Specialist SMSF accounting and administration
Operating an SMSF involves more than preparing an annual return. Trustees are responsible for maintaining appropriate records, meeting reporting deadlines, documenting decisions and ensuring the fund continues to operate within superannuation law. Our role is to make those obligations clear and keep the fund’s administration accurate, current and properly documented.
We support the full SMSF lifecycle, including establishment, transaction processing, annual financial statements and returns, pension administration, audit coordination and fund wind-ups. Where a decision requires financial or legal advice, we work constructively with your licensed adviser or solicitor so each part of the process is handled by the appropriate professional.
administration and compliance support for trustees
coordinating accounts, returns, records and annual audit requirements
support from fund establishment through to wind-up
Comprehensive support across the SMSF lifecycle
Fund Establishment
We coordinate the accounting and registration requirements for a new fund, working with legal and financial advisers where their expertise is required.
Year-Round Administration
Transactions, reconciliations, member records and supporting documents are maintained through BGL Simple Fund 360.
Annual Accounts and Returns
We prepare the fund’s annual financial statements, member statements and SMSF annual return with a clear supporting workpaper file.
Pension Administration
Pension commencements, minimum payment monitoring and transfer balance reporting are administered and documented accurately.
Property and Borrowing Administration
We manage the accounting and compliance records associated with property holdings and limited recourse borrowing arrangements.
Independent Audit and Wind-Up
We coordinate the annual independent audit and manage the accounting and reporting steps required when a fund is brought to an orderly close.
A disciplined service cycle for every fund
- 01
Establish
We coordinate registrations, accounting setup and adviser inputs so the fund begins with the correct administrative foundation.
- 02
Maintain
Fund transactions and supporting records are processed and reconciled throughout the year.
- 03
Prepare
Annual accounts, member statements and the SMSF annual return are prepared for review and audit.
- 04
Coordinate
We manage the independent audit process and identify upcoming administrative or reporting matters for the trustees.
Frequently asked
How do I determine whether an SMSF is appropriate for me?
Suitability depends on your circumstances, objectives, expected costs and willingness to accept trustee responsibilities. We can explain the accounting, tax and administration implications and work with your licensed financial adviser on the broader suitability assessment before a fund is established.
What does MaGrath manage for an SMSF each year?
Our service includes ongoing transaction processing and reconciliations, annual financial statements and member reporting, preparation of the SMSF annual return, coordination of the independent audit and administration of relevant pension and reporting obligations.
Can an SMSF acquire property?
An SMSF may be able to acquire property, but the transaction must satisfy strict superannuation, investment and borrowing rules. We manage the accounting and compliance administration and coordinate with your solicitor and licensed financial adviser before contracts or finance arrangements are entered into.
Confident management of your SMSF
Speak with our SMSF team about establishing a fund, improving its administration or bringing outstanding obligations up to date.