ESMSF Accountant

  What is a Supervisory levy or SMSF Super Levy? Supervisory levy or SMSF Super levy is charged by the tax office to each self-managed super fund every year to monitor the compliance of the SMSF sector. How much do I need to pay? How much smsf super levy need to pay depends on if its newly registered SMSF, exiting continuing SMSF or winding up year of the fund. Newly registered SMSF For newly registered SMSF and first year the annual return Super levy will be paid double which consists of next year advance payment of the levy and currently totals $259+$259 = $518 2. Continuing SMSF For existing SMSF Super levy will only be paid for the current year of the return which is currently $259. 3. Winding up SMSF In the final year of the SMSF return that is the wind-up year no levy will be charged by the tax office as this levy was already charged by the tax office in advance in the previous year. As the advance payment of the Super levy was started from 2013 financial year there was speci...

  A Self-Managed Super Fund (SMSF) is a private superannuation fund that gives individuals full control over how their retirement savings are managed. But with that control comes responsibility. SMSFs must meet strict tax laws, reporting obligations, and audit requirements. That’s where things can quickly become overwhelming. SMSF outsourcing means handing over specific tasks — like accounting, tax returns, audits, or even the fund setup — to qualified professionals. You’re still the one dealing with clients, but you don’t have to deal with the tricky technical side. Outsourcing doesn’t take control away from you — it simply gives you support from experts who do this every day. At eSMSF Accountant, we take on SMSF outsourcing jobs, but we don’t outsource anything ourselves. All our work is done in Australia, by people who understand the local laws and know what’s at stake. Why more SMSF accountants, tax agents and administrators are turning to outsourcing Managing an SMSF requires ...