What is an SMSF?

An SMSF is a personal or family superannuation fund that is managed by the members of the fund, who are also the trustees.

They can tailor their own investment strategies and select specific assets such as listed securities, managed investments, cash and term deposits, international equities, instalment warrants and so on.

Generally an SMSF has the following features:

  • a personal or family super fund with no more than 4 members
  • each member of the fund is a trustee
  • no member of the fund is an employee of another member of the fund, unless those members are related
  • no trustee of the fund receives remuneration for his or her services as a trustee
  • the SMSF must have a written Trust Deed and Investment Strategy that meets all members’ objectives

Advantages and disadvantages of an SMSF

An SMSF has the following advantages:

  • Greater investment choice – direct and indirect investing
  • Greater control over investment strategies
  • Access to investment gearing opportunities not available in retail super funds
  • Cost effective over long term
  • Offers preferable tax arrangements
  • Allows you to look after your family

An SMSF has the following disadvantages:

  • Responsibility for the fund’s investment decisions
  • Time-consuming to manage
  • Not eligible for s government compensation in case of fraud or theft.

How we can help

We can help with

  • Set up your SMSF
  • Our setup package includes a free 20 minutes consultation with a licensed financial planner.
  • Coordinate annual audits
  • Prepare annual ASIC reporting and return
  • Ongoing tax, GST and PAYG compliance.
  • Optimising the tax position of your SMSF.

Success stories

ethos-logo

How Wilson & Associates helps us with our profit turn-around and growth strategies – by Dr. Watson, CEO, Ethos Health,13/06/2018

A profit turn-around of almost 300%
20% savings on a tax assessment, coupled with 20% annual savings in tax compliance
A rigorous growth budget with full alignment of strategic objectives with executional strategies in terms of people and marketing.

Wilson & Assoc provides robust planning, rigorous performance management, commercial and strategic advice, and helps drive profit and accelerated growth.

Improve cash flow. Maintain high level of trust and confidence with suppliers, during short cash-tight periods.
First year of engagement (F17) – reduce operating loss by 2/3
Second year (F18) turn-around to profit
Wilson & Assoc Chartered Accountants

What we are about

We are passionate about bringing big company financial capabilities to startups and small businesses without the big costs.

Our mission is to help you create the financial future you want for your business, yourself and your family.

Our business is to help you build wealth, increase cash and profits, and grow amazing business.

What our clients say

5.0
on
Wilson & Assoc Chartered Accountants has played a key role in our business turn-around, rapid growth and capital raise. They have provided financial structure and rigour to optimise decisions and outcomes of strategy implementation and performance enhancement. They have brought a new level of financial clarity and confidence to our decisions and choices, both strategic and operational.
Dr Trent Watson a
CEO, Ethos Health
Very Happy To have Wilson & Assoc as my Accountant for business and personal maters. Very professional, friendly and most of all he works hard to make sure you get the best outcome with your tax return. as well as giving you the best advice to better your business. Always notifying me with every step when working on any procedures to do with my business. Doesn't matter if you are a big business or small you are treated with the same care and respect and given the same service. I highly recommend their services.
Ana Giusti
Restaurant Owner
Wilson & Assoc Chartered Accountants has been of the greatest help to us personally and as small business owners. Their personal service, ongoing support and advice help to simplify accounting and taxation matters from the day to day through to end of year. And it's all done without a fuss.
Andre Ogle
Printing Business Owner
The service is professional, efficient and reliable and we trust Wilson to get the job done right. But most importantly, it’s so nice to deal with someone that is genuine and cares about the things that are important to us. Thank you for looking after us Wilson.
Viv Chau
My tax return was done very fast and efficient with all the paperwork included, I would definetly reccomend them.
Michael Antonakis
Wilson is a great accountant and extremely helpful know exactly what to do with my finances gives me complete step by step instructions on what to do to get my tax affairs in order. 👍👍👍 highly recommend him
CLEAN N OUT
Very knowledgeable and professional service. Glad to have finally found a tax accountant that instills confidence.
Dominic See
Finally found an accountant that is courteous and knowledgeable but most importantly efficient with great pricing. He's always willing to look at different avenues to land on a positive outcome for us. We highly recommend his services.
Frank Ribosa
I have recommended my clients to Wilson & Associates and the feedback has been very positive. Specifically that Wilson was professional, courteous and clearly explained complex tax rules in an easy to understand way, without any jargon. If you're looking for a great a tax agent and accountant, definitely contact Wilson & Associates.
Jason He
Wilson is very professional and had helped me resolved my complex issue with the tax office. I highly recommend him.
Kevin Yeo

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