Kennedy Barnden are your specialists in superannuation administration and strategy. We focus on empowering trustees with knowledge and take the time to explain how your super fund works. We have a flexible approach so you can decide which SMSF services you would like us to provide. All services are provided in house so you can get the information you need when you need it.

Setting Up a SMSF

We prepare all necessary documentation to assist in setting up the SMSF including: trust deeds, minutes and resolutions, member applications, trustee consents, investment strategy and business registrations (ABN, TFN, Complying Fund Registration, GST and PAYG Registration if applicable).

Our SMSF set up cost includes a 60 minute meeting to ensure you understand your responsibilities as a trustee.

Administration Services

We provide a seamless end of year administration service. All trustees are provided with an easy to use checklist to assist them to collate all the documents required to prepare their year end accounts, tax return and audit. Our end of year administration service includes the following:

  • Maintenance of an investment register for listed securities, derivatives, fixed interest, managed funds, direct property and unlisted assets
  • Regular reconciliations of transactions during the course of the year
  • Maintaining individual member records including details of contributions, allocation of earnings and benefit payments
  • Maintaining preservation components and tax free components
  • Maintaining reserve accounts
  • Maintaining multiple pension accounts
  • Preparation of PAYG payment summaries for pensions (if applicable)
  • Segregation of assets for members
  • Preparation of operating statement, statement of financial position, notes to the accounts and members statements. We use BGL Simplefund Software and Banklink.
  • Preparation and lodgement of fund income tax and regulatory return
  • Preparation of annual minutes and statutory documents
  • Minimum and maximum pension calculations and advice for the upcoming year
  • We have the systems, processes and staff in place to ensure your work is completed at the highest quality and in a timely manner.

We are very proud of the systems we have in place and the quality of our files.

Audit Services

As you are no doubt already aware, all self-managed superannuation funds are required to undergo an annual audit.

We have three SMSF Specialist Auditors, who meet high technical requirements and responsibilities for education, superannuation skills and knowledge due to their statutory obligations.

Through accreditation, specialist members of SPAA have demonstrated they have attained the benchmark set by the association. SPAA SMSF Specialists:

  • Are recognised by peers as having comprehensive specialist SMSF skills and knowledge;
  • Have made a professional commitment to maintaining currency and compliance with legislation;
  • Are able to show professionalism in conducting services in the SMSF industry.

We endeavour to make clients feel comfortable contacting their audit specialist to discuss compliance concerns during the year. There may be some ability to rectify potential issues prior to the audit stage, and the auditor is also the best professional to provide accurate advice.

Advice and Strategy When You Need It

We are always on hand to answer your queries or provide you with strategy advice when you need it.

  • SMSF legislation and technical issues
  • Estate planning trends and strategies
  • Limited recourse borrowing arrangements
  • Contributions, limits, excess and penalties
  • Death, disability and divorce
  • The sole purpose test and Swiss Chalets
  • Investment strategies
  • Business succession opportunities
  • Small business CGT concessions
  • Insurance coverage
  • Pensions and transition to retirement
  • Proactive assistance in relation to optimising tax components before benefits are paid.

The information on this website is intended for general information only, contains general advice and has been prepared based on the current taxation and superannuation laws. No person should rely on the contents of this website without first obtaining advice specific to their circumstances from a qualified professional.

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