Like most people, you don’t have the time or knowledge to manage your own Self-Managed Super Fund (SMSF). That’s where smsf accountants southern highlands can help. But with so many SMSF accountants to choose from, how do you know who to trust? Here are some questions to ask before hiring an SMSF accountant:

• What is your experience in managing SMSFs? Choosing an SMSF accountant with extensive experience managing Self-Managed Super Funds is essential.
• What are your qualifications? Ensure your SMSF accountant has the relevant qualifications and is a member of a professional body such as the Tax Practitioners Board or CPA Australia.
• How do you keep up to date with changes in SMSF legislation? It is essential that your SMSF accountant keeps up to date with changes in SMSF legislation so that they can provide you with the most accurate advice.
• What are your fees? Be sure to ask about all costs upfront, including any ongoing expenses, so there are no surprises down the track. Prices can vary depending on the size and complexity of your SMSF and the services you require. It is essential to understand all fees before engaging an accountant.
• What services do you offer? Some SMSF accountants provide a full suite of services, from advice and compliance to administration and bookkeeping. In contrast, others may only offer one or two services.
• Do you have any industry-specific experience? If you have a complex SMSF or are in a niche industry, choosing an accountant with experience in that area may be beneficial.
• How do you communicate with clients? It would help if you felt comfortable speaking with your accountant and that they are available when you need them.
• What are your policies on data security? With the recent introduction of the General Data Protection Regulation (GDPR), knowing how your accountant will protect your data is essential.
• What services do you offer? Some accountants only offer advice or compliance services, while others may also provide administration and bookkeeping services.
• Do you have any experience in retirement planning? Retirement planning is a complex area, and you want to ensure your accountant is up to date on the latest changes.
• What software do you use? Your accountant must use software that is compatible with your systems.
• How often do you review portfolios? You should feel confident that your portfolio is being regularly reviewed and monitored by your accountant.
• Can you provide references from other SMSF clients? It is essential that you feel confident and comfortable with your accountant. Asking the right questions will help you find the best SMSF accountant for your needs.

Answers to these questions will help you better understand an accountant’s experience and expertise and their fees and services. Choosing the right smsf accountants southern highlands is essential, so be sure to ask plenty of questions before making your final choice. With the proper support, managing your super fund can be a rewarding and stress-free experience.

We hope this information has been helpful to you.