SMSF Compliance Services - Atium Accounting

Company Tax Return Services

Managing a Self Managed Super Fund (SMSF) gives you greater control over your retirement savings, but it also comes with significant legal and administrative responsibilities. Every SMSF trustee is responsible for ensuring their fund complies with the requirements of the Australian Taxation Office (ATO) and superannuation legislation. At Atium Accounting, we provide professional SMSF compliance services that help trustees meet these obligations while removing much of the stress associated with managing an SMSF.

Based in Bendigo, we work with trustees throughout Central Victoria and across Australia, providing reliable, practical advice and ongoing support. Whether your fund has recently been established or has been operating for many years, our experienced team will ensure your annual compliance requirements are completed accurately, efficiently and on time.

Compliance Services

Comprehensive SMSF Compliance Services

SMSF compliance is much more than preparing an annual tax return. Throughout the year your fund records contributions, investment income, expenses, member transactions and investment activities, all of which must be accurately reported and supported with appropriate documentation. Our role is to ensure every aspect of your fund’s administration is completed correctly while keeping you informed of your responsibilities as a trustee.

Each year we prepare your SMSF financial statements, member statements and SMSF Annual Return before arranging the mandatory independent audit. We work directly with your SMSF auditor, respond to audit queries and ensure any compliance matters are addressed promptly. This means you don’t need to coordinate between multiple professionals, giving you confidence that your fund is being managed efficiently from start to finish.

Financial Statements and Annual Reporting

Preparing accurate financial statements is an essential part of every Self Managed Super Fund’s annual compliance obligations. These reports provide trustees with a complete picture of the fund’s financial position and form the basis of the annual audit and tax return.

Our team carefully prepares financial statements that reflect your fund’s investments, income, expenses, member balances and asset values. We ensure transactions are recorded correctly and all reporting requirements have been met before lodging the SMSF Annual Return with the Australian Taxation Office.

Accurate financial reporting not only satisfies compliance requirements but also helps trustees make informed decisions about the future direction of their retirement savings.

Working With Your SMSF Auditor

Every SMSF must undergo an independent audit before its annual return can be lodged. Rather than leaving trustees to coordinate this process themselves, Atium Accounting works closely with experienced independent SMSF auditors to ensure the audit runs as smoothly as possible.

We prepare all financial information required by the auditor, provide supporting documentation and respond to any questions raised throughout the audit process. If any compliance issues are identified, we work with both the trustee and the auditor to resolve them quickly and efficiently.

Having your accountant and auditor working together helps minimise delays and ensures your annual compliance obligations are completed on time.

SMSF Tax Returns

Every Self Managed Super Fund is required to lodge an annual return with the Australian Taxation Office. This return reports the fund’s income, expenses, member information, regulatory details and taxation obligations for the financial year.

Our experienced SMSF accountants prepare and lodge the annual return on your behalf, ensuring the information reported is complete and accurate. We carefully review investment income, dividends, trust distributions, capital gains, rental income, deductible expenses and member transactions before the return is finalised.

Our aim is to make the annual reporting process straightforward while ensuring your fund remains fully compliant with current legislation.

Pension Compliance

Once members begin drawing retirement benefits from their Self Managed Super Fund, additional compliance requirements apply. Pension accounts must be established correctly, minimum pension payments must be made each financial year and reporting obligations such as Transfer Balance Account Reporting (TBAR) may also apply.

We assist trustees with preparing pension commencement documentation, calculating minimum pension payments, preparing trustee resolutions and ensuring all required reporting has been completed. We also review pension balances annually to ensure your fund continues to meet legislative requirements.

Receiving professional advice before commencing a pension can help avoid costly compliance issues and provide confidence that your retirement income is being managed correctly.

Contribution Monitoring

Superannuation contribution rules continue to evolve, making it important for trustees to understand the limits that apply each financial year. Exceeding contribution caps can result in additional tax and unnecessary complications.

As part of our SMSF compliance service, we monitor contributions made to your fund and identify any potential issues before they become larger problems. We also provide advice regarding concessional contributions, non concessional contributions, contribution timing and other strategies that may improve your long term retirement outcomes while remaining within current legislation.

SMSF Property and Investment Reporting

Many Self Managed Super Funds invest in commercial property, residential property where permitted, Australian shares, international investments, managed funds and term deposits. Every investment held by the fund must be accurately recorded and reported each year.

Our team prepares comprehensive investment reporting, ensuring all investment income, expenses and asset valuations are correctly reflected within your financial statements. Where your SMSF owns property, we also report rental income, borrowing expenses where applicable, depreciation information provided by quantity surveyors and capital gains when assets are sold.

If your fund operates under a Limited Recourse Borrowing Arrangement (LRBA), we also ensure the appropriate reporting and compliance requirements are satisfied.

Trustee Responsibilities

Being an SMSF trustee carries important legal responsibilities. Trustees are responsible for ensuring the fund is maintained solely for providing retirement benefits, that accurate records are retained and that all legislative obligations are met.

While we manage much of the administration on your behalf, we also believe trustees should understand how their fund operates. We explain compliance requirements in straightforward language and keep you informed whenever legislation changes or decisions need to be made.

Our goal is not simply to prepare reports once a year, but to become a trusted adviser who supports you throughout the life of your Self Managed Super Fund.

Ongoing Advice Throughout the Year

Many important SMSF decisions occur outside the annual reporting process. Members may wish to make additional contributions, commence pensions, admit new members, pay benefits, purchase investments or update their investment strategy.

Our team is available throughout the year to provide advice whenever significant decisions arise. Receiving advice before making changes often prevents compliance issues and helps trustees achieve better long term outcomes.

Because we already understand your fund and its history, we can provide practical recommendations that suit your individual circumstances rather than generic advice.

Why Choose Atium Accounting?

Atium Accounting understands that every Self Managed Super Fund is different. Some funds have straightforward investment portfolios, while others include commercial property, multiple members, pension accounts or more complex investment arrangements. Regardless of your circumstances, we tailor our service to suit your fund rather than applying a standard process to every client.

Our clients value having a trusted accountant who is approachable, responsive and committed to providing practical advice. We believe accounting should be about more than compliance. We aim to build long term relationships with our clients by helping them understand their fund, remain compliant and make informed decisions about their retirement savings.

By working closely with your independent auditor and keeping up to date with changing superannuation legislation, we ensure your SMSF continues to meet its obligations while reducing the administrative burden placed on you as trustee.

Supporting Trustees Across Australia

While we are proud to support clients throughout Bendigo and Central Victoria, our SMSF compliance services are available to trustees anywhere in Australia. Distance is no barrier to receiving professional advice, and our secure systems allow us to work with clients wherever they are located.

Whether you are establishing your first SMSF, changing accountants or simply looking for more proactive service, Atium Accounting can provide the experience and ongoing support you need.

Speak With Our Team

If you are looking for an experienced SMSF accountant in Bendigo or need professional Self Managed Super Fund compliance services anywhere in Australia, Atium Accounting is here to help.

Our experienced team prepares annual financial statements, SMSF Annual Returns, trustee documentation and pension records while working directly with your independent auditor to ensure your fund remains compliant with Australian Taxation Office requirements.

Contact Atium Accounting today to learn how we can simplify your SMSF compliance, provide ongoing support throughout the year and help you manage your Self Managed Super Fund with confidence.