The Value of A Good Accountant
Many people only think of using an Accountant for tax preparation and lodgement. In actuality, DMS Accounting can assist with a variety of additional services for SMSFs, Superannuation, Individuals & Businesses. We can assist with Structuring & Setup, Budgets & Cash Flows, Reporting & Ongoing Management.
Superannuation Accounting
For most Australians, Superannuation is their primary savings and investment vehicle for providing income during retirement.
The quality of your lifestyle in retirement won’t just be about how much you contributed to your retirement savings, but also on how, and with whom your contributions were managed. This includes your annual accounting.
Whether you manage your own Super or not, correct accounting and financial structuring is imperative and can make a substantial difference to your annual tax return and your retirement.
SMSF Setup, Structuring, Management & Accounting
If you already have a Self-Managed Super Fund, it’s critical that you not underestimate the importance of SMSF accounting. Every day, Australian SMSF trustees are being fined for having incorrect structures, improper management, and failure to properly document and account for financial activity within their SMSFs. Some SMSFs end up being disqualified altogether.
The SMSF accounting environment is in a state of constant change and an alarming number of accountants are unable to keep up to date with relevant taxation law and the broader regulatory environment. At DMS, SMSFs are our primary speciality so rest easy…you’re in good hands.