content\/uploads\/2023\/12\/Jared-Alford-Walsh-Accountants_-2.jpg\" title=\"\" alt=\"Jared Alford Walsh Accountants SMSF Specialist\" loading=\"lazy\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-07ce13c elementor-widget elementor-widget-text-editor\" data-id=\"07ce13c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"color: #000000;\">Jared Alford is an SMSF specialist, working with clients that are exploring the world of self-managed super funds. <\/span><\/p><p><span style=\"color: #000000;\">Jared provides technical and administrative support along with strategy implementation.<\/span><\/p><p><span style=\"color: #000000;\">Contact Jared today to discuss your SMSF requirements on <a title=\"https:\/\/www.walshaccountants.comtel:07 5592 3644\" href=\"tel:07 5592 3644\">07 5592 3644<\/a><\/span><\/p><div class=\"team-content2\"><div class=\"list-detail style-2\"><p><strong><span class=\"label\">Areas of Expertise<\/span><\/strong><\/p><ul><li><strong><span style=\"color: #000000;\">SMSF<\/span><\/strong><\/li><\/ul><ul><li><span style=\"color: #000000;\">Estate Planning and Administration<\/span><\/li><\/ul><\/div><div class=\"list-detail style-2\"><p><span class=\"label\" style=\"color: #000000;\">Areas of Service<\/span><\/p><ul><li><span style=\"color: #000000;\">Planning<\/span><\/li><\/ul><ul><li><span style=\"color: #000000;\">Business Advice<\/span><\/li><\/ul><ul><li><span style=\"color: #000000;\">Accounting and Taxation<\/span><\/li><\/ul><\/div><div class=\"list-detail style-2\"><p><span class=\"label\" style=\"color: #000000;\">Qualifications<\/span><\/p><ul><li><span style=\"color: #000000;\">CPA Australia<\/span><\/li><li><span style=\"color: #000000;\">Bachelor of Business (Accounting and Finance), Griffith Business School<\/span><\/li><\/ul><p>\u00a0<\/p><\/div><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"featured_media":5970,"template":"","meta":{"_acf_changed":false,"sfsi_plus_gutenberg_text_before_share":"","sfsi_plus_gutenberg_show_text_before_share":"","sfsi_plus_gutenberg_icon_type":"","sfsi_plus_gutenberg_icon_alignemt":"","sfsi_plus_gutenburg_max_per_row":"","_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","_vp_format_video_url":"","_vp_image_focal_point":[]},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - 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